Description
Barclays is a British universal bank, diversified by business, types of customers and clients and geography. Barclays businesses include consumer banking and payments operations around the world, as well as a full service, global corporate and investment bank, all of which are supported by a service company which provides technology, operations and functional services across the Group.
In March 2020, Barclays became one of the first banks to set an ambition to become net zero by 2050, across direct and indirect emissions, and committed to align all of their financing activities with the goals and timelines of the Paris Agreement. Barclays has a three-part strategy to turn that ambition into action: achieving net zero operations, reducing financed emissions, and financing the transition. In practice, this means Barclays has set 2030 targets to reduce financed emissions in five of the highest emitting sectors in our financing portfolio, with additional 2025 targets for the two highest-emitting sectors – energy and power. As of the end of 2022, Barclays has provided over £87bn of green financing and is investing £500m of their own capital into innovative, green start-ups.