Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 321

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 321
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 in relation to sustainability matters. The principal activities of the Board Remuneration Committee include: setting the Barclays Group Remuneration Policy; determining the incentive pool, including consideration of sustainability-related performance measures so these impact pay levels across the workforce; and aligning Executive Director remuneration with strategic priorities, including in relation to sustainability matters. A proportion of both the 2025 annual bonus and 2025-2027 LTIP award for the Executive Directors will be driven by non- financial performance measures, aligned with the Group&#8217;s strategic priorities. Climate / sustainability measures will be shifted fully to the LTIP, as progress towards these targets is expected to be non-linear and is best assessed over a multi-year period. In the 2025-2027 LTIP, the sustainability measures will be included as part of a broader, renamed category of measures relating to Sustainability, customers & clients, weighted at 25%. The Sustainability measures will include Financing the transition, reducing our financed emissions and achieving net zero operations, as well as supporting our communities. Please refer to the Remuneration report from page 112 for further detail on the work of the Board Remuneration Committee. Roles and responsibilities of the Board and Board Committees with respect to climate and sustainability- related matters Roles and responsibilities Board Board Sustainability Committee Board Risk Committee Board Audit Committee Board Remuneration Committee Responsible for the overall leadership of the Group (with direct oversight of strategy, culture and strategic reputational matters relating to the Group). The Board sets the Group&#8217;s strategy, including in respect of climate. Responsible for oversight of climate matters and the Group&#8217;s sustainability agenda (including in relation to nature and human rights). The Committee supports the Board in considering the suitability and monitoring the implementation of the Group&#8217;s climate and sustainability strategy. Responsible for monitoring Principal Risks (including Climate Risk), considering the Group&#8217;s risk appetite and tolerances, along with reviewing the Group&#8217;s risk profile and commissioning, receiving and considering reports on key risk issues. Responsible for overseeing the integrity of the Group's financial disclosures and the effectiveness of the internal control environment. The Committee oversees financial and narrative reporting, which encompasses ESG and climate disclosures within the Annual Report. Responsible for setting the overarching principles and parameters of remuneration policy across the Group. The Committee has responsibility for aligning Executive Director remuneration with strategic priorities, including in relation to climate and sustainability matters. Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays