Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 402

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 402
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, Barclays continues to implement new processes, tools, models and data repository as applicable, whilst also enhancing its existing ones the Group regularly reviews its approach and practices for alignment with regulatory developments and leading practices for climate risk. Organisation, roles and responsibilities The Group Head of Climate Risk is the Principal Risk owner accountable for the management and oversight of the climate risk profile. The Group Head of Climate Risk reports directly to Group CRO. On behalf of the Board, the BRC reviews and approves the Group's approach to managing climate risk.

| Governance                 | Board Risk Committee (BRC)                              |                                     | Board SustainabilityCommittee (BSC)                                     |
| Group Risk Committee (GRC) |                                                         | Group SustainabilityCommittee (GSC) |                                                                         |
| Risk                       | Credit, market, treasury &capital and operational risks |                                     | Sustainability matters andreputation risk associated withclimate change |

The Group Risk Committee (GRC) is the most senior executive body responsible for reviewing and challenging risk practices for climate. To support the oversight of Barclays' climate risk profile, a Climate Risk Committee (CRC) has been established as a sub-committee of the GRC. The Group Head of Climate Risk is the Chair of the CRC. Any material issues are escalated by the CRC to the GRC, and the GRC subsequently escalates to the BRC as appropriate. A control environment for Climate Risk has been established in alignment with Barclays' Control Framework. The Climate Risk Control Forum (CRCF) oversees the implementation and operation of the Barclays Control Framework, including reviewing risk events, policy and issues management. Additionally, Climate Risk assurance groups are responsible for performing climate risk specific reviews to support the embedding of the Climate Risk Framework. Entity Heads of Climate Risk have been appointed across key Barclays legal entities, namely Barclays Bank UK (BBUK) PLC, Barclays Bank (BB) PLC, Barclays Bank Ireland (BBI) PLC, and the US Intermediate Holding Company (US IHC). Reputation risk driven by climate change is managed by the reputation risk principal risk.

| Strategy                              | Shareholderinformation | Climate andsustainability report | Governance |     | Riskreview | Financialreview | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 210 |
| Principal risk management (continued) |                        |                                  |            |     |            |                 |                     |     |                                            |     |

Risk appetite Barclays' approach to setting risk appetite for climate risk is aligned with its ambition to be a net zero bank by 2050 and