Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
In March 2020 we were one of the first banks to set an ambition to become net zero by 2050, across all of our direct and indirect emissions, and we committed to align all of our financing activities with the goals and timelines of the Paris Agreement. We have a three-part strategy to turn that ambition into action: achieving net zero operations, reducing our financed emissions, and financing the transition. In practice, this means we have set 2030 targets to reduce our financed emissions in five of the highest emitting sectors in our financing portfolio, with additional 2025 targets for the two highest-emitting sectors – energy and power. As of the end of 2022, we had provided over £87bn of green financing and we are investing our own capital – £500m – into innovative, green start-ups.