Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:
Sign Up
| Overall Assessment |
Comment |
Score |
| Comprehensive |
Barclays PLC has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company explicitly names specific climate-related policies and public finance mechanisms it has engaged with, such as the "UK Government's Warm Homes Plan," the "Transition Finance Market Review," and consultations like the "EU's Renewed Sustainable Finance Strategy Consultation." Barclays also provides detailed insights into its lobbying mechanisms, including direct engagement with policymakers, trade associations, and bilateral consultations. For example, it mentions engaging with entities like the UK Government's Department for Business, Energy & Industrial Strategy (BEIS), the Financial Conduct Authority (FCA), and the European Commission. Furthermore, Barclays outlines specific outcomes it seeks to achieve, such as advocating for the creation of a dedicated climate tech fund, implementing a National Transition Plan with sector-specific decarbonization pathways, and introducing measures like EPC reform and tax incentives to improve energy efficiency. These disclosures reflect a clear and detailed articulation of the policies, mechanisms, and outcomes associated with its climate lobbying efforts, showcasing a high level of transparency and commitment to influencing climate-related public policy.
|
4
|
| Overall Assessment |
Comment |
Score |
| Strong |
Barclays demonstrates a strong governance process for climate lobbying alignment, supported by detailed oversight structures and monitoring mechanisms. The company explicitly identifies responsible parties for overseeing climate-related issues, including the Group CEO, Group Head of Public Policy & Corporate Responsibility (PPCR), and the Group Head of Sustainability, with updates provided to ExCo on public policy and ESG matters. Committees such as the Climate Risk Committee and Climate Transaction Review Committee play key roles in monitoring climate risks and reputation risks associated with transactions and clients, ensuring alignment with the Paris Agreement goals. Barclays also outlines its approach to trade association lobbying, stating that it will "challenge" positions that do not align with its own and reserves the right to "publicly dissent from a trade association's position" or end its membership if irreconcilable differences arise. Additionally, the company integrates climate-related performance into executive remuneration, with "10% of Executive Director remuneration now tied to our progress in this field," embedding accountability into its governance framework. While the evidence does not mention a comprehensive lobbying audit or review, the detailed governance structure, monitoring mechanisms, and accountability measures indicate strong governance in climate lobbying alignment.
|
3
|