Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 320

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 320
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, the Group Head of Public Policy and Corporate Responsibility and Group Head of Sustainable and Transition Finance also engaged with Board members on matters relating to the Group&#8217;s climate and sustainability strategy. The Board is supported in its work by its Committees, each of which has its own Committee Terms of Reference setting out its remit and decision-making powers. The Chairs of each Committee report regularly on their Committee's work to the Board. Board Sustainability Committee During 2024, the Board Sustainability Committee met five times. It reviewed climate and sustainability updates and proposals prior to Board consideration, received regular progress updates from management in relation to the Group&#8217;s climate and sustainability strategy, as well as internal and external briefings on climate and sustainability matters. In 2024, the Committee continued to monitor progress against targets and also reviewed the development of the Transition Plan. Please refer to the report of the Board Sustainability Committee from page 101 for further detail on the work of this Committee. Board Risk Committee The Board Risk Committee plays an important role in overseeing and challenging the Group's progress towards achieving its climate targets and assessing the impact of climate risks on the overall risk profile and financial position. During 2024, the Board Risk Committee received regular updates on climate risk, including elevated areas of climate risk and progress against sector targets. It also received risk reports from the Head of Climate Risk, including receiving four Climate Risk dashboards during the year, providing the Committee with an update on key climate risk metrics. The Committee received regular updates during the year from the businesses (including BUK and the Investment Bank) on their climate strategy. Please refer to the report of the Board Risk Committee from page 95 for further detail on the work of this Committee. Board Audit Committee The Board Audit Committee provides oversight of the climate and sustainability disclosures within the Group's narrative reporting, seeking views from the Board Sustainability Committee on those disclosures where appropriate. Taking account of the work of the Board Risk Committee's and Board Sustainability Committee's respective assessments of climate change and related political responses, the Board Audit Committee continues to monitor how any related impacts and disclosure recommendations have been considered in preparing the Group&#8217;s financial statements. Please refer to the report of the Board Audit Committee from page 86 for further detail on the work of this Committee. Board Remuneration Committee The Board Remuneration Committee is responsible for setting the overarching principles and parameters of remuneration policy across the Group. The Committee has responsibility for aligning the remuneration of the Executive Directors of Barclays PLC with strategic priorities, including