Reporting and disclosures
Barclays publishes a comprehensive ESG Report in response to specific stakeholder interest in more detailed disclosures on non-financial matters, including material environmental and social topics. The ESG Report provides additional disclosures and acts as a guide to supporting information in other documents in the Annual Report suite.
We believe that comprehensive, robust and comparable disclosures are essential to enabling stakeholders to understand our activity and progress. That is true not just in relation to climate change, but also to broader sustainability and ESG matters.
Barclays was a founding member of the Financial Stability Board’s Taskforce on Climate-related Financial Disclosures. Since the publication of the Taskforce’s final recommendations, in 2017, Barclays has aligned its disclosures to follow the TCFD guidance.
This is Barclay’s third year of reporting with reference to the TCFD. We have significantly increased our disclosures across each of the four overall TCFD categories as well as the 11 underlying recommendations, including specific guidance for banks.
ESG reporting frameworks
More broadly, we have included additional information on a wider range of ESG factors this year, to enable a fuller assessment of our activity. We also report against the framework established by the Sustainability Accounting Standards Board (SASB) for the first time, which seeks to provide a common framework for material sector-specific issues, and we will continue to enhance this in future years.
As a founding member and signatory to the Principles for Responsible Banking (PRB), we will continue to integrate these principles into our business and approach to reporting. We have provided an initial disclosure in line with the PRB’s reporting template set out below. As we are not due to report our progress until 2021, and further guidance on assurance is yet to be issued, our responses have not been within the scope of assurance for 2019. Individual performance metrics have however been subject to limited assurance.
We continue to report with reference to the Global Reporting Initiative (GRI) and provide a separate GRI Index document (PDF 912KB).
Reporting and measurement methodology
We use a variety of tools to track our performance and collect both quantitative and qualitative information. We also aim to maintain a robust internal and external assurance process for our key metrics, with strong controls and data management.
Barclays’ ESG Reporting Framework sets out the definitions and measurement methodology for our key performance metrics in more detail.
We commissioned Sustainalytics, a global provider of ESG and corporate governance research, ratings and analytics, to help develop Barclays’ Impact Eligibility Framework. It provides a process for Barclays to identify positive environmental and social transactions across the organisation, and to track their associated financing volumes.
Investor: All investor materials are available at https://home.barclays/investor-relations/
Country Snapshot: This report provides an overview of our tax contribution by country and also includes a summary of our approach to tax. Read more.
Public Policy Engagement: As part of our transparency commitments, we publish a range of information on our public policy engagement online. Read more
Postcode Lending Data: Barclays is committed to being increasingly transparent with both customers and stakeholders and through the Barclays’ Local Insights report provides in-depth insight on communities across the UK. Read more
Fair Pay: Barclays’ report on fair pay including the living wage, equal opportunity, equal pay and executive pay. Download (PDF)