Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 60

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 60
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; Potential population migration due to uninhabitable land &#8226; Increase in sea levels and consequent coastal erosion requiring building of new seawall and flood defences &#8226; Rising temperatures resulting in diminished productivity and health issues Example potential impacts &#8226; Increased costs due to damage to facilities and potential devaluation of properties &#8226; Reduced revenue from decreased production capacity &#8226; Increased operating costs and decrease in sales due to unavailability of raw materials and supply chain disruptions &#8226; Reduced revenue from decreased production capacity and early retirement of assets &#8226; Decrease in property values &#8226; Increased costs and insurance for assets in high-risk locations &#8226; Reduced revenue from lower sales and output Expected time horizons S, M, L M, L Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 25 Barclays&#8217; climate strategy (continued)

Building our understanding of nature-related risk Nature-related risks arise from an organisation's dependencies and impacts on nature. These risks can be physical risks and transition risks, which in turn can present financial risks. As part of our work to further build our understanding and management of nature-related dependencies, impacts, risks and opportunities, we applied the Taskforce on Nature- related Financial Disclosures' (TNFD) &#8216;LEAP&#8217; framework to clients in our Barclays Mining and Barclays Europe Power portfolios. This work has drawn on experience from our previous sector heatmap analyses and LEAP assessment of our Food and Agriculture portfolio in the UK and Europe, with the intention of developing a replicable approach for assessing nature at a sector level. Through these assessments Barclays sought to identify the locations of operating sites of in scope Mining and Power clients and their overlap with the Sensitive Locations criteria recommended by the TNFD. For a selection of prioritised impacts such as land use change, water use, air and water pollution, Barclays evaluated the potential severity and likelihood of these impacts occurring at these sites located in Sensitive Locations and assessed the related physical and transition risks in a preliminary exercise using scenario analysis techniques over short and medium-term horizons. We are developing a set of recommendations to enhance our approach to managing nature- related impacts and risks, informed by the LEAP assessment findings. In 2025, we plan to build on our work undertaken in 2024 to conduct a pilot engagement exercise with a selection of in scope Mining and Power clients, to share insights and - where applicable