Strategic Shareholder Climate and Risk Financial Financial Barclays PLC 228 report information sustainability report Governance review review statements Annual Report 2022 Remuneration report (continued) Measure Criteria Performance Outcome Society 5.0% Social, environmental and Facilitate £150bn • On a cumulative basis, a total of £247.6bn of social, environmental and sustainability-linked over 2018-2025 sustainability-linked financing facilitated between 2018 and the end of financing 2022, exceeding the 2025 target • In December 2022, we announced a new target to facilitate $1trn of Sustainable and Transition Financing between 2023 and the end of 2030 GHG emissions reduction in GHG scope 1 and • GHG scope 1 and 2 emissions (market-based) reduced each year of our operations and 2 emissions the performance period. Achieved our target in 2022, three years renewable energy usage (market-based) ahead of target reduced by 90% by • Significant increase in renewable electricity use over the period, with 2025 100% of electricity now coming from renewable sources Renewable electricity to 100% by 2025 LifeSkills Upskill 10 million • 12.6m people upskilled between 2018 and 2022, exceeding aspiration people from of helping 10m people by 2022 2018-2022 • LifeSkills - placed into work target also exceeded, with more than Place 250,000 270,600 people placed into work since 2019 people into work from 2019-2022 Overall Strategic non-financial outcome for the 2020-2022 LTIP 12.0% The Committee was satisfied that the level of vesting appropriately reflected the underlying financial health of the Group, and accordingly determined that the award should vest at 70.0% of the maximum number of shares under the total award, to be released in five equal tranches annually, starting from March 2023. After release, the shares are subject to an additional 12-month holding period. The 2020-2022 LTIP award was granted in line with our usual annual timetable, in early March 2020. This coincided with the start of a period of particularly high market volatility, as the start of the COVID-19 pandemic unfolded, and meant that the share price at grant (124.46p) was 22% lower than the share price at the time of the prior year LTIP grant. The Committee recognised that awards made in periods of unusual share price volatility have the potential to give rise to 'windfall gains' related solely to the timing of the grant rather than the underlying performance of the business. They carefully considered a range of analyses in advance of determining the vesting of the award, based on which they concluded that the value vesting appropriately reflected corporate performance over the performance period and did not represent a windfall gain. This included consideration of the following: • The 22% fall in the Barclays share price between successive grants was not in itself unusual. The Barclays share price has moved by 20% or more several times over the past ten years and so a year-on-year movement of this kind is not exceptional. • The timing of the grant was in line with the usual annual process and this LTIP award was not granted at the bottom of the market. The share price (and the value of the LTIP awards) dropped by a further third over the following weeks, to less than 80.24p. By the end of the performance period, the share price had increased to 158.52p. While this corresponds to share price growth of 28% per annum from the low point, from the share price at grant it corresponds to share price growth of 9% per annum. The Committee concluded that this is within the range of share price movements that might be expected over an LTIP cycle. • Furthermore, the Committee considers Barclays’ overall share price increase over the performance period since grant to have been commensurate with the improvement in underlying corporate performance. For example, Group RoTE was 10.4% for 2022, a exceeding the Group’s medium-term target for the second successive year, up from 9% in 2019 (the financial year immediately prior to grant) and building on the RoTE progression in 2017 through 2019. As a result, the Committee concluded that there is no windfall gain and that therefore no adjustment was required. 6) Reduction of unvested awards As set out earlier in the Remuneration report, the 2021 financial statements were restated in 2022 to include a £220m provision and a contingent liability in respect of the Over-issuance of Securities under the BBPLC's US shelf registration statement. As a result, the Committee revisited the 2021 annual bonus outcomes for C.S. Venkatakrishnan and Tushar Morzaria, and the 2019-2021 LTIP outcome for Tushar Morzaria, and reduced those outcomes to reflect the impact of the restatement on the financial measures for those awards. The impact on each financial measure, and associated impact on the incentive pay-out, is shown in the table that follows. The outstanding deferred elements of these awards will be reduced accordingly. Tushar Morzaria and C.S.Venkatakrishnan were both supportive of the reductions. Anna Cross was not subject to these reductions because she did not participate in the Executive Director 2021 annual bonus or the 2019-2021 LTIP, as she was not an Executive Directors at that time. Note a Excluding litigation and conduct. Group RoTE for 2019 including litigation and conduct was 5.3%.