Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 276

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 276
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 are Black or Multiracial (referred to as Mixed or multiple ethnic groups in the UK Census) in the UK, and African American/Black, Multiracial, Hispanic/Latinx, Native Alaskan/Native American or Native Hawaiian/Pacific Islander in the US. Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 143Governance Remuneration report (continued)

Climate & sustainability Sustainable and Transition Financing Facilitate $1trn of Sustainable and Transition Financing between 2023 and end of 2030 $94.4bn &#8226; Facilitated $94.4bn of Sustainable and Transition Financing in 2024, up 39% versus 2023, making progress towards our 2030 target. &#8226; Future progress and our ability to meet our target will be dependent on a number of factors and variables outside our control, such as market conditions, policy, laws, regulation, geopolitical developments and stakeholder expectations. On track Reducing our financed emissions Deliver progress on our commitment to align our financing with the goals and timelines of the Paris Climate Agreement: &#8226; For power and upstream energy, we are on track to achieve 2025 targets. &#8226; We recognise that continued focus is required to reduce our financed emissions in line with our commitment to become a net zero bank by 2050. &#8226; Future progress against these targets will likely be non- linear and may be volatile due to the many external dependencies and variables beyond Barclays&#8217; control that may determine the pace of transition and impact our strategy and ability to achieve our targets. On track 30% reduction in power portfolio emissions intensity (Scope 1) by the end of 2025, from a 2020 baseline Power portfolio emissions intensity: 219KgCO2e/ MWh, 30% down versus 2020 15% reduction in upstream energy portfolio absolute emissions (Scope 1, 2 and 3) by the end 2025, from a 2020 baseline Upstream energy portfolio absolute emissions: 41.1MtCO2e, 45% down versus 2020 Reducing our greenhouse gas (GHG) emissions 90% reduction in Scope 1 and 2 GHG emissions by the end of 2025 (market-based, against a 2018 baseline) 95% reduction &#8226; Continued to track ahead of