Our climate strategy
Climate change is a critical and complex challenge. Addressing it is a priority for Barclays.
Our progress
Reduced Scope 1 and 2 location-based emissions by 51% between 2018 and 2023 against our target of 50% by 2030.
Reduced the emissions intensity of our Power portfolio by 26% between 2020 and 2023 against our target of 30% by 2025.
Set a target to deliver $1trn of Sustainable and Transition Financing by the end of 2030, mobilising $123.8bn of Sustainable and Transition Financing as at H1 2024.
Published the Barclays Transition Finance and the Sustainable Finance Frameworks outlining the criteria for inclusion of transition and sustainable finance in the $1trn target.
Facilitated £113.7bn of green financing between 2018 and 2023 exceeding our target to facilitate £100bn of green financing by 2030.
Invested £166m into over 20 innovative climate technology companies as at H1 2024, through our Barclays Climate Ventures mandate to invest up to £500m of our own capital by 2027.
“We continue to deliver on our climate strategy, and are committed to support the transition to a low carbon economy by mobilising sustainable and transition finance, while helping our clients to navigate this important change.”
C.S. Venkatakrishnan, Group Chief Executive
Our journey to net zero
We have been making progress on climate change for a number of years. These are some key milestones on the way to achieving our ambition to be a net zero bank by 2050.
