Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 52

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 52
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 temperature exceeded 1.5&deg;C3 and real economy emissions and government policies to reduce them remain misaligned with maintaining global warming at a 1.5&deg;C average. Further divergence in the policy environment across the major global economies is likely to exacerbate that trend in 2025. Since we set our first emissions targets in 2020, we have evolved our approach significantly, developing new data sources, tools and products to support our clients. Our climate strategy will continue to evolve as we continue to pursue our ambition of being a net zero bank by 2050 against the shifting and rapidly developing landscape. Additionally, as scientific evidence relating to climate change and information on real world progress towards net zero emerges, we will incorporate this into our thinking and our approach. Our Transition Plan Work is underway on a Transition Plan which will set out in detail the actions we are taking to support the implementation of our climate strategy. The plan will also seek to incorporate our developing thinking on nature and social issues, highlight the key dependencies on our the path towards net zero and hopefully encourage broader support in tackling them. We intend to publish our Transition Plan later this year. Please see the Barclays Climate and Sustainability report from page 20 for further details on Barclays' ambition to be a net zero bank by 2050. Further details on our BlueTrack&#8482; methodology can be found within our Financed Emissions Methodology paper (published in 2024) accessible at: home.barclays/sustainability/esg- resource-hub/reporting-and-disclosures/ Notes: 1 Climate Policy Initiative - Global Landscape of Climate Finance climatepolicyinitiative.org/wp-content/uploads/2024/10/ Global-Landscape-of-Climate-Finance-2024.pdf 2 This saliency assessment was completed for the then Corporate and Investment Bank portfolio in 2023, which in today&#8217;s Group structure equates to the Investment Bank and select parts of the UK Corporate Bank. 3 https://climate.copernicus.eu/copernicus-2024-first-year- exceed-15degc-above-pre-industrial-level#:~:text=The %20monthly%20global%20average%20temperature,2024%2C %20at%2017.16%C2%B0C. Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 21 Barclays&#8217; climate strategy (continued)

Our strategy, selected