Barclays H1 2023 ESG Investor Presentation
Our strategy and ESG progress
Climate and sustainability
Social
Governance
2 Restrictive policies - coal-fired power generation
Barclays' coal-fired power generation policy at a glance
Current policies
2025
No project finance to
enable the construction
or material expansion ¹ of
coal-fired power stations
anywhere in the world
No General Corporate
Purposes (GCP) financing
that is specified as being
for coal-fired power plant
development or material
expansion¹
•
No financing2 to clients
that generate >50% of
revenue from coal-fired
power generation
No GCP financing to
clients with entities
engaged in³ developing
new coal-fired power
plants or material
expansion¹ of existing
coal-fired power plants4
•
No financing2 to clients
that generate >30% of
revenue from coal-fired
power generation
2030
2035
•
°
Phase out of financing² to
all clients engaged in³
coal-fired power
generation in the EU and
OECD
No financing2 to clients
that generate >10% of
revenue from coal-fired
power generation in the
rest of the world
•
Phase out of financing² for
all clients engaged in³
thermal coal-fired power
generation
Note: Full details of our restrictive policies (including exceptions) are set out in detail in our Climate Change Statement: Our Approach to Sensitive Sectors, and include clear restrictions on thermal coal mining and coal-fired power generation, Arctic exploration and production, oil sands and
hydraulic fracturing (fracking). Further restrictions are set out in our Position Statements in relation to Forestry and Agricultural Commodities, World Heritage Sites and Ramsar Wetlands, and Climate Change | Investment to extend the unabated operating lifetime of existing thermal coal power
plants or increase net operational thermal power capacity by more than 20% measure from a baseline of maximum capacity for preceding three years reported. Expansion in such cases relates to absolute global increases rather than increases for an entity or group as a result of mergers or
acquisitions |² Refers to all lending, underwriting, issuance of debt and equity, trade and working capital finance | 3 A client/entity is "engaged in" if it generates >5% of its revenue from the activity | 4 Unless an undertaking is received from the borrower or we are otherwise satisfied that proceeds
of such GCP financing will not be made available to entities engaged in developing new coal-fired power plants or material expansion of existing coal-fired power plants |
14 | Barclays H1 2023 ESG Investor Presentation | 27 July 2023
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