Understanding transition technologies
Sustainability, climate, nature, and the just transition are central to the strategy at Lloyds, as part of their aim of supporting clients in the transition to a low carbon economy.
Colleagues from various business areas, including Corporate and Institutional Banking, wanted to deepen their understanding of maturing and emerging technologies vital for the energy transition. This was especially crucial for colleagues managing client relationships and originating deals related to financing transition technologies. The team were focused on supporting clients with their transition ambitions while capitalising on the commercial opportunities.
A comprehensive training programme for 180 Commercial colleagues
We upskilled around 180 colleagues through a tailored ‘Net Zero Technologies Programme.’ The programme focused on eight key technology areas:
- Carbon capture and storage
- Energy storage and batteries
- Hydrogen fuel supply
- New renewables
- Heat decarbonisation
- Alternative fuels & chemicals
- Transport and charging infrastructure
- Water and natural resources
Participants gained insights into the readiness of each technology, market trends, policy landscapes, opportunities and risks. We delivered the training via a blend of pre-recorded videos and interactive online live sessions, over 18 weeks. We also launched a condensed version of some the key elements of the programme in the form of written materials, for quick reference.
Better client conversations
Through the programme, we focused on turning complex technical detail into more accessible practical guidance that could be shared with clients.
The programme helped Lloyds colleagues to quickly and confidently enhance their skills in key energy transition technologies. We provided a foundational understanding of these technologies, along with their barriers and enablers.
Our energy transition programme with the University of Edinburgh Business School helped to explain the most important new technologies, and explored how this technology can benefit our clients.Joy Newton, Director, Head of Climate and Sustainability Strategy, Corporate & Institutional at Lloyds Banking Group
We particularly valued the live sessions where we discussed technologies in detail with the academics, and the case studies which brought the information to life. This is an important step in our ambition to be a leading supporter of the low carbon transition.