Green and sustainable finance of Barclays worldwide 2018-2023, by region
Over the past years, a number of the world's largest banks have made commitments to contributing towards a more sustainable future. Each bank that made such commitments did so in varying degrees. On a broad scale, these commitments are focused in three main areas covering environment, society and governance and mainly follow the guidelines set out in the 2015 Paris Agreement.
According to the World Resources Institute (WRI), "Barclays PLC committed to facilitating 150 billion British pounds of social and environmental financing by 2025, including funding for sectors such as renewable energy, clean technology, education, affordable housing and national and supranational development institutions." Barclays first set out their financial commitment in 2019, which was to be achieved by the year 2025. In 2021, Barclay's achieved the highest value yet in sustainable financing.
Barclays have actually been publishing their sustainable financing results through a Environmental Social Governance report (ESG) since 2016. Prior to announcing their commitment, the bank has facilitated almost 90 billion British pounds in social and green financing. From 2018 to 2021, the bank distributed the majority of its sustainable funding in the UK, Europe and the Americas. It is important to remember that although the bank only made this commitment in 2019, most banks have in fact been supporting and acting out in many sustainable projects globally for many years as a strategy for sustainable growth.
According to the World Resources Institute (WRI), "Barclays PLC committed to facilitating 150 billion British pounds of social and environmental financing by 2025, including funding for sectors such as renewable energy, clean technology, education, affordable housing and national and supranational development institutions." Barclays first set out their financial commitment in 2019, which was to be achieved by the year 2025. In 2021, Barclay's achieved the highest value yet in sustainable financing.
Barclays have actually been publishing their sustainable financing results through a Environmental Social Governance report (ESG) since 2016. Prior to announcing their commitment, the bank has facilitated almost 90 billion British pounds in social and green financing. From 2018 to 2021, the bank distributed the majority of its sustainable funding in the UK, Europe and the Americas. It is important to remember that although the bank only made this commitment in 2019, most banks have in fact been supporting and acting out in many sustainable projects globally for many years as a strategy for sustainable growth.
