Barclays H1 2023 ESG Investor Presentation
FY22: Selected targets and policies and new announcements against them
1
Achieving net
zero
operations
2
Reducing our
financed
emissions
3
Financing the
transition
•
Previously announced target/policy
Energy: Source 100% renewable electricity for our global real
estate portfolio by end of 2025
GHG emissions: -90% reduction in Scope 1 and 2 (market-based)
GHG emissions vs. 2018 baseline
n/a
n/a
Coal-fired power generation: 2030 phase out of financing to
clients engaged in² coal-fired power generation in the UK and EU,
2035 for the rest of the world (incl. USA)
⚫ Oil sands policy: Only provide financing to oil sands exploration and
production clients who have projects to reduce materially their
overall emissions intensity, and a plan for the company as a whole
to have lower emissions intensity than the level of the median
global oil producer by the end of the decade
Sustainable financing: Facilitate £150bn of social, environmental
and sustainability-linked financing (2018-2025)
Sustainable Impact Capital: Invest up to £175m of Barclays' own
capital in environmentally-focused early-stage companies by 2025
FY22 announcement
Energy: New milestones of 115kWh/m² per year average energy use intensity
across our corporate offices by the end of 2035 and 10MW on-site renewable
electricity capacity installed across our global real estate portfolio by the end of
2035
⚫ GHG emissions: New milestones of -50% reduction in GHG supply chain
emissions by end 2030 and -90% by end 2050 vs. 2018 baseline and 90% of
suppliers¹ to have science-based GHG emissions reduction targets in place by
end 2030
•
Automotive manufacturing: 2030 target of -40% to -64% reduction in CO₂e
emissions intensity vs. 2022 baseline (Scopes 1, 2 and 3)
⚫ Residential Real Estate: 2030 convergence point of -40% reduction in CO₂e
emissions intensity vs. 2022 baseline (Scopes 1 and 2)
•
°
Coal-fired power generation: 2030 phase out of financing to clients engaged
in² coal-fired power generation in the EU and OECD, 2035 for the rest of the
world
Oil sands policy³: Will not provide financing4:
o To oil sands exploration and production companies 5; or
o 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
Sustainable financing: Facilitate $1tn of Sustainable and Transition financing
between 2023 and end of 2030
⚫ Sustainable Impact Capital: Increase investment of Barclays' capital in global
climate tech start-ups to £500m by the end of 2027
1 By Barclays' addressable spend, defined as external costs incurred by Barclays in the normal course of business where Procurement has influence over where the spend is placed | 2A client is "engaged in" if it generates >5% of its revenue from the activity | 3 With effect from 1 July 2023 |
4 Refers to all lending, underwriting, issuance of debt and equity, trade and working capital finance | 5 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 |
35 | Barclays H1 2023 ESG Investor Presentation | 27 July 2023
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