Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 110

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 110
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uk-s-transition-finance-efforts-/ Barclays' Transition Finance Framework can be found online in our ESG Resource Hub at: home.barclays/sustainability/esg- resource-hub/reporting-and-disclosures/ Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 51 Implementing our Climate Strategy (continued) TCFD Strategy Recommendation B | Strategic Pillar 1

Barclays Climate Ventures portfolio by Barclays Principal Investments Barclays' Treasury plays a key role in helping Barclays meet its climate goals by allocating, managing and governing its financial resources effectively and executing sustainable principal investments and transactions, supporting businesses to advance strategic climate objectives in the transition to a low- carbon economy. Barclays Climate Ventures In 2024, Sustainable Impact Capital was rebranded to Barclays Climate Ventures (BCV) to better reflect our focus and mandate. BCV has a mandate to invest up to &pound;500m into climate tech start-ups by the end of 2027 with the Barclays Principal Investments team driving the plan towards delivering on the commitment and helping support our clients&#8217; transition to a low- carbon economy. Further examples of our green innovation financing can be found at: home.barclays/sustainability/our-position-on-climate- change/accelerating-the-transition/sustainable-impact- capital/ Our aim is to bridge financing gaps and support the acceleration of solutions to environmental challenges, which may include nature-positive outcomes as with ECOncrete, one of BCV's portfolio companies, delivering high- performance ecological concrete technologies that enhances marine biodiversity. During 2024, we continued to strategically provide support and capital to innovative early- stage climate tech companies pioneering breakthroughs in clean energy technology. We have made meaningful progress towards building a portfolio of strategic investments. &pound;203m of our &pound;500m investment mandate has been deployed since 2020, with &pound;65m invested in 2024 &#8211; up 31% from 2023. We continue to focus on decarbonisation technologies supporting transition within carbon-intensive sectors, particularly where Barclays has meaningful client exposure &#8211; such as Buildings, Energy, Transport, Agriculture and Industry &#8211; including solutions delivering carbon capture, carbon dioxide removal and green hydrogen. Achieved to date &pound;203m Our portfolio of investments since 2020 &pound;m 24 30 35 49 65 n 2020 n