Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 331

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 331
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 Review existing sustainability policies and EDD and work to integrate salient issues &#8226; Evolve our approach to engaging with clients when responding to salient issues Support a transition to a low-carbon economy which accounts for the social risks as well as the opportunities &#8226; Work to consider just transition in our Transition Plan and Client Transition Framework &#8226; Continue engagement to help shape the way just transition is defined and implemented in practice Develop our approach to remedy &#8226; Explore approach to remedy in engagement with clients Corporate culture Beyond the work to establish capacity building as a core pillar of the Human Rights Programme, tangible steps were taken during 2024 to help build colleagues' understanding around human rights. Notably, senior stakeholders and decision- making committees within the organisation, including the Board Sustainability Committee, received external training on business, human rights and the financial sector to support their understanding of relevant frameworks and responsibilities. A broader awareness campaign was also run internally during 2024, including materials focused on how human rights risks could materialise across the Group's operations and value chain, and how certain colleagues may seek to identify and manage these risks. Existing mandatory training modules for certain colleagues were updated to include new content on human rights. We have also integrated content on social considerations into new training modules relating to sustainable finance to be rolled out in 2025 . Saliency assessments One of the key pillars of work within the remit of Barclays' Human Rights Programme focuses on the assessment of human rights risk across the broader Group, beyond the corporate and investment bank financing portfolios. Work has already been undertaken to upskill relevant colleagues across the Group in human rights risk assessment with the aim of initiating further assessments in 2025. To further support this work, a cross- functional working group was convened as part of the Human Rights Programme to collectively agree on a definition of human rights risk for the Group. This work aimed to develop a collective internal understanding of human rights risk and leverage this definition to support the evolution of our approach to risk management. Barclays also extended its approach to saliency assessments, during the first half of 2024, the Procurement team worked with Shift, a non-profit and leading centre of expertise on business and human rights, to identify and prioritise the potential salient human rights impacts within our supply chain. For more information on the supply chain saliency assessment, see page 175. Policies and enhanced due diligence Barclays' Human Rights Programme also aims to consider the way in which human rights risks are managed across the Group through our