巴克萊集團（Barclays）2019年環境、社會和治理（ESG）報告（英文版）（116頁）.pdf

1、Barclays PLC Environmental Social Governance Report 2019 Barclays is a British universal bank Our Purpose is creating opportunities to rise We support sustainable and inclusive growth by connecting the ideas, innovations and aspirations of our customers and clients to the capital that can bring them

2、 to life. For over 325 years we have funded progress, and today we remain committed to helping to make our world more sustainable, more inclusive and more connected. Our Values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship. FOR OUR CUSTOMERS AND CLIENTS We will h

3、elp them to realise their financial aspirations in line with our values. FOR OUR COLLEAGUES We will empower them to be themselves, motivate and engage them to do their best work, develop them and build their career and support their health and well-being. FOR SOCIETY Our success over the long term i

4、s tied inextricably to the progress of our communities and the preservation of our environment. FOR OUR INVESTORS We will build a strong, diversified and sustainable business that can deliver consistent returns in a way society expects. home.barclays/annualreport Barclays PLC Environmental Social Go

5、vernance Report 2019 01 The Barclays ESG reporting suite Additional reports These can be found at: home.barclays/investor-relations/reports-and- events/annual-reports/ Barclays Annual and Strategic Reports 2019 Barclays 2019 Annual Report and Accounts and its 2019 Strategic Report includes updates o

6、n key ESG issues, such as supporting sustainable growth, our people and culture, and our role in society. Barclays Fair Pay Report 2019 Barclays report on fair pay including the living wage, equal opportunity, equal pay and executive pay. Barclays Pay Gap Report 2019 Barclays gender and ethnicity pa

7、y gap report for all UK employees. Barclays Country Snapshot Report 2019 Overview of Barclays tax contribution country by country. The Environmental Social Governance (ESG) Report provides additional information on key ESG topics and forms part of the Barclays PLC Annual Report suite. We understand

8、our stakeholders needs for different levels and types of information and have therefore integrated extracts of our ESG performance in the Strategic Report and Annual Report. Focused reports are available on tax and colleague pay, and supplementary information is also available via the online reporti

9、ng channels detailed below. ESG Report Inside this report Chairmans introduction 02 Chief Executives introduction 06 Our approach 07 Performance highlights 14 Governance 17 Making growth green, sustainable and inclusive 21 Managing our social and environmental impacts 33 Climate-related financial di

10、sclosures 41 Running a responsible business 67 Our people and culture 81 Investing in our communities 89 Additional disclosures 95 KPMG assurance statement 111 ESG reporting hub This can be accessed at: home.barclays/esg2019 Non-financial reporting index This includes additional information relevant

11、 to ESG investors, suppliers, clients and rating agencies prepared in accordance with the Global Reporting Initiative (GRI) Standards (core option) and with reference to the Sustainability Accounting Standards Boards (SASB) reporting framework. Further online resources include Barclays ESG Reporting

12、 Framework and Impact Eligibility Framework used for social and environmental financing Barclays policy statements Barclays investor ESG presentations Other ESG relevant content including details of Barclays green product suite 02 Barclays PLC Environmental Social Governance Report 2019 home.barclay

13、s/annualreport Dear Shareholders Barclays is an organisation driven by its purpose. Through the way we run our business, we seek to create opportunities for our customers and clients, our colleagues, our investors, and for society more broadly. We believe that we can be a real force for good, and th

14、at includes a responsibility to be open and transparent about our ambitions and our progress. In this document you will find a report on the environmental, social and governance aspects of our business. This relates to the policies and processes that govern the way our business is run, and to the po

15、sitive impact we seek to make on our communities and the preservation of our environment. Climate change Of particular importance, given the climate challenge, you will also find Barclays new climate policy. We have been actively reconsidering our approach since the autumn of 2019, which led to in-d

16、epth discussion at our December Board meeting. Following this renewed focus and extensive dialogue with shareholders and other stakeholders, our commitment now is to play much more of a leading role in tackling climate change. Specifically, Barclays ambition is to become a net zero bank by 2050, acr

17、oss all of our direct and indirect emissions (Scopes 1, 2 and 3), and we are committed to align all of our financing activities with the goals of the Paris Agreement. We are one of the very first banks to make such a commitment, across both lending and financing, and across all sectors. We will star

18、t with our provision of financing to the energy and power sectors, because energy production and use is the largest source of greenhouse gas (GHG) emissions, and we will extend this to our entire portfolio over time. We were one of 30 founding banks of the Principles for Responsible Banking in 2019,

19、 an approach that will align Barclays and its peers with societys goals, as expressed in the Paris Climate Agreement and the United Nations Sustainable Development Goals (SDGs). In practical terms, however, the bank is behind where we would like it to be in addressing the climate challenge. This is

20、largely the nature of our business. Fossil fuel financing has, in the developed economies, been largely undertaken by the investment banks. We are the sixth-largest investment bank in the world and the largest of the Europeans. It is therefore not surprising that we are the sixth-largest financier o

21、f fossil fuels and the most significant of the European- headquartered banks. It is also true that the bank, with many other priorities over the last few years, including its capital strength and operational resilience, has not addressed the climate challenge as fully and as early as we now all wish

22、 had been the case. This is particularly true of our financing for thermal coal, where our historic exposures are higher than we would like, and where we are now introducing new restrictions. In the rest of this letter I would like to summarise the key steps that we will take to address this situati

23、on. We are making a serious statement of ambition now, but the full development of the tools by which we will measure our climate impact, and the targets which we will set to demonstrate improvement, will take time; we expect our first updates on targets to be later this year. Throughout, our approa

24、ch will be positive, authentic and open. We now wish to play a leading role rather than being seen to be dragged along and, at the same time, wish to set meaningful targets and disclose openly our activities. There is also, of course, an important risk dimension to this. The Prudential Regulatory Au

25、thoritys 2019 Supervisory Statement on the financial risks from climate change was an important step in building a more strategic approach across the industry. Alongside other banks, and following the PRAs guidance, we continue to refine our approach to measuring and mitigating these risks. This inc

26、ludes the use of scenario analysis and stress testing, over both a short- and long-term time horizon. Barclays is an organisation driven by its Purpose; for our customers and clients, our colleagues, our investors, and for society more broadly. A force for good in society CHAIRMANS INTRODUCTION Nige

27、l Higgins Chairman Barclays ambition is to become a net zero bank by 2050, and to align all of our financing activities with the goals of the Paris Agreement. home.barclays/annualreport Barclays PLC Environmental Social Governance Report 2019 03 Ambition to achieve net zero and alignment with Paris

28、What does achieving net zero mean for a bank? Barclays already has a plan to be net zero by 2030 in Scope 1 (all direct GHG emissions) and Scope 2 (indirect GHG emissions from the consumption of purchased electricity and heat). This plan is on track. We have halved our operational GHG emissions over

29、 the last two years, through the procurement of green energy, and our residual footprint from our properties and business travel is fully offset, which on some definitions would make us net zero today. We are committed to going further: as a member of the RE100 initiative, we are committed to sourci

30、ng 100% renewable electricity. We are currently at 60%, and are targeting 90% by 2021 and our 100% goal by 2030 at the latest. From a scope 3 perspective, net zero means that the sum of the business activities that we finance around the world contribute to no net emissions in the world. We will stri

31、ve to adjust our financing portfolio to mirror the trajectory in energy emissions required to meet net zero, taking the International Energy Agencys (IEA) Sustainable Development Scenario (SDS) as our starting point. Importantly, this will involve supporting our clients in the energy and power field

32、s through the transition period, as well as being prepared to commit more financing to energy innovation. We will also be adopting a strategy, supported by specific targets, to engage in financing to the energy and power sectors, and eventually all sectors, in a way that aims to be fully aligned wit

33、h meeting the goals of the Paris Agreement. The Paris Agreement seeks to hold the increase in the global average temperature to well below 2C above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5C. These goals imply specific limitations on the amount of carbon that

34、the world can afford to emit in coming years. As a consequence, and with a growing rather than a diminishing demand for energy, not only does the share of renewables in energy sources need to increase dramatically but, in addition, the carbon efficiency of the energy that is produced from non-renewa

35、ble sources needs to be materially improved. For Barclays, this means that our financing activities ought to be consistent with pathways which will enable the planet to meet the goals of Paris. We will need to develop detailed objectives which combine absolute levels of carbon output together with c

36、arbon intensity in order to ensure that we can deliver on our ambition as well as continuing to serve customers and help satisfy the demand for energy in the world. In practice we will seek to: reduce the carbon emissions arising from activities financed by us; for the energy and power sectors this

37、is likely to be in the region of a 30% reduction in CO2 intensity in our power portfolio and a 15% reduction in CO2 intensity in our energy portfolio by the end of 2025; prioritise our lending to companies themselves committed to Paris alignment reduce materially our exposure to the most carbon-inte

38、nsive forms of energy production; re-weight our financing, and ultimately other activities too, to reflect the proportion of energy required by the world from different sources in order to meet the Paris target. In respect of both these ambitions, net zero and Paris alignment, I would like to emphas

39、ise that we will not be satisfied merely with looking at our loan book, as is the practice of many of our peers. Our activities are wider than this and in particular extend to underwriting and distributing debt and equity securities in our debt and equity capital markets businesses. We intend to ali

40、gn these too to our ambitions, notwithstanding the challenges of measurement which I discuss further below. Specific fossil fuel financing activities Barclays has historically been a significant financier of the energy and power industries, although we are a considerably smaller player than our Amer

41、ican peers in fossil fuel financing. Nonetheless, we are committed to a material rebalancing of our activities. We will henceforth undertake no financing of drilling in the Arctic. We will provide no financing for fracking in Europe or the UK, and strengthen our due diligence for US fracking. We wil

42、l commit ourselves to the steady reduction in any thermal coal financing so that we will only provide finance to entities whose thermal coal activities represent less than 30% of revenue by 2025 and less than 10% of revenue by 2030. A residual revenue of 10% will enable us to continue supporting cli

43、ents who are committed to the Paris Goals through their transition where a small, legacy element of their overall portfolio is taking longer to phase out. The emphasis on entities is important as many of our peers set targets at only the group level of their clients, thereby providing greater scope

44、for financing; we look at the actual entity to which we are providing the financing, which is a more restrictive approach. We will not support project finance transactions for the development of greenfield thermal coal mines or to enable the construction or material expansion of coal-fired power sta

45、tions, anywhere in the world. We will also not provide general corporate financing that is specified as being for new or expanded coal mining or coal-fired power plant development. In respect of the oil sands, this is a very small business for us with less than 20m of direct and indirect annual reve

46、nue in 2019, even including a provision of finance to ancillary businesses such as pipelines. This is not a business which we have an ambition to grow materially, but nor are we willing simply to walk away from clients. We will only provide financing to clients who have projects to reduce materially

47、 their overall emissions intensity, and a plan for the company as a whole to have lower emissions intensity than the level of the median global oil producer by the end of the decade. This approach takes into consideration the just transition for the workforce and communities currently dependent on t

48、he oil sands industry in Canada. 04 Barclays PLC Environmental Social Governance Report 2019 home.barclays/annualreport We have been in deep discussions with the government of Canada about this and believe that this position, which it supports, is the right position to adopt and the best way of enab

49、ling our clients which have operations in the oil sands to participate in transition. We are of course aware that this is not as far as some shareholders and other stakeholders would like us to go. However, we need to be mindful also of our commitments to clients and to the wider Canadian economy (we will undertake no oil sands financing at all outside Canada). Barclays commitment to green financing and to renewables present and future Barclays has been active for some time in the provision of both green and sustainable finance in both its UK bank and in the Corporate