Barclays H1 2023 ESG Investor Presentation
Our strategy and ESG progress
Climate and sustainability
Social
Governance
2 Restrictive policies - other sensitive sectors
Oil sands
Arctic oil & gas
We will not provide financing 1:
o To oil sands exploration and production companies²; or
For the construction of new (i) oil sands exploration, production
and/or processing assets; or (ii) pipelines whose primary use is for
the transportation of crude oil extracted from oil sands
•
No direct³ financing of oil & gas projects in Arctic Circle
•
No financing ¹ to companies primarily engaged in oil & gas exploration
and production operations in Arctic Circle
No financing¹ to ancillary Arctic oil & gas businesses where proceeds
are known to be for supporting new oil and gas exploration,
production or new pipeline transportation projects in the Arctic
Circle
Hydraulic fracturing (Fracking)
Mountain Top Removal (MTR) coal mining
• No direct³ financing of projects involving fracking in UK and Europe
•
•
No financing¹ to companies primarily engaged in fracking activities in
UK and Europe
Enhanced Due Diligence (EDD) and additional requirements applied
to any financing 1 for a company involved in fracking activities outside
UK and Europe
No direct³ financing of MTR projects or developments
EDD applied to financing facilities for clients who practice MTR
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 and World Heritage and Ramsar Wetlands | ¹ Refers to all lending, underwriting, issuance of debt and equity, trade and working capital finance | 2 Oil sands
exploration and production companies are those that majority own (>50%) or operate oil sands exploration, production and processing assets, other than companies that generate less than 10% of revenue from these activities | 3 Refers to project finance or other lending/underwriting where
the use of proceeds is known to be for a particular project |
15 | Barclays H1 2023 ESG Investor Presentation | 27 July 2023
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