As always, the Board Remuneration Committee (Committee) has taken a number of important considerations into account when making remuneration decisions in respect of 2021 performance. 

We have looked carefully at Barclays’ financial and non-financial performance, in both absolute and relative terms. We have considered delivery of our strategy, as well as risk and conduct. We have also considered the competitive market for hiring and retaining talent. We have weighed the views and expectations of you as shareholders, of our customers and clients, of our colleagues and of our stakeholders in wider society.

Our Fair Pay agenda continues to underpin all of our remuneration decisions. That means ensuring that we are recognising the contributions of all our colleagues, junior and senior, supporting and paying all colleagues fairly for the work they do. You can read more in our annual Fair Pay Report, published alongside our Annual Report. We have also published our UK pay gap figures and a narrative explaining them.

An extract from the Annual Statement from the Chair of the Board Remuneration Committee is set out below.