Barclays H1 2023 ESG Investor Presentation
Our strategy and ESG progress
Climate and sustainability
Social
Governance
2 Working alongside our clients as they transition to a low-carbon economy
Client Transition Framework (CTF)
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Our CTF will support our evaluation of our corporate clients' current and
expected progress as they transition to a low-carbon business model.
Together with BlueTrack TM, it will help re-shape our portfolio emissions profile
Evaluation methodology
Quantitative: Assesses a client's
alignment with our emissions
targets and sector benchmarks
Qualitative: Assesses the
credibility of a client's transition
plan. Considers criteria such as
low-carbon technologies
employed and green capex or
opex plans
Results in an overall CTF score
from T1 (best) to T5 (worst)
Pilot assessment results
• Initial assessments have been
conducted for majority of
corporate clients in sectors
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where Blue Track TM targets have
previously been set (Energy,
Power, Cement and Steel)
Findings include:
o c.80% of assessed clients have
climate targets
o c.60% of assessed clients have
executive compensation tied
to achievement of their
climate goals
We will continue to work to
address data quality challenges
we have identified
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Future applications
CTF results will increasingly be
integrated into key bank-wide
processes
Scores may also be used to
inform certain existing
processes, allowing us to:
o Measure, monitor and report
on clients' decarbonisation
progress
o Understand how we can
support clients' transition
o Identify engagement
opportunities
o Inform our own transition plan
and progress
We will focus our climate-specific
engagement on the lowest
scoring clients
Business/events
Proactive engagement with many of our clients on
the risks and opportunities from the transition
>15,000
engagements with clients within the
Corporate Bank on ESG topics in 2022
(2021: c.5,000)
c.2,000
contacts reached through client events on
ESG and sustainability topics in 2022
Research
Using our thought leadership
to help support client thinking
>400
ESG-focused research reports published
in 2022
16 | Barclays H1 2023 ESG Investor Presentation | 27 July 2023
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