Lloyds TSB and the Waste Management sector

Lloyds TSB Corporate Markets offers broad financial solutions tailored to suit the specific needs of the waste management sectors. We have extensive experience of financing projects across and along the waste sector value chain including integrated waste treatment facilities, energy from waste plants, landfill gas infrastructure, collection vehicle fleets and hybrid corporate acquisitions.

Within this sector, we have established corporate relationships with large as well as smaller regional waste management companies. We also have strong relationships with local authorities via our Public and Community Sector team and an ongoing dialogue with government bodies (including DTI, DEFRA and OFGEM) and trade bodies.

Our involvement in the industry ranges from asset leasing structures to PPP and PFI transactions with fully contracted as well as merchant revenue stream. We are familiar with a full range of technologies including mechanical biological treatment, energy from waste and advanced thermal treatment. We offer strong origination, execution and syndication expertise across all transactions we undertake.

The transaction funded Biffa’s de-merger from Severn Trent in 2006, ensuring Lloyds TSB’s continuing position as one of Biffa’s lead banks.

For the Norfolk Waste PFI Project including the construction and ongoing operation and maintenance of waste services in Norfolk for 25 years.

For the Lancashire Waste PFI Project including the construction and ongoing operation and maintenance of waste services in Lancashire for 25 years.

Project financing for the acquisition of a 60MW landfill gas power generation portfolio.

Our Environmental Credentials

In April 2007, Lloyds TSB made the largest carbon reduction commitment of any FTSE 20 company, setting a target of 30% reduction on 2002 emissions by 2012. Our initial focus is to on improving our carbon efficiency and output across our business, through our premises, our processes and our suppliers.

Lloyds TSB Group has created a Carbon Reduction Steering Committee which manages its carbon reduction targets. In February 2008, we also created a Sustainability Network - open to employees of all levels and from any part of the business - to help raise awareness and encourage staff to take action at home and in the office. The network currently has over 300 members.

Our Executive Directors represent us on The Corporate Leaders Group on Climate Change, Chair the Association of British Insurers and their ClimateWise initiative, The Scottish Climate Change Business delivery Group & The United Nations Environment Programme Finance Initiative.

Across Lloyds TSB Group we are focusing on ‘reduction’ activity around five key areas; Energy, Waste, Paper, Water and Travel.

In 2007, we offset 160,902 tonnes to become carbon neutral and will continue to offset those emissions we cannot reduce. We recycle nearly 50% of our waste and have achieved a 27% reduction in waste to landfill in 5 years. We also saved one million litres of water in 2007 – that’s enough to fill 50 Olympics pools.

At Lloyds TSB, we pride ourselves on doing things the right way - we will make sure we keep pushing our reduction targets, whilst working internally to change the behaviours of our staff and our suppliers too.