Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 76

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 76
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, there are limitations to our reported figure, as 54% of our supply chain emissions are estimated using GHG conversion factors applied to spend, therefore our reported reduction may not directly correlate to actual supply chain emissions decarbonisation. To try to address this limitation, our objective is to continue to work with our TPSPs to seek to increase the volume and quality of our primary data, having by the end of 2024 increased it by 19% from previous year. Enhanced visibility and understanding of our TPSPs' climate-related data will help us to assess our TPSPs&#8217; progress more effectively against our milestones and enhance our TPSP engagements. Supply chain emissions primary and spend-based data 0 10 20 30 40 50 60 70 80 90 100 2024 2023 2018 n Spend* n Primary Data** Notes: * Spend-based method, in other words our calculation is based on the economic value of the goods and services purchased, multiplied by relevant industry average emission factors (Defra) ** Primary (TPSP sourced) data. Integrating climate-related considerations in our TPSP lifecycle Since 2022 we have been integrating climate- related considerations within our TPSP lifecycle, including requirements in our standard contract terms for our TPSPs. These requirements include an obligation for our TPSPs to have an emissions reduction programme in place, supported by a public science-based reduction target and a commitment to achieve net zero GHG emissions no later than the end of 2050. In 2024, we integrated consideration of inclusion of climate-related clauses into our procurement process for all new contracts, contract renewals, extensions and material change notes executed by sourcing managers. We have also included similar climate-related considerations in our Barclays Code of Conduct for Third Party Service Providers. By the end of 2024, 64% of our TPSPs, by addressable spend, had science-based reduction targets in place, nearing our milestone of 70% by the end of 2025. Working together to address our supply chain emissions We continued to invite our TPSPs to disclose their climate-related information such as governance, risk strategy, targets and performance, emissions methodology and data, through CDP. In 2024, 78.5% of our invited TPSPs responded to CDP, an increase from previous year and representing approximately 73% of Barclays' 2024 supply chain emissions. This has enabled us to garner insights on our TPSPs