Barclays PLC

Barclays PLC, a Commercial Banking firm headquartered in GB, reported its most recent carbon emissions for 2025 as follows:

• Scope 1 emissions: Approximately 5,200,000 kg CO2e
• Scope 2 emissions (market-based): Approximately 2,100,000 kg CO2e
• Scope 2 emissions (location-based): Approximately 74,900,000 kg CO2e
• Scope 3 emissions: Approximately 186,100,000 kg CO2e, with significant contributions from business travel (38,100,000 kg CO2e), employee commute (99,800,000 kg CO2e), upstream leased assets (27,800,000 kg CO2e), and fuel and energy-related activities (19,300,000 kg CO2e).

Looking at previous years, in 2024, Scope 1 emissions were around 8,900,000 kg CO2e, Scope 2 location-based emissions were about 84,800,000 kg CO2e, and Scope 3 emissions totalled approximately 177,900,000 kg CO2e. For 2023, Scope 1 emissions were about 15,300,000 kg CO2e, Scope 2 market-based emissions were around 1,600,000 kg CO2e, and Scope 3 emissions were approximately 622,800,000 kg CO2e.

Barclays PLC has set ambitious climate commitments and reduction targets:

• The company aims to achieve net zero emissions across all scopes by 2050, an ambition announced in March 2020.
• For its operations, Barclays PLC targets a 90% absolute reduction in Scope 1 and 2 market-based GHG emissions by the end of 2025, against a 2018 baseline. As of 2025, they reported reducing these emissions by 97% against the 2018 baseline, exceeding their target.
• Barclays also aims for a 50% reduction in Scope 1 and 2 location-based GHG emissions by 2030, against a 2018 baseline. By the end of 2025, these emissions were reduced by 62%.
• The company is committed to reducing its Scope 1 and Scope 2 emissions by 30% from a 2020 baseline by 2030.
• Barclays PLC has been carbon neutral in its operations since 2020 and plans to continue decarbonising to meet its net zero ambition.