Investor Presentaiton

Principle 1 Principle 2 Principles for Responsible Banking continued Principle 3 Principle 4 Principle 5 Principle 6 Reporting and self-assessment requirements 2.2 Target Setting Show that the bank has set and published a minimum of two Specific, Measurable (can be qualitative or quantitative), Achievable, Relevant and Time-bound (SMART) targets, which address at least two of the identified "areas of most significant impact", resulting from the bank's activities and provision of products and services. Show that these targets are linked to and drive alignment with and greater contribution to appropriate Sustainable Development Goals, the goals of the Paris Agreement, and other relevant international, national or regional frameworks. The bank should have identified a baseline (assessed against a particular year) and have set targets against this baseline. Show that the bank has analysed and acknowledged significant (potential) negative impacts of the set targets on other dimensions of the SDG/climate change/society's goals and that it has set out relevant actions to mitigate those as far as feasible to maximize the net positive impact of the set targets. High-level summary of bank's response (limited assurance required for responses to highlighted items) Barclays has set SMART targets in line with some of our significant impact areas to drive alignment with and contribution to the relevant SDGs and the goals of the Paris Agreement. Reducing our financed emissions In 2020, we set an ambition to be a net zero bank by 2050 and committed to align all of our financing to the goals and timelines of the Paris Agreement. In November 2020, we set the following targets: ■ Energy portfolio: reduce absolute CO2 emissions by 15% by 2025 against the 2020 baseline ■ Power portfolio: reduce CO₂ intensity by 30% by 2025 against the 2020 baseline. As a founding member of the Net-Zero Banking Alliance, we intend to use science-based decarbonisation scenarios to set targets for a number of high emitting sectors by April 2024. In line with our commitment to offer shareholders a 'Say on Climate', we will be publishing an update on our climate strategy, targets and methodology in advance of the 2022 Annual General Meeting. This will include 2030 targets for two new sectors, Cement and Metals (Steel). We believe that Barclays can make the greatest difference by supporting the transition to a low-carbon economy, rather than by simply phasing out support for some of the clients who are most engaged in it. We believe that banks, especially those like Barclays with a large capital markets business, are in a unique position to help accelerate the transition by working with companies that are in the process of moving away from fossil fuels to renewables, as many of our clients have already begun to do. This is particularly true in the energy sector, which is already changing rapidly and we are supporting our clients as they transition to less carbon intensive sources of energy, adopt new technologies and increase electrification. Barclays takes a considered approach to clients in sectors with higher carbon-related exposures or emissions from extraction or consumption; we do not think that simple divestment achieves the aim of supporting the transition of the economy and may not reduce emissions if it drives companies to alternative sources of finance with less transparency and accountability. We are therefore continuing to work with clients in key sectors, to gain a more detailed understanding of the risks and challenges that the client is facing believing it is better to engage with clients in relation to transition, rather than simply walking away from financing for individual companies. We recognise there may be companies or particular activities that cannot transition over time, and in such cases we believe those clients will find it increasingly difficult to access financing, including through Barclays. However, we firmly believe that working with clients to facilitate their own transition to a low carbon economy is the best way to make meaningful change in the climate crisis. Achieving our targets will largely depend on our clients' progress on their individual transition pathways. Many of our clients have published their own transition plans and report on their progress; other clients have not yet made their transition plans public. We assume that, over time, more clients will publish plans and also that many of our clients will be able to accelerate their plans beyond what is known today. In the short term, we may experience significant decreases or increases in our metrics, partly due to the volatility of the mix and volume of capital markets financing (included in our metrics) which is generally beyond our control and due to the pace of our clients' emission reductions. References Links to bank's full response/ relevant information Barclays PLC Annual Report 2021 ■'Reducing our financed emissions' on pages 57-58 ■'Social and environmental financing' on pages 68-72 Barclays PLC Climate-related Financial Disclosures 2021 ■'Strategy' on pages 10-21 ■'Risk management' on pages 30-41 09 60 Barclays PLC home.barclays/annualreport PRB Reporting and self-assessment 2021

View entire presentation