ABSTRACT
The chapter provides an overview of corporate environmental assessment in Lloyds TSB. Communications issued by the banking community defend the banks on the basis that their environmental credit risk assessment procedures should not give the impression that lenders are acting, or indeed should act, as an environmental police force. Research findings and bank commentaries have revealed that, in general, lenders appear to have become relatively confident that they have appropriate environmental due diligence procedures which will provide them with an adequate defence against direct and indirect environmental liability. Group Environment Risk was given day-to-day responsibility for environmental policy-making and operational management within the Group, including environmental credit risk assessment. As a signatory to the United Nations Environment Programme Statement by Financial Institutions on the Environment and Sustainable Development, Lloyds TSB Group has made specific commitment to sustainable development. The Lloyds TSB public policy and reported commitments form only one representation of policy and environmental management activities within the Group.
