The Lloyds Banking Group is the most generous corporate giver to charity, according to a table published by the Directory of Social Change.
The bank gave £85m a year, according to its most recently filed accounts. The second most generous giver was the investment bank Goldman Sachs, which gave £40.1m, followed by Barclays, which gave £30.3m.
The DSC data was taken from the Company Giving Almanac and is based on organisations’ most recent accounts. It includes both cash and in-kind giving, which includes volunteering and other resources.
Large financial services organisations make up half of the top 10.
Ecclesiastical Insurance Group was the most generous in terms of the percentage of profits it gave to charity – 153 per cent – but the insurer is wholly owned by the Allchurches Trust, the charity to which it gave most of the money.
Catherine Walker, the author of the report and head of sector trends, evidence, analysis and metrics at the DSC, said that being the biggest company giver in the UK did not necessarily make a company the best giver.
"Being a good company giver is about more than the monetary value of the giving," she said. "Companies also need to be mindful of who and what they give to, and where, to make sure that their giving is done in the most effective and impactful way to meet the greatest need."