Investor Presentaiton
Principle 1
Principle 2
Principles for Responsible Banking continued
Principle 3
Principle 4
Principle 5
Principle 6
Reporting and self-assessment requirements
High-level summary of bank's response
(limited assurance required for responses to highlighted items)
References
Links to bank's full response/
relevant information
Please provide your bank's conclusion/statement if it has fulfilled the requirements regarding Target Setting.
We have set targets for some of our significant impact areas, covering the social and environmental impacts of our financing. This includes our sector targets for Power and Energy as part of our net zero ambition and our
sustainable finance commitments. In advance of our 2022 Annual General Meeting, we will publish an update on our climate strategy, targets and methodology, which will include 2030 targets for two new sectors, Cement and
Metals (Steel). We also intend to use science-based decarbonisation scenarios to set targets for a number of other high emitting sectors by April 2024.
2.3 Plans for Target Implementation and Monitoring
Show that your bank has defined actions and
milestones to meet the set targets.
Show that your bank has put in place the means to
measure and monitor progress against the set targets.
Definitions of key performance indicators, any changes
in these definitions, and any rebasing of baselines
should be transparent.
We disclose our performance against our commitments in the Barclays PLC Annual Report 2021 and the Barclays PLC Climate-
related Financial Disclosures 2021. Details of our methodology for calculating our metrics can be found on our ESG resource hub.
Barclays' Sustainable Finance Framework
Our sustainable financing is tracked using the methodology set out in the Barclays Sustainable Finance Framework. The Framework
provides clear green and social eligibility criteria and covers 'dedicated purpose' green and social financing, 'general purpose'
financing based on eligible company business mix and sustainability-linked financing.
Barclays' Blue Track TM methodology
Blue Track™ is Barclays' methodology for measuring our financed emissions, and tracking them at a portfolio level against the
goals of the Paris Agreement. Blue Track TM currently measures carbon, and includes capital markets financing in addition to lending.
Blue Track™ builds on and extends existing industry approaches to cover not only lending but also capital markets financing.
This better reflects the breadth of our support for clients through our investment bank.
We are setting targets, informed by Paris-aligned benchmark scenarios, to reduce our financed emissions. We also have clear
restrictions on financing certain energy sector activities, including relating to thermal coal, oil sands, fracking and projects in the
Arctic Circle.
We have already used Blue Track TM to assess the financed emissions of our client portfolios in the Energy and Power sectors,
prioritising these two sectors because they are responsible for up to three quarters of all Greenhouse Gas (GHG) emissions globally
and because Barclays has meaningful exposure to them. Therefore, they represented the most appropriate starting place from
which to make a significant difference.
Barclays PLC Annual Report 2021
■'Social and environmental
financing' on pages 68-72
Barclays PLC Climate-related
Financial Disclosures 2021
■ 'Governance' on pages 6-9
■'Metrics and targets' on
pages 42-52
Barclays ESG resource hub
■Barclays ESG Reporting
Framework 2021
■Barclays Sustainable Finance
Framework
■Introducing Blue Track™
Whitepaper
Please provide your bank's conclusion/statement if it has fulfilled the requirements regarding Plans for Target Implementation and Monitoring.
We publish the methodologies we use to measure progress against our targets including clear definitions of key performance indicators, any changes in these definitions, and any rebasing of baselines. These can be accessed on our
ESG resource hub.
11
Barclays PLC
home.barclays/annualreport
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