Barclays shares first year results of Shared Growth Ambition23/02/2017
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Today, Barclays published its annual Citizenship performance in the Barclays PLC Annual Report 2016.
2016 marks the first year of Barclays’ Shared Growth Ambition – a new Citizenship strategy that concentrates efforts on those sectors of the economy where the bank can have the greatest impact and which will align with its core strength as a financial services institution:
- Access to financing: This helps to leverage capital for crucial social and environmental infrastructure, while giving access to growing markets.
- Access to financial and digital empowerment: This ensures customers and communities can benefit from financial and digital services, while helping Barclays to increase loyalty and engagement.
- Access to employment: This addresses a major global challenge, while also building long-term demand for banking services.
"As we complete the restructuring of our bank we will stay wedded to a fundamental principle of finance: earn and maintain the trust of your customers and clients. Just as 327 years ago when we were founded, Barclays will be known for the way in which we do business and the integrity with which we operate, having a positive impact on society, while delivering shareholder value.”
James E. Staley, Group Chief Executive
Performance highlights in 2016 include:
- 21.1bn GBP delivered in financing for solutions that address environmental and societal challenges.
- Launched Sustainable Investing and Bond Returns as the first publication in the new Impact Series to explore the impact of economic, demographic, and disruptive changes on markets, sectors, and society at large.
- 249,000 individuals and small businesses improved their access to financial and digital services.
- 1,717,600 people supported in developing employability skills globally.
- Launched Unreasonable Impact, an international network of accelerators focused on scaling up entrepreneurial solutions that will help employ thousands worldwide while solving some of our most pressing societal challenges.
- Reduced emissions by 15.8%, making good progress against a new target to achieve a 30% carbon reduction by 2018 (against a 2015 baseline).
Recognising specific stakeholder interest in more detailed technical information, Barclays has produced an Environmental Social Governance Supplement (formerly the ‘Citizenship Data Supplement’) to provide additional data and act as a guide to supporting information in the Annual Report and other disclosures.
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