Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 432

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 432
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 of damage to the property is also high (the building itself could partially or completely collapse into the sea).

|            | As at 30 September 2024 | As at 30 September 2023 |
| Risk Band  |                Volume % |                Volume % |
| Negligible |                    94.4 |                    94.8 |
| Low        |                     0.0 |                     0.0 |
| Moderate   |                     0.0 |                     0.0 |
| Very High  |                     0.0 |                     0.0 |
| Missing    |                     5.6 |                     5.2 |

Note Data collected from 3rd party source based on one quarter lag, 30 September 2024 closest available dataset. Current and Potential Energy Performance Certificate (EPC): Total Volume of stock (as % of total UK Mortgages portfolio) per EPC rating The transition risk in the UK Mortgages portfolio is assessed via the distribution of Current & Potential EPC ratings across the portfolio. One of the levers to decarbonise the UK housing stock for the UK Government is to tighten energy efficiency requirements. In 2024, the UK Government announced that the minimum EPC rating of rental properties will be raised to EPC C (from EPC E) by 2030. It is anticipated that any tightening of M inimum Energy Efficiency Standards (MEES) will focus initially on buy-to-let properties. Buy-to-Let properties which are privately rented are currently required to have a minimum EPC rating of E. The transition risk identified has the potential to impact the valuation of properties directly, alongside impacting affordability as properties which fall under MEES may no longer be able to be rented out or the landlord may need to pay for retrofitting to be brought up to standard. EPC ratings range from A (most efficient) to G (least efficient). Current & Potential EPC ratings are used as the basis for assessing expected energy costs but do not give a precise picture of emission intensity. The UK Mortgages portfolio is mapped to the Government EPC Register. Properties may not feature on the Government EPC Register as some properties may have never been required to have an EPC rating (not been sold or rented out since 2007), their EPC rating may have expired (EPC ratings are valid for 10 years) or the property may be in Scotland or Northern Ireland (which use separate databases). Whilst Barclays’ proportion of ‘missing EPC ratings