Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 195

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 195
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 how we best address the complex issue of climate change whilst supporting a successful and growing economy with secure and affordable energy. We expect further divergence in the policy environment across the US, Europe and the UK and will carefully consider the implications for our clients and our own business and strategy in how we develop our approach in each region. We continue to see a significant ongoing opportunity for Barclays to demonstrate its commercial leadership and support for its clients in the transition to a low-carbon economy. We will continue to regularly liaise with our external stakeholders, following valuable and constructive engagements in 2024, to explain how we can work towards successfully achieving our sustainability goals while managing the impact of the energy transition. The Committee is looking forward to continuing to oversee the work towards achieving our ambition to become a net zero bank by 2050. Nigel Higgins Chair, Board Sustainability Committee 12 February 2025 Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 102Governance Directors&#8217; report: Board Sustainability Committee report (continued)

The role of the Board and Board Committees in the oversight of climate and sustainability matters Board Sets and oversees the Group's climate and sustainability strategy, including sustainable finance strategy, energy transition and transition planning. Board Audit Committee Board Risk Committee Board Sustainability Committee Board Remuneration Committee Considers the impact of climate on the Group&#8217;s financial statements and reviews key climate- related disclosures. Oversees Barclays&#8217; progress in its climate risk management approach, including a focus on developing quantitative risk appetites. Supports the Board in its oversight of policies, setting targets, and implementation of the Client Transition Framework. Sets climate-related targets for executive management. Committee composition and meetings In 2024, the Committee met five times, with no ad hoc meetings and attendance by members at these meetings is shown on page 101. Committee meetings in 2024 were also attended by representatives from management, including the Head of Public Policy and Corporate Responsibility, the Group Head of Sustainability, the Group Head of Sustainable and Transition Finance, and the Head of Legal, Public Policy and Corporate Responsibility. Role of the Committee The role of the Committee is to provide oversight of climate matters and the sustainability agenda, and in particular to: &#8226; support and advise the Board on its oversight of climate and sustainability matters relating to (i) the services and products provided to Barclays&#8217; clients and customers, (ii) particular sectors, and (iii) its own corporate activities &#