Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 87

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 87
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 re-baselined metrics for these sectors. Within Cement, we have included an additional client in the portfolio baseline. Since the overall impact of this addition was not material (<1%), we have not restated the past period progress, instead reflecting the progress in 2024. Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 38 Implementing our Climate Strategy (continued) TCFD Strategy Recommendation B | Strategic Pillar 1

Our approach to reporting financed emissions data Scenario Our approach Error identified in our internal finance data or methodology Restatement &#8226; Financed emissions metrics for all years impacted by the error will be recalculated including the baseline year &#8226; If the impact to portfolio progress over the reporting period is less than 5 percentage points (pp) we will reflect the updated progress in the current reporting period and update the baseline. If the impact is greater than 5pp we will restate prior progress. Changes to our methodology and/or data sources to calculate financed emissions (for example, including additional GHGs) Re-baseline &#8226; The updated methodology will be applied from the start of the current reporting period &#8226; The last reported financed emissions spot metric will be recalculated using the new methodology/data source to provide the new baseline. This will ensure consistency of data and methodology when calculating our performance &#8226; The recalculated baseline and the progress achieved to date will be used to disclose the theoretical baseline for the year in which the targets were originally set &#8226; The cumulative progress will be for the current reporting period (using the new methodology) and the progress up until the last reporting period (using the old methodology). Updates to external counterparty data driven by timing lags when data is reported (for example, counterparty valuations or emissions estimates) Capture in-year &#8226; The impact of updated external data will be included in the current period financed emissions data and the progress metric for the current reporting period &#8226; Data lags are inherent to the process and Barclays will endeavour to use the latest available data . Historically reported metrics will not be updated for data lags. Financed emissions in scope of our targets Our targets We set our initial targets for our Upstream Energy1 and Power portfolios in 2020, and since then have expanded the scope of sectors covered under a target to also include Cement, Steel, Automotive manufacturing, Aviation, UK Commercial Real Estate and UK Agriculture. We have