Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 63

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 63
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 Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 26 Barclays&#8217; climate strategy (continued)

Group sustainable finance strategy In 2023, we developed a roadmap to build a market leading sustainable finance franchise and to deliver on our $1trn financing target between 2023 and 2030 while supporting clients through the energy transition. This work built on the findings of the 2022 market opportunity analysis we completed and considered Barclays' competitive strengths to identify strategic opportunities in sustainable and transition finance where we believe Barclays can differentiate itself and best support our clients and the global economy to accelerate the transition to net zero. The strategy aligns with the climate and environmental themes that were identified when we announced our $1trn Sustainable and Transition Financing target in December 2022 and therefore underpins our plan to deliver on that ambition. Our strategy to deliver on our sustainable finance ambition Three pillars where we can deliver for clients and stakeholders: Support UK net zero Leading climate tech partner Sustainable banking and credit markets &#8226; Deliver for customers and clients through our propositions for Real Estate, SMEs and Agriculture &#8226; Be the leading partner for UK treasurers for sustainable finance and sustainable banking &#8226; Support UK transition projects through advisory and financing solutions &#8226; Facilitate the flow of capital to new and existing technologies critical to the net zero transition &#8226; Develop expertise and infrastructure financing solutions for the deployment of new technologies &#8226; Support climate tech companies across their lifecycle, from idea to IPO and connecting corporate customers to the start-up ecosystem &#8226; Utilise our strength in credit markets to facilitate clients&#8217; transition plans &#8226; Play a leading role in the creation of carbon and nature markets &#8226; Unlock additional sources of capital, including through securitisation, savings and investments In 2024, we continued to execute against this strategy. We have mobilised a cumulative $162.2bn towards our $1trn financing target since the start of 2023, hired experienced talent, launched new products across our businesses and developed new partnerships. Our progress was recognised in 2024 by being awarded the 'Best Bank for ESG in the UK' award by Euromoney for the second year running. In 2024 we evolved our sustainable finance strategy to adapt to internal and external factors, including aligning it to the Group&#8217;s updated strategy, with a refined ambition to be the UK centred leader in Sustainable Finance