Investor Presentaiton
Principle 1
Principle 2
Principles for Responsible Banking continued
Reporting and self-assessment requirements
17
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)
Group Head of PPCR
The Group Head of PPCR leads the Group's sustainability and citizenship agendas, and has overall responsibility for Corporate
Relations and Regulatory Relations. Specifically, the role is responsible for leading Barclays' efforts in tackling climate change,
and for integrating our ambition and commitments to help accelerate the transition to a low-carbon economy into the business.
Group Head of Sustainability
During 2021, Barclays appointed a Group Head of Sustainability who leads the Sustainability and ESG team, and the strategic
direction and execution of Barclays' policies and practices across a broad range of sustainability and ESG matters, including climate
change. The role also oversees the development of standards and metrics to advance green and sustainable finance and to steward
early innovation in sustainable product and service development. This role is responsible for reputation risk issues arising from
climate change, although the Board has overall responsibility for reputation matters generally. The group Head of Sustainability
reports directly to the Group Head of PPCR.
More details of Barclays' governance arrangements relating to oversight and management of climate-related issues are set out
in the 'Governance' section of our Climate-related financial disclosures.
At Barclays, risks are identified and overseen through the Enterprise Risk Management Framework (ERMF, which supports the
business in its aim to embed effective risk management and a strong risk management culture. The ERMF governs the way in which
Barclays identifies and manages its risks. The management of risk is then embedded into each level of the business, with all
colleagues being responsible for identifying and controlling risk. Given the increasing risks associated with climate change, and to
support the Group's ambition to be a net zero bank by 2050, it was agreed that climate risk would become a Principal Risk from 2022.
References
Links to bank's full response/
relevant information
PRB Reporting and self-assessment 2021View entire presentation