Barclays

InfluenceMap Score
D+
Performance Band
61%
Organisation Score
45%
Relationship Score
Sector:
Financials
Head​quarters:
London, United Kingdom
Official Web Site:
Wikipedia:

Barclays appears to have had limited but broadly positive engagement on sustainable finance policy. Barclays has stated support for the Paris Agreement and the role for finance in meeting the UK’s net-zero by 2050 target, as well as high-level support for green finance policy.

In feedback to the European Commission's consultation on the Renewed Sustainable Finance Strategy in 2020, Barclays stated support for the expansion of the EU taxonomy to cover environmentally harmful activities. However, in its 2021 CDP response, Barclays argued that the UK taxonomy should be “more principles based and more inclusive of transition activities”.

In response to the Commission in 2020, Barclays also suggested mandatory implementation of TCFD disclosures. In responses to UK’s Financial Conduct Authority and Department for Business, Energy and Industrial Strategy, Barclays further supported regulatory implementation of TCFD disclosures on a ‘comply or explain’ basis by listed issuers, as well as by publicly quoted companies, large private companies and LLPs.

In response to the Commission in 2020, Barclays also supported verification regulation of EU Green Bonds and an ESG label for investment funds, however, it does not appear to support a legislative approach to the EU Ecolabel.

Barclays has a dedicated Public Policy Engagement section on its website featuring clear disclosure detailing its advocacy efforts, although not specifically regarding sustainable finance issues. It has also listed its trade association memberships in the same website, and has detailed actions taken when positions of third party organizations do not align with the company's climate change policy in its 2021 Climate-related Financial Disclosures report.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
41%
 
41%
 
48%
 
48%
 
53%
 
53%
 
53%
 
53%
 
37%
 
37%
 
58%
 
58%
 
11%
 
11%
 
56%
 
56%
 
46%
 
46%
 
42%
 
42%
 
42%
 
42%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.