Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 49

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 49
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 to a low-carbon economy. How we performed Our detailed analysis of our sectors and performance is contained within the Climate and Sustainability section from page 35. Notes: 1 For improved accuracy we have updated the heading and metric description of the net zero operations KPIs in comparison to the equivalent section of 2023 Bplc Annual Report. 2 We aim to develop our approach to counterbalance residual emissions as we near 2050, by evaluating latest technology and market practices on carbon credits. 3 In the net zero operations section. a reference to global real estate portfolio includes offices, branches, campuses and data centres within our operational control. Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 19 Our stakeholders (continued) See page 112 for details on Executive Director remuneration linked to these KPIs Please see page 48 for further detail on our target 2024 2023 2022

A strategy for a better financial future Our climate strategy is driven by consideration of relevant risks and opportunities and in alignment with our Purpose: working together for a better financial future for our customers, clients and communities. Barclays&#8217; climate strategy 1 2 3 Achieving net zero operations Reducing our financed emissions Financing the transition Barclays is working to reduce its Scope 1, Scope 2 and Scope 3 operational emissions1 consistent with a 1.5&deg;C aligned pathway, and we plan to counterbalance1 any residual emissions. Barclays is committed to aligning its financing with the goals and timelines of the Paris Agreement, consistent with limiting the increase in global temperatures to 1.5&deg;C. Barclays is helping to provide the green and sustainable finance required to transform the economies, customers and clients we serve. Our strategy is underpinned by the way we assess and manage our exposure to climate-related risk Our ambition is to be a net zero bank by 2050, aligning our financing with the goals and timelines of the Paris Agreement, by achieving net zero operations, reducing our financed emissions and financing the transition. Achieving net zero operations We are committed to achieving net zero operations and have maintained and further progressed on our milestones and targets. We continued to source 100% renewable electricity for our global real estate portfolio ahead of our 2025 target and track ahead of our target of 90% reduction of our Scope 1 and 2 market-based emissions against a 2018 baseline &#