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 Yes Living wage (calculation for operating regions) No
Living hours accredited No Tax reporting (GRI 207) No

Remuneration policies

Remuneration committee 100% independent Yes Remuneration committee discretion applied Yes
Remuneration committee discretion (direction) Down
Director from workforce No Trade union relations (disclosure) No
Worker consultation on top pay (disclosure) No 80%+ shareholder support on pay Yes

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 Yes 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) Yes Total dividend (GBP) 1,761,000,000