Strategic Shareholder Climate and Risk Financial Financial Barclays PLC 108 report information sustainability report Governance review review statements Annual Report 2022 Implementing our Climate Strategy (continued) TCFD Strategy Recommendation (b) | Strategic Pillar 3 Recognising that our business customers have Recognising that Agriculture is a high emitting External engagement Business Bank experienced unprecedented challenges over the sector, we have announced a three-year agri- Barclays worked with the Cambridge Institute of Barclays' Business Bank has a dedicated last two years, and to support them on their climate partnership with Oxford University on a Sustainability Leadership (CISL)’s Banking strategy to: journey from recovery to growth, in 2022 we project that will establish sector decarbonisation Environment Initiative (BEI) and BSR on a series • prepare colleagues by upskilling them on launched Barclays Business Health Pledge. pathways and methodologies for measuring of innovation sprints to better address the sustainability and client needs Sustainability has been a key theme covered farm-level greenhouse gas emissions. The barriers SMEs face to reach net zero. The sprints • support clients to understand the case for under this pledge and two masterclasses have partnership is aimed at supporting the sector’s produced a number of potential solutions to sustainability and know how to take action been filmed with a sustainability expert, alongside transition to more sustainable practices and will drive change and support SME net zero action. hosting over 50 local Business Health Pledge inform financial decision-making. • develop products to finance the transition Further details on the 'Financial innovation for SME net zero events, supporting over 1,300 attendees. We + transition: Role of banks and buyers' report can be found at: The outcomes will be shared publicly and we aim • embed sustainability into the business cisl.cam.ac.uk/resources/publications/financial-innovation- have also held a ‘High Growth Live’ panel event to use these to set emissions reduction targets sme-net-zero-transition-role-banks-and-buyers on sustainable funding with over 300 attendees. Colleague engagement for the agriculture sector, in support of the Electric Vehicle proposition We have provided training to our Business bank’s net zero ambition. Further details on our Health Pledge can be found at: + labs.uk.barclays/business-health-hub/barclays-business- Banking Relationship Managers and Specialist In July 2022, we created an initial £20m fund and health-hub/introducing-the-barclays-business-health-pledge/ Further details on our partnership with Oxford University Client Solutions Team, this is a key limb of the launched a proposition with Propel Finance, our + can be found at: home.barclays/news/press- releases/2022/10/barclays-and-oxford-university- Business Bank's strategy. Asset Finance provider, to offer competitively To recognise the positive impact of ESG- announce-3-year-agri-climate-part/ priced fixed rate asset finance, supporting focused entrepreneurs on the wider economy, Further details on colleague training can be found + on page 118. business clients who are looking to purchase new we have created a new ‘Sustainability Award’ We have also created a Dairy & Livestock Forum electric vehicles. category for the Barclays Entrepreneur Awards to consider carbon emissions as part of our We have expanded our Specialist offering, with this year which saw a total of 112 entries across lending decisions to livestock farms. The aim is to Further details on our Business Banking sustainability an initiative to introduce net zero as a new area of + journey can be found at: barclays.co.uk/business-banking/ the whole breadth of the UK. drive awareness of clients' emissions and help expertise within our Specialist Client Solutions sustainability-for-business/ both colleagues and clients understand and The Business Bank’s Sustainability Hub launched Team. Colleagues can now refer clients in to the share best practice and practical actions that can this year to support customers as they get team to discuss how the transition to a low- be taken to reduce them. Topics on our ‘Let’s started on their sustainability journey, to carbon economy can impact their business. This Talk Business’ client podcast this year have also understand how they might be impacted and is intended to extend across all regions in 2023. covered sustainability. signposting them to support and financing options. It has content and resources on EVs and other green assets, as well as customer case studies to help customers explore options that may be right for them. Further details on our Business Banking Sustainability Hub + can be found at: barclays.co.uk/business-banking/ sustainability-for-business/