Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 69

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 69
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 Indicative number provided to illustrate the number of TPSPs by total addressable spend that have committed to or have science-based targets in place. 9 Assurance findings on our 2018 supply chain baseline identified certain data previously excluded from the initial data set. In addition to this, in 2024 the UK Department for Environment, Food & Rural Affairs (Defra) revised their GHG emissions conversion factors, which Barclays uses to calculate spend-based supply chain emissions. Our supply chain emissions baseline has therefore been recalculated to reflect both points, resulting in an aggregate increase in our 2018 supply chain baseline and therefore improvements in our previously reported supply chain performance for 2023 (previously 28% GHG emissions reduction, now 32% GHG emissions reduction). 10 Campuses include 1 Churchill Place, Radbroke, Northampton, Glasgow, Pune, Whippany, 745 7th Avenue, Dryrock. Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 29 Implementing our Climate Strategy TCFD Strategy Recommendation B | Strategic Pillar 1

Key external factors, dependencies and assumptions Our progress against our net zero operations milestones and targets is likely to be volatile and non-linear, due to our dependencies on broader industry and external factors. For example, dependencies on low-carbon technology developments and their market adoption, electricity grid decarbonisation and key policy and regulatory changes in the markets where we and our TPSPs operate. Our progress may also be impacted by internal management decisions based on key drivers unrelated to climate, for example prudent risk management practices. We will aim to continue to evaluate and evolve our strategic levers of decarbonisation taking into consideration key external factors and internal management decisions. Our approach to operational climate- related data Accurate and meaningful climate-related data1 is central to our net zero operations strategy. The data helps us better identify significant sources and categories of emissions, understand which actions to prioritise to reduce these emissions, and model expected implications of our activities and external factors. Ultimately, the data better informs our strategic decision-making. To date, we have been focusing our efforts on increasing our climate-related data quality and coverage. For example, in 2024: &#8226; through continued TPSP engagements we progressed to having 46% supply chain emissions primary data in comparison to no such data collection in 2018 &#8226; we expanded our operational GHG emissions coverage to include an estimate