Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 98

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 98
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 point', but have not set a formal target at this time. We have made strong progress against our EPC ambition for 55% of in- scope properties and collateral with a known EPC to be rated band C or better by 2030, achieving 49.7% by the end of 2024. EPC&#9;ratings of properties and collateral in scope of EPC ambition 2024 total: 746,715 16,963 88,554 266,976 235,025 133,056 3,408 2,734 n EPC rating G n EPC rating F n EPC rating E n EPC rating D n EPC rating C n EPC rating B n EPC rating A 49.7% of properties and collateral rated A-C of available EPCs Future target progress Our progress towards our targets will be influenced by a wide range of external factors including shifts in capital markets, changes in client financing needs, and the need to support energy security and an orderly transition. Our progress will likely remain volatile and non-linear and will be affected by the complexity and significant uncertainties around the transition to a low-carbon economy as outlined in further detail in 'Implementing our strategy against a Shifting Landscape' on page 21 and by the examples outlined above in relation to specific financed emissions targets (including in relation to particular portfolio sensitivities such as those relevant to Cement and Steel). In addition, the data available to us continues to develop and as new information becomes available, we may need to update our approach. We continue to manage our portfolios, balancing between our commercial goals, risk management and other non-financial objectives in support of our strategy. As part of this we take into account our relevant climate-related risks and considerations, including how our portfolios are performing against our financed emissions targets so this can be evaluated in context alongside other relevant business metrics. We monitor our performance against our targets on a regular basis. Where we identify targets are potentially at risk of being missed &#8211; particularly as target dates draw nearer and the opportunities for us to take management actions narrow &#8211; we will continue to reassess our approach, taking into account broader business considerations including potential franchise impacts. Further details of how climate risk-related considerations are managed can be found in the managing impacts in lending and financing section on page 172. Notes: 1 EPC ambition scope does not currently include Private Bank due to EPC data reporting limitations. 2 Metric based on number of properties and collateral in