Our ambition to be a net zero bank by 2050
We believe that Barclays can make a real contribution to tackling climate change and help accelerate the transition to a low-carbon economy.
It’s our ambition to be a net zero bank by 2050. We’re already net zero emissions from our own operations; our focus now is on reducing the client emissions that we finance. That starts with aligning our financing with the Paris Agreement, across not just lending but our capital markets activity as well.
To help us do that, we’ve built BlueTrack™. It’s how we measure financed emissions, and track them over time against a decreasing ‘carbon limit’ on the activity we finance. It’s also helping us to embed climate impact in our financing decisions. BlueTrack™ builds on and extends existing industry approaches.
Our climate dashboard will show our financed emissions targets over time, and the progress we’re making on our journey to net zero. It also shows how we’re helping to finance a greener economy through our £100bn green financing commmitment.
Why net zero?
As one of the world’s largest banks, with a significant capital markets franchise, Barclays can make a real difference in helping to accelerate the net zero transition.
Our methodology for measuring our financed emissions, and tracking them at a portfolio level against the goals of the Paris Agreement.
Accelerating the transition
Playing our part in accelerating the transition to a low-carbon economy – working with our clients, our peers, and as a member of industry-wide groups.
Our climate dashboard
Showing our ‘carbon limit’ by sector, and tracking our financed emissions against our benchmarks. It also shows our operational emissions performance.