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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Lloyds advert banned for making false environmental claims

Exterior of a Lloyds bank.
Lloyds is the second high street bank to breach ASA rules over greenwashing. Photograph: Andy Rain/EPA

A Lloyds Banking Group advert has been banned for making false environmental claims, making it the second major lender to break the UK advertising watchdog’s rules against greenwashing.

The ruling by the Advertising Standards Authority (ASA) follows an investigation into a billboard poster and three paid-for posts on the networking website LinkedIn, all of which hailed the lender’s climate credentials.

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