<p>Lloyds Banking Group has launched a Sustainability Finance Framework which it says will support the housebuilding industry’s transition to net zero.</p><p>The Framework outlines details of the banking giant’s support to help housebuilders access finance, allowing them to build more homes “with higher sustainability standards”.</p><p>Under the Framework, Lloyds is offering three existing propositions:</p><p>1. <b>The Clean Growth Financing Initiative (CGFI)</b> - providing discounted financing for sustainability projects for SME housebuilders </p><p>3. <b>Sustainable Development Loans (SDLs)</b> - discounted financing for larger housebuilders’ sustainability projects </p><p>4. <b>Sustainability-Linked Loans (SLLs)</b> - For larger customers, these “incentivise the borrower’s achievement of ambitious, pre-determined sustainability performance objectives”.</p><p>“The Framework supports the group’s commitment to expanding the availability and affordability of safe, high quality and sustainable housing by helping housebuilders finance new homes,” Lloyds stated. </p><p>The bank is reportedly one of the biggest backers of housebuilders in the UK. During the past four years, it has also provided more than £12 billion of funding to the social housing sector. </p><p> </p><p>David Cleary, Lloyds Banking Group’s md, housing, said: “The demands on UK housebuilders are significant - evolving Building Regulations, increased focus on low-carbon and biodiversity, consumer demand for greener homes, and rising costs. Our ambition at Lloyds Banking Group …