Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 141

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 141
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 the key stakeholder groups central to the matters considered and decisions taken. Strategy and business review &#8226; Held regular strategy discussions throughout the year, including dedicated corporate strategy sessions at the September and December Board meetings. &#8226; Reviewed and discussed the 2024 Medium Term Plan (MTP), including macroeconomic variables. &#8226; Reviewed materials for the Investor Update in February and the subsequent investor presentations on UK Corporate Bank (UKCB), Investment Banking and Private Bank and Wealth Management (PBWM). &#8226; Received business reviews throughout the year to understand key risks and opportunities and monitor progress against the targets set in our three-year plan on each of the main business areas - PBWM, Global Markets, US Consumer Bank, Barclays UK, Investment Banking and UKCB. &#8226; Received focused presentations to deepen the Board&#8217;s understanding of matters of Group- wide relevance, such as financial crime risk, reputation risk, cybersecurity risk and controls and operational resilience. &#8226; Considered the entity and location strategy for Barclays Europe. Key decisions &uuml; Approved the re-segmentation of the Group&#8217;s businesses into five focused business divisions. &uuml; Approved the 2024 MTP. &uuml; Confirmed support for the location strategy for Barclays Europe. Strategic transactions &#8226; Evaluated potential strategic opportunities for the Group and received updates on the progress of key strategic transactions across the Group, reflecting our ambition to simplify Barclays and focus on growing key businesses. Key decisions &uuml; In Q1 2024, approved the acquisition of Tesco Bank. &uuml; In Q3 2024, approved the sale of the German consumer finance business. Supporting implementation of strategy &#8226; Received updates on the progress of transformation initiatives to support the delivery of the Group&#8217;s strategy, including in relation to customer journey transformation and automating core processes to drive efficiency. Climate and sustainability strategy &#8226; Received and discussed updates on the Group&#8217;s climate and sustainability strategy through reports from the Board Sustainability Committee, including in relation to the Group&#8217;s sustainable finance strategy, energy strategy and the development of a Transition Plan. &#8226; Received updates on, and considered management&#8217;s engagement with stakeholders on, Barclays&#8217; climate strategy. &#8226; Received a briefing on the external climate reporting landscape. Key decisions &uuml; In early 2024, approved the 2023 Group Modern Sl