Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 196

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 196
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8226; support the Board in monitoring the implementation of the Group&#8217;s climate and sustainability strategy &#8226; review and make recommendations to the Board on the suitability of the Group&#8217;s climate and sustainability strategy, position statements, frameworks, ambitions, metrics, and targets &#8226; report to the Board on the climate and sustainability matters for which it is responsible, escalating issues and making recommendations to the Board where appropriate. The Committee&#8217;s terms of reference are available at home.barclays/who-we-are/ our-governance/board-committees/ Primary activities The Committee&#8217;s key areas of focus in 2024 are outlined below. Climate and sustainability strategy The Committee: &#8226; Oversaw developments in our Sustainable Finance Strategy, which saw continued progress toward our Sustainable and Transition Financing target. &#8226; Reviewed the strategic considerations emerging from the development of the Transition Plan. &#8226; Examined the potential market barriers in relation to client transitions, and policy changes required to enable a better client transition aligned to a goal of 1.5C. &#8226; Received updates on the energy related sections of Barclays&#8217; Climate Change Statement, including the planned updates to that statement and the impact of those updates. &#8226; Received updates from management on opportunities to make further progress on achieving 2030 financed emissions targets, considering financial impacts, risks and actions required for real world transition. Investor feedback The Committee considered investor feedback and the perspectives of both our institutional investors as well as our retail shareholder base. During the year, members of the Committee engaged with institutional investors on climate-related matters, helping inform the development of our climate strategy. Human rights The Committee: &#8226; Recommended an updated Barclays Group Statement on Human Rights to the Board for approval, outlining our commitment and approach to respecting human rights. &#8226; Received an external briefing on business, human rights and the financial sector to support the Committee&#8217;s understanding of relevant frameworks and responsibilities. &#8226; Received an update on the establishment of a Group-wide human rights programme and plans to make progress in key areas across the Group. Areas of focus Conclusion/action taken Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 103Governance Directors&#8217; report: Board Sustainability Committee report (continued) See the Board Audit Committee report from page 86. See the Board Risk Committee report from page 95.