Barclays H1 2023 ESG Investor Presentation
Our strategy and ESG progress
Climate and sustainability
Social
Governance
2 BlueTrack TM is how we measure our financed emissions
Blue Track TM is our methodology for measuring and tracking our financed emissions
at a portfolio level against the goals of the Paris Agreement as outlined in our Blue Track™ Whitepaper
1. Select
2. Measure
sector
3. Link
emissions to
financing
benchmark
client
emissions
4. Aggregate
to portfolio
level
•
•
Methodology covers not only lending but also capital markets
financing, better reflecting the breadth of our support for clients
through our investment bank
Covers Energy, Power, Cement and Steel. Extended assessment to
cover two new sectors in 2022
• 2025 Energy absolute emissions reduction target
5. Compare financed emissions to benchmark
Financed emissions metrics
Sector
Setting our targets
Monitoring our progress to 2022
Absolute
Sector
Sector boundaries
Emissions
scope
Reference
Target Baseline
GHG included
Target vs. baseline
scenario
metric¹ year
Cumulative
change¹
Physical
emissions
intensity¹
(MtCO2e)¹
Energy
Upstream Energy
1, 2 and 3
CO2 and methane
Power
Power generators
1
CO₂
IEA SDS
IEA NZE2050
IEA SDS
IEA NZE2050
Cement
Cement manufacturers
1 and 2
All GHGs
IEA NZE2050
Steel
Automotive
Steel manufacturers
1 and 2
Manufacturing
Light Duty Vehicles
manufacturers
1, 2 and 3
Residential Real UK buy-to-let and owner
Estate
1 and 2
occupied mortgages
All GHGs
Scope 1 and 2: all
GHGs, Scope 3: CO₂
CO2, methane and
nitrous oxide
IEA NZE2050
IEA NZE2050
CCC BNZ
baseline
-40% by end 2030
32.94
kgCO₂e/m²
A 2022 data re-produced from the Barclays PLC Annual Report where selected ESG metrics marked with the symbol A were subject to KPMG Independent Limited Assurance under ISAE (UK) 3000 and ISAE3410. Refer to the ESG Resource Hub for further details:
home.barclays/sustainability/esg-resource-hub/reporting-and-disclosures/|1 Targets and progress for Energy are based on absolute emissions. Targets and progress for Power, Cement, Steel, Automotive Manufacturing and Residential Real Estate are based on physical intensity |
Absolute
emissions
Physical
intensity
Physical
intensity
Physical
intensity
Physical
intensity
Physical
intensity
2020
2020
-15% by end 2025
-40% by end 2030
-30% by end 2025
-50% to -69% by end 2030
-32%
51.7A
59.6
gCO₂e/MJ
-9%
29.2
302A
kgCO₂e/MWh
0.610A
2021
-20% to -26% by end 2030
-2%
0.7
tCO₂e/t
1.7324
2021
-20% to -40% by end 2030
-11%
1.6
tCO2e/t
167.24
2022
-40% to -64% by end 2030 New sector
Convergence point vs.
6.2
gCO₂e/km
2022
New sector
1.5
12 | Barclays H1 2023 ESG Investor Presentation | 27 July 2023
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