Climate Change Data

Barclays Private Bank Investment Management

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Aggregate Strategy Level Carbon Data (across All Eligible Assets): 89% lower than the MSCI ACWI.
  • Strategy (Direct Equities) Implied Temperature Rise aligned to a 1.7 degree warming scenario, compared to the MSCI ACWI being aligned to a 2.6 degree warming scenario.
  • 71% of the companies directly held within the Strategy have net zero targets in place. Of these, over half have had targets independently validated by the Science Based Targets Initiative (SBTi).

Social Achievements

  • 100% Whistleblower Protection across direct equity holdings (compared to 97.8% for MSCI ACWI)
  • Positive impacts reported by investee companies (examples provided in the report, such as energy savings from Google Nest thermostats and humanitarian aid from Amazon).

Governance Achievements

  • 0.0% Lack of Board Independence (compared to 9.2% for MSCI ACWI)
  • 0.0% No Women Directors (compared to 1.9% for MSCI ACWI)
  • 50.1% Women Representing at least 30% of Directors (compared to 65.0% for MSCI ACWI)

Climate Goals & Targets

Environmental Challenges

  • Limited company disclosure around product-level revenue contribution to the SDGs.
  • Challenges around accounting for carbon across the capital structure of bonds, and the designated use of proceeds not being reflective of the parent company.
  • Some instruments may not be included in metric reporting due to eligibility or data availability.
Mitigation Strategies
  • Used a pass/fail methodology when determining SDG alignment.
  • Bonds excluded from Equity Carbon Matrix due to challenges in accounting for carbon across the capital structure.
  • Further detailed due diligence carried out if a potential investment breached a threshold for causing significant harm.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs), EU Taxonomy, TCFD

UN Sustainable Development Goals

  • Goal 1
  • Goal 2
  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 10
  • Goal 11
  • Goal 12
  • Goal 13
  • Goal 14
  • Goal 15
  • Goal 16
  • Goal 17

Each sustainable investment aligns to at least one SDG.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Established Responsible Investing and Climate Change Forum; Established Responsible Investing and Sustainability Governance Forum

Climate Goals & Targets

Long-term Goals:
  • Barclays' ambition to be a net zero bank by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: PRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Sustainable strategies aim to invest in entities contributing to at least one UN SDG.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed