BARCLAYS PLC (BCS)

Barclays PLC is the parent of the Barclays Group, a financial services group that provides lending and financing to customers and clients. Its principal operating entities referenced in the text include Barclays Bank PLC (BBPLC) and Barclays Bank UK PLC (BBUKPLC). The Group states an ambition to be a net zero bank by 2050. It is supporting clients through the transition to a low-carbon economy, and it has developed a sustainable finance strategy for this purpose.

The text mentions an Investment Bank and a Markets business, with the Group Head of Sustainable and Transition Finance reporting jointly to the Global Co-Head of Investment Banking and the Global Head of Markets. Sustainable and transition finance activities include client advisory, product development and standards to support the growth of sustainable finance. Barclays Climate Ventures is a portfolio of principal strategic equity investments overseen by a Principal Investments Equity Committee. Barclays also applies position statements to financing in sensitive sectors: Climate Change, Forestry and Agricultural Commodities, Protected Areas, and the Defence and Security Sector.

Barclays serves customers and clients across sectors including agriculture commodity traders, defence, aerospace and security, infrastructure, manufacturing, metals and mining, oil and gas, paper and forestry, and power and utilities. Clients in sensitive sectors undergo enhanced sustainability due diligence, and the Group carried out 770 client and transaction reviews in 2025 (775 in 2024). Higher-risk relationships or transactions are escalated to business unit review committees and, where material, to the Group Reputation Risk Committee.

Operationally, the Group is managed through a Board and Board committees for sustainability, risk, audit and remuneration, alongside a Group Executive Committee and its sub-committees. Barclays Execution Services supports the Group's operations, including property, procurement, technology and sustainability operations. Risk is managed under an Enterprise Risk Management Framework that treats climate risk and reputation risk as principal risks.