Investor Presentaiton slide image

Investor Presentaiton

Principle 1 Principle 2 Principles for Responsible Banking continued Reporting and self-assessment requirements 06 Barclays PLC home.barclays/annualreport Principle 3 Principle 4 Principle 5 Principle 6 High-level summary of bank's response (limited assurance required for responses to highlighted items) Understanding and addressing potential negative impact areas Climate-related risks and opportunities identified over the short, medium, and long term We see the climate-related risks and opportunities for Barclays as falling into one of three categories. The first category is the impacts on our physical environment due to global warming and changing climate patterns. These are likely to lead to increased extreme weather events, which in turn could lead to economic loss for our customers and clients, as well as for our company. The second category stems from efforts by governments, institutions and businesses to accelerate the transition to a low-carbon economy, which may result in policy and regulatory intervention, new market incentives or shifts in demand and behaviour that could lead to financial impacts on our customers and clients, and on Barclays. This can of course also lead to opportunities to support clients in their shift to new technologies and business models. The size and severity of these impacts will be affected by the rate of transition the world's economies undergo in the coming years. The third is from connected risks or so called second order risks. For example, these could be reduced household affordability or recessionary pressures from the rise in credit defaults as a result of transition or physical impacts. Our approach to nature and biodiversity Nature and biodiversity are intrinsically connected to efforts to mitigate and adapt to the effects of climate change and are vital to ensuring a sustainable economy and healthy society. The financial sector will have an important role to play in stewarding responsible finance and in supporting new financial flows for a nature-positive future. As a financial services institution, this includes understanding and evaluating the ways in which our financing activities impact on nature. It also includes the ways in which the organisation is dependent on nature and functioning ecosystems. Barclays has relationships with customers and clients across a wide range of sectors and geographies, who face risks to their operations, supply chains and markets from biodiversity loss and land-use change. Recognising the importance of this agenda, we are developing our understanding and evaluating the Group's environmental impacts and dependencies as well as where we can support our clients through the transition to a nature-positive economy. Collaboration both within and across industries is essential to this transition. Barclays is pleased to be a member of the Taskforce on Nature-related Financial Disclosures (TNFD) Forum. We also joined the Get Nature Positive Commitment alongside other businesses to identify opportunities to take nature-positive action. Recognising deep interlinkages across environmental and social themes, it is necessary to view our work on nature and biodiversity, which includes our approach to deforestation, in tandem with our work on climate change and human rights. For more information, see the 'Our approach to nature and biodiversity', 'Reducing our financed emissions' and the 'Managing impacts in lending and financing' sections in the Barclays PLC Annual Report 2021. References Links to bank's full response/ relevant information PRB Reporting and self-assessment 2021
View entire presentation