Lloyds Banking Group plc
|Lloyds Banking Group plc|
|Industry||Banking, Financial Institutions and Insurance|
|Headquarters||London, United Kingdom|
|Area Served||United Kingdom|
|Products||Commercial, Retail and Consumer Banking, Insurance, Private Equity|
|Market Value||88 822,7 m$|
- 1 About Lloyds Banking Group
- 2 Engagement in Cultural Diplomacy
- 3 Employment Policy
- 4 Education
- 5 Notable Activities
- 6 External Links
About Lloyds Banking Group
Lloyds Banking group was form on the 19th of January 2009, which is comprised of many brands such as Scottish Widows and Halifax. It is a UK customer focused bank offering many financial services and products from retail banking to insurance. Additionally, it has over 2000 branches within the UK with the purpose of ´Helping Britain Prosper´.
Engagement in Cultural Diplomacy
Within the Lloyds Banking Group workforce they include people from varied ethnicities, in addition to that they allow their employees a day whereby they can volunteer for any charity and or community of their choice. This is called the Give & and Gain Day. The Lloyds Banking group provides an outreach programme which offers apprenticeships and work experience placements to disadvantaged young people. For example, Jonathan Shawcross, the Chief Operating Officer for Group IT at Lloyds Banking Group is a mentor who through an ambitious scheme provides support to young Londoners from vulnerable and disadvantaged backgrounds, supporting them to set up their own social businesses. This outreach programme is called Frontline London.
This banking group is keen on diversity and inclusion within their workforce.These diversity and inclusion focus on, gender equality, sexual orientation, disability and ethnic diversity. Employees are also encouraged to and motivated at work via a range of reward schemes such as share plans, childcare vouchers, a cycle to work scheme and dental plans. Besides this, the firm is also keen on employee wellbeing - with their Colleague Wellbeing scheme. This is an intranet where the information focuses on four aspects of everyday life such as the body, mind, finances and work. In addition to that they offer access to free, confidential support and advice on a range of wellbeing issues through their Employee Assistance Programme. This support is available 24 hours a day via a freephone number as well as online for all employees. This banking group offers training and development schemes to drive the capability and professionalism of their employees. All employees have access to high quality ‘role related’ learning through their Academy framework, which develops them in order to both deliver for effective customer service as well as prepares them for future progressive opportunities throughout the organisation.
Grants and Scholarships
Lloyds Banking Group offers scholarships to students of eight universities in the United Kingdom including the Bristol University and the University of Oxford. The Lloyds Scholars offers students with a bursary of up to £1000 per year, a paid summer internship and a mentor.
Corperation with Universities
The group cooperates with universities via the offering of scholarships as mentioned above.
Promotion of Human- and Civil Rights
This organisation expects their employees to put customers’ needs at the heart of everything they do, and each employee plays their part in shaping a culture that is underpinned by values, professional standards and integrity. The development of a Code of Personal Responsibility and a Code of Business Responsibility helps to guide and ensure the firm and its employees operate responsibly as both individuals and as a business. They expect all colleagues to live up to these codes. The Codes also guides them in decision-making and help them put into practice their commitment to strive to always do the right thing.
Activities in the Field of Humanitarian Aid
Lloyds Banking Group this year partnered with BBC Children in Need. By doing so, they offered support to this cause by more than 1,000 colleagues across England, Wales, Scotland and Northern Ireland taking donations over the phone to help raise funds. Additionally, Lloyds Banking Group works with other charities such as the Alzheimer's Society and Alzheimer Scotland. Working together with charities they have been able to raise £5m towards the Live Well Campaign to fund the first UK wide dementia carers programme. The programme offers 9,000 carers the information and skills needed to help their loved one to live well with dementia.
The organisation supports and aims to get kids off the street and onto the pitch by providing free, night-time, five-a-side football for young people across Scotland. The scheme called Bank of Scotland Midnight league aims to provide a constructive and fun activity for 12-16 year olds in their spare time, with the hope that in turn it may contribute to stronger and safer communities.