Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 64

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 64
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. In 2024, a new role of Group Head of Sustainable and Transition Finance was created bringing together our Group Sustainability and Sustainable Finance teams under one leadership. This new structure has strengthened the team&#8217;s ability to provide deep expertise, advice and high- quality support to deliver commercial results whilst also meeting the expectations of the communities we serve. See page 170 for more details. Identifying nature-related opportunities Nature-related financing presents future opportunities for the financial sector given the capital requirements to halt and reverse nature loss by 2030 as outlined in the Global Biodiversity Framework. The Framework, adopted at COP15, outlines the biodiversity financing gap, including the role of both public and private capital as an estimated $700bn per year1. As we execute our sustainable finance strategy, we aim to identify opportunities to play a role in supporting the financing of nature. In 2024, we assessed the potential nature opportunities and products that Barclays could target, with a deep dive review of four material sectors for nature: Food, Agriculture, Mining and Power. This found that there are opportunities to support clients and their value chains with the nature-positive transition. In many cases, opportunities arise from helping clients avoid and minimise negative impacts on nature, enhancing their resilience and response to societal and regulatory pressures. Note: 1 cbd.int/doc/c/e6d3/cd1d/daf663719a03902a9b116c34/ cop-15-l-25-en.pdf Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 27 Barclays&#8217; climate strategy (continued)

Achieving net zero operations Although financing activities account for the greatest proportion of our climate impact, we continue to address our operational emissions &#8211; an important factor in meeting our ambition to be a net zero bank by 2050. Decarbonising our operations can have substantial benefits for Barclays including cost savings, greater operational resilience, potential commercial opportunities, and strengthening relationships with clients and Third Party Service Providers (TPSPs)1. Defining net zero operations We define net zero operations as the state in which we will achieve GHG emissions reduction of our Scope 1, Scope 2 and Scope 3 operational emissions2 consistent with a 1.5oC-aligned pathway and we plan to counterbalance3 any residual emissions. We continue to review and enhance our approach as data quality, scientific developments and market practices evolve. Net zero operations strategy Our net zero operations strategy is