Investor Presentaiton
Principle 1
Principle 2
Principle 3
Principle 4
Principle 5
Principle 6
Disclaimer
In preparing this PRB disclosure we have:
(i) made a number of key judgements, estimations and assumptions, and the processes and
issues involved are complex. This is for example the case in relation to financed emissions,
portfolio alignment, classification of environmental financing, operational emissions and
measurement of climate risk.
(ii) used ESG and climate data, models and methodologies that we consider to be
appropriate and suitable for these purposes as at the date on which they were deployed.
However, these data, models and methodologies are not of the same standard as those
available in the context of other financial information, nor subject to the same or equivalent
disclosure standards, historical reference points, benchmarks or globally accepted
accounting principles. There is an inability to rely on historical data as a strong indicator
of future trajectories, in the case of climate change and its evolution. Outputs of models,
processed data and methodologies will also be affected by underlying data quality which
can be hard to assess.
(iii) reproduced certain data assured by KPMG in the Annual Report. Barclays appointed
KPMG to perform limited independent assurance over selected ESG content in the Annual
Report which has been marked in the Annual Report with the symbol A. The assurance
engagement was planned and performed in accordance with the International Standard on
Assurance Engagements (UK) 3000 Assurance Engagements Other Than Audits or Reviews
of Historical Financial Information and the International Standard on Assurance
Engagements 3410 Assurance of Greenhouse Gas Statements. A limited assurance opinion
was issued, which includes details of the scope, reporting criteria, respective responsibilities,
work performed, limitations and conclusion, and is available on our ESG resource hub at:
https://home.barclays/sustainability/esg-resourcehub/. Certain data assured by KPMG in
the Annual Report has been reproduced in this PRB disclosure. This is marked in this PRB
disclosure with the symbol A. No other information in this PRB disclosure has been subject
to external assurance or audit.
(iv) the data, models and methodologies used and the judgements estimates or
assumptions made are rapidly evolving and this may directly or indirectly affect the metrics,
data points and targets contained in this PRB disclosure. We continue to review and develop
our approach to data, models and methodologies in line with market principles and standards
as this subject area matures. Further development of accounting and/ or reporting standards
could impact (potentially materially) the performance metrics, data points and targets
contained in this report. In future reports we may present some or all of the information
for this reporting period using updated or more granular data or improved models,
methodologies, market practices or standards. Such re-presented information may result
in different outcomes than those included in this PRB disclosure. Where information is
re-presented from time to time, we will identify this and (where we think it is appropriate)
include an explanation. It is important for readers and users of this PRB disclosure to be aware
that direct like-for-like comparisons of each piece of information disclosed may not always
be possible from one reporting period to another.
This document contains certain forward-looking statements within the meaning of Section
21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US
Securities Act of 1933, as amended, with respect to the Barclays Group. Barclays cautions
readers that no forward-looking statement is a guarantee of future performance and that
actual results or other financial condition or performance measures could differ materially
from those contained in the forward-looking statements. These forward-looking statements
can be identified by the fact that they do not relate only to historical or current facts.
Forward-looking statements sometimes use words such as 'may', 'will', 'seek', 'continue', 'aim',
'anticipate', 'target', 'projected', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', 'achieve' or
other words of similar meaning. Forward-looking statements can be made in writing but also
may be made verbally by members of the management of the Barclays Group (including,
without limitation, during management presentations to financial analysts) in connection
with this document. Examples of forward-looking statements include, among others,
statements or guidance regarding or relating to the Barclays Group's future financial position,
income growth, assets, impairment charges, provisions, business strategy, capital, leverage
and other regulatory ratios, capital distributions (including dividend pay-out ratios and
expected payment strategies), projected levels of growth in the banking and financial
markets, projected costs or savings, any commitments and targets (including, without
limitation, environmental, social and governance (ESG) commitments and targets),
estimates of capital expenditures, plans and objectives for future operations, projected
employee numbers, International Financial Reporting Standards (IFRS) impacts and other
statements that are not historical fact. By their nature, forward-looking statements involve
risk and uncertainty because they relate to future events and circumstances. The
forward-looking statements speak only as at the date on which they are made. Forward-
looking statements may be affected by a number of factors, including, without limitation:
changes in legislation, the development of standards and interpretations under IFRS,
including evolving practices with regard to the interpretation and application of accounting
and regulatory standards, emerging and developing ESG reporting standards, the outcome
of current and future legal proceedings and regulatory investigations, future levels of conduct
provisions, the policies and actions of governmental and regulatory authorities, the Barclays
Group's ability along with governments and other stakeholders to measure, manage and
mitigate the impacts of climate change effectively, environmental, social and geopolitical
risks, and the impact of competition. In addition, factors including (but not limited to) the
following may have an effect: capital, leverage and other regulatory rules applicable to past,
current and future periods; UK, US, Eurozone and global macroeconomic and business
conditions; the effects of any volatility in credit markets; market related risks such as changes
in interest rates and foreign exchange rates; effects of changes in valuation of credit market
exposures; changes in valuation of issued securities; volatility in capital markets; changes in
credit ratings of any entity within the Group or any securities issued by such entities; direct
and indirect impacts of the coronavirus (COVID-19) pandemic; instability as a result of the
UK's exit from the European Union ("EU"), the effects of the EU-UK Trade and Cooperation
Agreement and the disruption that may subsequently result in the UK and globally; the risk
of cyber-attacks, information or security breaches or technology failures on the Barclays
Group's reputation, business or operations; and the success of future acquisitions, disposals
and other strategic transactions. A number of these influences and factors are beyond the
Barclays Group's control. As a result, the Barclays Group's actual financial position, future
results, capital distributions, capital, leverage or other regulatory ratios or other financial and
non-financial metrics or performance measures or ability to meet commitments and targets
may differ materially from the statements or guidance set forth in the Barclays Group's
forward-looking statements. Additional risks and factors which may impact the Barclays
Group's future financial condition and performance are identified in Barclays PLC's filings with
the Securities and Exchange Commission (SEC), including, without limitation, Barclays PLC's
Annual Report on Form 20-F for the fiscal year ended 31 December 2021), which are
available on the SEC's website at www.sec.gov. Subject to Barclays' obligations under the
applicable laws and regulations of any relevant jurisdiction, (including, without limitation, the
UK and the US), in relation to disclosure and ongoing information, we undertake no obligation
to update publicly or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
20
Barclays PLC
home.barclays/annualreport
PRB Reporting and self-assessment 2021View entire presentation