Lloyds Banking Group plc
Company characteristics
| Assessed report publication year | |
|---|---|
| Financial year end | 31/12/23 |
| Sector | Financials |
| Head office | United Kingdom |
| Primary listing | London Stock Exchange |
| GBP market cap | 30,328,877,563 |
| Net profit margin | 15.59% |
| CEO tenure | 2.4 years |
| Employee count | 66,197 |
| FRF draft assessment response | — |
Reward scrutiny
| Living wage accredited |  |
Living wage (calculation for operating regions) |  |
|---|---|---|---|
| Living hours accredited | |
Tax reporting (GRI 207) | |
Remuneration policies
| Remuneration committee 100% independent | |
Remuneration committee discretion applied | |
|---|---|---|---|
| Remuneration committee discretion (direction) |  |
||
| Director from workforce | |
Trade union relations (disclosure) | |
| Worker consultation on top pay (disclosure) | |
80%+ shareholder support on pay | |
Reward outcomes
| CEO total pay (GBP) | 3,681,000 | CEO total pay change | -2.28% |
|---|---|---|---|
| CEO pay ratio (to median employee) | 80:1 | Percentage point increase in maximum variable remuneration | — |
| Pension award parity between CEO and wider workforce | |
Pay of the next highest exec compared to CEO | 84.32% |
| Gender pay gap (mean data) | Lloyds Banking Group: 26.7% Lloyds Bank PLC: 28% HBOS PLC: 25.1% Scottish Widows Services Limited: 15% MBNA: 14.3% Lloyds Bank Asset Finance Limited: 20.2% Lloyds Bank Corporate Markets Limited: 13.4% Cheltenham & Gloucester PLC: 15.8% | Gender pay (women % in top quartile) | 38% |
| Ethnicity pay gap (disclosure) | |
Total dividend (GBP) | 1,761,000,000 |