Climate Change Data

U.S. Department of Energy

Climate Impact & Sustainability Data (2019, 2020-2035)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:24,276 tCO2e (market based)
Scope 1 Emissions:24,276 tCO2e
Scope 2 Emissions:110,071 tCO2e
Scope 3 Emissions:68,137 tCO2e
Renewable Energy Share:60%
Total Energy Consumption:260,731,000 kWh
Water Consumption:446,000 m3
Waste Generated:10,465 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Human capital, diversity and inclusion
  • Making growth ‘green’, sustainable and inclusive
  • Managing our social and environmental impacts
  • Running a responsible business
  • Investing in our communities

Environmental Achievements

  • Halved operational GHG emissions over the last two years through the procurement of green energy.
  • 60% of operational electricity needs from renewable energy sources.
  • Achieved a 53% reduction in Group emissions against the 2018 baseline through purchase of renewable energy contracts.

Social Achievements

  • Supported over 9,800 colleagues globally to fundraise for their chosen charities, with a total of £17.8m raised.
  • Supported 14,600 colleagues to donate through our Payroll Giving programme, matching a total of £1.1m.
  • LifeSkills programme helped over 10 million people since 2013.
  • Connect with Work helped 66,000 people into work.

Governance Achievements

  • Consolidated and streamlined membership of the BPLC and BBPLC Boards.
  • Barclays PLC Board assumed responsibility for social and environmental matters from the former Board Reputation Committee.
  • Group Executive Committee created the Environment & Social Impact (ESI) Committee.

Climate Goals & Targets

Long-term Goals:
  • Become a net zero bank by 2050 (Scopes 1, 2, and 3).
Medium-term Goals:
  • Achieve 100% renewable electricity by 2030.
  • Provide at least £100bn of Green Finance by 2030.
  • Facilitate £150bn in social and environmental financing by 2025.
Short-term Goals:
  • Reduce water consumption by 25% by 2025.
  • 80% reduction of Scope 1 & 2 emissions by 2025.
  • 90% renewable electricity by 2025.

Environmental Challenges

  • Historically been a significant financier of fossil fuels.
  • Higher than desired historic exposures to thermal coal financing.
  • Lack of industry-wide definition for ‘green’ finance.
  • Tools for measuring GHG emissions from portfolio are not yet complete.
Mitigation Strategies
  • Commitment to become a net zero bank by 2050.
  • Alignment of financing activities with the goals of the Paris Agreement.
  • Introduction of new restrictions on thermal coal financing.
  • Engagement of BlackRock’s Financial Markets Advisory team to develop a broader framework for measuring climate impact.
  • Increased prohibitions on thermal coal financing.
  • No financing for energy projects in the Arctic Circle.
  • Helping to reduce the environmental footprint of oil sands.
  • No financing for EU/UK fracking, and strengthened due diligence for fracking in the rest of the world.
  • Increased green financing to £100bn by 2030.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Barclays Supplier Control Obligations (SCOs)
  • Supplier Code of Conduct (SCoC)

Climate-Related Risks & Opportunities

Physical Risks
  • Increased severity of extreme weather events
  • Longer-term shifts in climate patterns
Transition Risks
  • Regulatory risk
  • Technology risk
  • Legal risk
Opportunities
  • Supporting the transition to a lower-carbon economy
  • Growing green finance activity

Reporting Standards

Frameworks Used: GRI Standards (core option), SASB reporting framework

Certifications: ISO 14001 (20 buildings)

Third-party Assurance: KPMG

UN Sustainable Development Goals

  • Goal 7
  • Goal 8
  • Goal 11
  • Goal 13

Financing of activities supports progress on the SDGs.

Sustainable Products & Innovation

  • Green Home Mortgages
  • Green Loans
  • Green Asset Finance
  • Green Trade Finance
  • Green Infrastructure & Project Finance
  • Green Deposits

Awards & Recognition

  • UK BITC Gender Game Changer Award
  • Working Families Best for Mothers Award
  • Stonewall Top Global Employer for LGBT colleagues

Reporting Period: 2020-2035

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

  • Supply chain resilience
  • Clean energy transition
  • Sustainable materials management

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Supply chain vulnerabilities for critical materials needed for clean energy technologies
  • Bottlenecks at various stages of the value chain (mining, refining, manufacturing)
  • Geopolitical risks and material availability
  • High cost and low yield of SiC wafer manufacturing
Mitigation Strategies
  • Investing in R&D across the entire research continuum and supply chain
  • Diversifying and expanding critical mineral and material supply
  • Developing alternative materials and manufacturing components
  • Improving materials and manufacturing efficiency
  • Promoting a circular economy
  • Implementing cross-cutting functions (criticality assessments, stockpiling, international engagement)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Developing reliable, resilient, affordable, diverse, sustainable, and secure domestic supply chains

Climate-Related Risks & Opportunities

Physical Risks
  • Supply chain disruptions due to climate events
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 9 (Industry, innovation, and infrastructure)
  • Goal 13 (Climate action)

Initiatives contribute to these goals by supporting the clean energy transition, improving materials and manufacturing efficiency, and promoting a circular economy.

Sustainable Products & Innovation

  • Alternative materials, energy-efficient products

Awards & Recognition

  • Not disclosed