Barclays PLC

Barclays PLC, a prominent commercial banking institution headquartered in the GB, has reported its carbon emissions and established ambitious climate commitments. For the year 2025, Barclays reported a total of approximately 193.3 million kg CO2e. This figure is comprised of approximately 5.2 million kg CO2e for Scope 1 emissions, approximately 2.1 million kg CO2e for Scope 2 market-based emissions, and approximately 186.1 million kg CO2e for Scope 3 emissions. Key contributors to its Scope 3 emissions in 2025 include employee commutes at approximately 99.8 million kg CO2e and business travel at approximately 38.1 million kg CO2e.

Looking at previous years, Barclays reported approximately 263.7 million kg CO2e in total emissions for 2024, with Scope 1 emissions at approximately 8.9 million kg CO2e, Scope 2 emissions at approximately 84.8 million kg CO2e, and Scope 3 emissions at approximately 177.9 million kg CO2e. In 2023, total emissions were approximately 638.1 million kg CO2e, including approximately 15.3 million kg CO2e for Scope 1, approximately 1.6 million kg CO2e for Scope 2 market-based emissions, and approximately 622.8 million kg CO2e for Scope 3 emissions.

Barclays has demonstrated a commitment to significant emissions reductions. Notably, the company achieved a 71% reduction in Scope 1 and 2 emissions against its 2018 baseline by 2020. Furthermore, Barclays has set a target of a 90% absolute reduction in Scope 1 and 2 market-based GHG emissions by 2025, against a 2018 baseline. In fact, as of 2024, they reported already achieving a 95% reduction for Scope 1 and 2 market-based emissions against their 2018 baseline, and a 56% reduction for Scope 1 and 2 location-based emissions by the end of 2024, ahead of their 2030 milestone. The company also aims for a 62% reduction in Scope 1 and 2 location-based emissions by the end of 2025, against a 2018 baseline. Barclays has also announced its ambition to be a net zero bank by 2050, and its operations have been carbon neutral since 2020.