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 market-based emissions by 95%¹ as at end of 2024, ahead of our 2025 target. Sourced 100% renewable electricity for our global real estate portfolio since 2022.
Reduced the emissions intensity of our Power portfolio by 30% between 2020 and 2024, against our target of 30% by 2025.
Reduced the absolute financed emissions of our Upstream Energy portfolio by 45% between 2020 and 2024, against our target of 15% by 2025.
Mobilised $162.2bn of Sustainable and Transition Financing as at the end of 2024, as part of our target to facilitate $1trn Sustainable and Transition Financing by the end of 2030.
Published the Barclays Transition Finance and the Sustainable Finance Frameworks outlining the criteria for inclusion of transition and sustainable finance in $1trn target.
Invested £203m into over 20 innovative climate technology companies as at the end of 2024, through our Barclays Climate Ventures mandate to invest up to £500m of our own capital by the end of 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."
Group Chief Executive, C.S. Venkatakrishnan
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.
