Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 74

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 74
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 at selected sites, by replacing end- of-life natural gas heating equipment with electric powered alternatives and where possible, investing in electrification as part of our campus redevelopments. For example, at our Henderson corporate office5 we installed an all-electric kitchen, and as part of our Radbroke campus6 redevelopment, we plan to install ground source heat pumps, to further reduce reliance on natural gas and associated Scope 1 emissions. Our approach to renewable energy In 2024, we maintained 100% renewable electricity sourcing for our global real estate portfolio, of which the UK PPA7 contributed to 36% of our sourcing, as it came live in 2024. The remaining instruments used for our 100% renewable electricity sourcing were green tariffs and energy attribute certificates8, contributing to the remaining 64% of our total sourcing. We also continued to build on our on-site renewable electricity capacity in pursuit of our 2035 milestone to have 10 MW on-site renewable electricity capacity installed across our global real estate portfolio. In 2024, we started installing solar panels at our Whippany9 campus, received planning permission from the local council to proceed with solar panel installations at our Radbroke campus and prepared to install solar panels at 1 Churchill Place. Collectively, our global real estate portfolio has maintained 0.40 MW of renewable electricity capacity, we expect this to increase once Whippany, 1 Churchill Place and Radbroke campus installations are complete. We recognise that due to slow permitting processes, inadequate grid infrastructure and challenges with supply chain disruptions, materials availability and market volatility, we may experience longer lead times between initial investments and the deployment of the renewable energy projects. Notes: 1 Data represents reduction from 1 October 2023 to 30 September 2024. 2 1 Churchill Place, Canary Wharf, London, E14 5HP, UK. 3 Barclays Doxford Park, Sunderland, SR3 3XW, UK. 4 For our FY2024 emissions portfolio we have re-categorised a portion of our Scope 2 emissions to Scope 3 Category 8 (Upstream Leased Assets) as these emissions have been identified as outside of our operational control. This has resulted in minor updates to FY2023 reported EUI performance (a change from 228kWh/m2/year to 229 kWh/m2/year). 5 2280 corporate circle, Henderson, Nevada, USA. 6 Radbroke Hall, Knutsford, WA16