Lloyds advert banned in UK over misleading sustainability claims
( December 18, 2024, 10:01 GMT | Official Statement) -- MLex Summary: An advert from Lloyds Banking Group has been banned by the UK's Advertising Standards Authority, over false environmental claims. The ASA said the advert gave the impression that renewable energy formed a significant proportion of Lloyds’ investments and those of the companies it financed. But citing lenders' disclosures, the ASA said that Lloyds was still financing businesses and industries that emitted notable levels of carbon dioxide.Statement is attached....
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