Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 102

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 102
---
 financing sensitive sectors and areas are set out in our policy statements relating to Forestry and Agricultural Commodities as well as Protected Sensitive sector policies Climate Change Forestry and Agricultural Commodities &#8226; Upstream oil and gas &#8226; Unconventional oil and gas &#8211; Oil sands &#8211; Fracking &#8211; Arctic oil and gas &#8211; Amazon oil and gas &#8211; Ultra-deep water &#8211; Extra heavy oil &#8226; Thermal coal mining &#8226; Thermal coal power &#8226; Biomass &#8226; Timber, pulp and paper &#8226; Palm oil &#8226; Soy &#8226; Beef Areas (previously World Heritage Site and Ramsar Wetlands), with the latter being updated in February 2025. Our Forestry and Agricultural Commodities Statement aims to address the potential deforestation, land conversion and human rights impacts associated with our financing of the forestry and agricultural commodities sectors. We will keep our policies, targets and progress under review in light of the output of both EDD and CTF reviews, the rapidly changing external environment and the need to support governments and clients, in our efforts to meet our ambition of being a net zero bank by 2050. Note: 1 A Protected Area is a clearly defined geographical space, recognised, dedicated and managed, through legal or other effective means, to achieve the long term conservation of nature with associated ecosystem services and cultural values. Source: https://iucn.org/our-work/topic/effective-protected-areas Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 47 Implementing our Climate Strategy (continued) TCFD Strategy Recommendation B | Strategic Pillar 1 Further details can be found at: home.barclays/sustainability/esg-resource-hub/statements-and-policy-positions/

Financing the transition Reaching net zero means finding low- carbon ways of doing necessary activities &#8211; including electricity generation, transport and heating. The world needs to accelerate and scale the supply of renewables and climate tech solutions to reduce reliance on fossil fuels. Barclays is committed to help finance the energy transition and to help do this we set a target to facilitate $1trn of Sustainable and Transition Financing between 2023 and the end of 2030. We are also focused on investing and scaling the climate technologies &#8211; hydrogen, carbon capture, batteries, amongst others - needed