Investor Presentaiton
Principle 1
Principle 2
Principles for Responsible Banking continued
Principle 3
Principle 4
Principle 5
Principle 6
Reporting and self-assessment requirements
2.4 Progress on Implementing Targets
For each target separately:
Show that your bank has implemented the actions
it had previously defined to meet the set target.
Or explain why actions could not be implemented/
needed to be changed and how your bank is adapting
its plan to meet its set target.
Report on your bank's progress over the last 12 months
(up to 18 months in your first reporting after becoming
a signatory) towards achieving each of the set targets
and the impact your progress resulted in (where feasible
and appropriate, banks should include quantitative
disclosures).
High-level summary of bank's response
(limited assurance required for responses to highlighted items)
Reducing our financed emissions - Energy & Power
In November 2020, we set a target for a 30% reduction in the CO2 intensity of our Power portfolio by 2025, as well as a target for
a 15% reduction in absolute CO2 emissions of our Energy portfolio by 2025.
In 2021, we reduced our absolute financed emissions in Energy by 22%, exceeding our 2025 Energy targets. This reflects year-on-
year reductions in borrowing and capital markets volumes across the market to more normalised levels, as well as conscious changes
to our lending portfolio, where we have re-evaluated credit risk limits in segments of the Energy sector which could be most
adversely affected by climate change. In 2022, a post COVID-19 pandemic rebound of the markets may result in increased issuance
volumes which in turn may reverse some of our progress achieved to date. However, we also expect to see further reduction in our
clients' emissions as they implement their transition plans.
Our Power portfolio has seen an 8% net decrease in emissions intensity during 2021, reflecting changes in both our lending and
capital markets activity. We have supported our Power clients in transitioning their business models: in 2021, across all sectors, we
facilitated £29.8bn of total green financing, up 70% from £17.6bn in 2020. This includes £2.5bn used to directly fund renewable
power generation projects. This increase in green financing2 across the Power sector reflects the increased emphasis both issuers
and investors are placing on accelerating the transition to a low-carbon economy, which is reflected in the reduction in emissions
intensity of our financing.
For more information, see the Barclays PLC Climate-related Financial Disclosures 2021.
References
Links to bank's full response/
relevant information
Barclays PLC Annual Report 2021
■'Social and environmental
financing' on pages 68-72
Barclays PLC Climate-related
Financial Disclosures 2021
■'Metrics and targets' on
pages 42-52
Barclays ESG resource hub
■ KPMG assurance statement
12
Barclays PLC
home.barclays/annualreport
Sustainable finance
Our commitment to facilitate £150bn of social, environmental and sustainability-linked financing
Barclays continued to make significant progress in 2021 against our commitment to facilitate £150bn of social, environmental and
sustainability-linked financing from 2018 to 2025. We facilitated £69.2bn of social, environmental and sustainability-linked financing
in 2021, up 14% from £60.9bn in 2020. On a cumulative basis, by year-end 2021, we have facilitated £193.3bn of social,
environmental and sustainability-linked financing since 2018, exceeding our target four years early.
PRB Reporting and self-assessment 2021View entire presentation