Barclays PLC Sustainability Profile
Barclays PLC, a leading global financial services provider, is headquartered in London, GB. Founded in 1690, Barclays has evolved into a prominent player in the banking industry, offering a diverse range of services across retail banking, investment banking, and wealth management. With a strong presence in key markets including the UK, the US, and Europe, Barclays is renowned for its innovative financial solutions and commitment to customer service. The company’s core offerings include personal banking, corporate banking, and investment services, distinguished by their focus on technology and sustainability. Barclays has achieved notable milestones, such as being one of the first banks to introduce online banking. As a major player in the financial sector, Barclays continues to enhance its market position through strategic initiatives and a robust digital platform, making it a trusted choice for millions of customers worldwide.
DitchCarbon Score
How does Barclays PLC's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Barclays PLC's score of 66 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Barclays PLC's reported carbon emissions
In 2024, Barclays PLC reported total carbon emissions of approximately 124,900,000 kg CO2e in Great Britain, with emissions distributed across various scopes: 3,600,000 kg CO2e from Scope 1, 32,000,000 kg CO2e from Scope 2 (location-based), and 89,300,000 kg CO2e from Scope 3. The bank's global emissions for the same year were significantly higher, totalling about 584,800,000 kg CO2e, with Scope 1 emissions at 8,900,000 kg CO2e, Scope 2 at 1,800,000 kg CO2e (market-based), and Scope 3 emissions dominating at 584,800,000 kg CO2e. Barclays has set ambitious climate commitments, aiming for a 90% reduction in Scope 1 and 2 emissions by 2025, using a 2018 baseline. The bank achieved a remarkable 91% reduction in these emissions by the end of 2022. Furthermore, Barclays has been carbon neutral in its operations since 2020 and is committed to achieving net zero emissions across all scopes by 2050. The bank's reduction initiatives include a target to reduce Scope 2 emissions by 30% from a 2020 baseline by 2030. These commitments align with the Science Based Targets initiative (SBTi) and reflect Barclays' dedication to addressing climate change and reducing its carbon footprint.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 29,144,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - | 00,000,000 | 0,000,000 |
| Scope 2 | 342,012,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | 0,000,000 | 0,000,000 |
| Scope 3 | 93,989,000 | 00,000,000 | 00,000,000 | 000,000,000 | - | - | - | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Barclays PLC's Industry?
How Carbon Intensive is Barclays PLC's Location?
Barclays PLC's Scope 3 Categories Breakdown
Barclays PLC's Scope 3 emissions, which decreased by 6% last year and increased by approximately 522% since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 16% of Scope 3 emissions.
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Barclays PLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Barclays PLC has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
