Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 204

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 204
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 real estate's energy efficiency through our energy optimisation programme, and by our progress with our company cars electrification. These measures build on those taken during 2023 to implement our net zero operations strategy. Further information is available on page 186 of the Barclays PLC Annual Report 2023. Also, an external contributor to our Scope 2 location-based emissions reduction was the decarbonisation of some of the electricity grids in the countries in which we have operational presence. In 2024 we continued to source 100% renewable electricity6 for our global real estate portfolio ahead of our 2025 year end target and continued to track ahead of our target of 90% absolute reduction of our Scope 1 and 2 market-based emissions against 2018 baseline &#8211; reducing these emissions by 95%. Our focus on renewable electricity sourcing helped us maintain this target performance. Our progress against our net zero operations milestones and targets is likely to be volatile and non-linear, due to our dependencies on broader industry and external factors. For example, dependencies on low-carbon technology developments and their market adoption, electricity grid decarbonisation as well as key policy and regulatory changes in the markets where we and our TPSPs operate. Our progress may also be impacted by internal management decisions based on key drivers unrelated to climate, for example prudent risk management practices. We will aim to continue to evaluate and evolve our strategic levers of decarbonisation taking into consideration key external factors and internal management decisions. We have disclosed global GHG emissions and energy use data as required by the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008. . We also provide insights on our annual waste production, energy, water consumption and renewable electricity consumption by region. For further information about Barclays&#8217; net zero operations strategy, see page 74 of the Barclays PLC Annual Report 2024. Notes: 1 TPSP means any entity that has entered an arrangement with Barclays in order to provide business functions, activities, goods and/or services to Barclays 2 In this section, a reference to a 'milestone' denotes an indicator we are working towards and report against. 3 In this section, a reference to a &#8220;target&#8221; denotes an indicator linked to our executive remuneration. 4 In this section a reference to global real estate portfolio includes offices, branches, campuses and data centres within our operational control. 5 In this section when referencing right-sizing, we are exercising opportunities through lease events or