Recognising the need to support companies of all sizes and across a breadth of sectors to fulfil their green ambitions, Barclays has created a range of tailored products, which represent real innovation in the evolving green finance market. These are:
There is increasing appetite for more financial support for green initiatives, as businesses recognise the commercial benefits, through reduced costs and increased revenue potential; anticipate increasing regulatory requirements, with governments and regulators urging companies to take action to help deliver the Paris Climate Agreement goals; and respond to the reputational impact, as customers expect businesses to be able to demonstrate their environmental credentials.
Rhian-Mari Thomas, Chair, Barclays Green Banking Council, continues: “We’re seeing a marked change in how businesses approach sustainability. Clients are increasingly viewing sustainability as a key consideration in their overall business strategy and are recognising that whilst the threats of climate change and resource scarcity are real, they are also leading to innovative solutions and business growth opportunities.
"We certainly share that view at Barclays and want to support all our clients, from the start-ups in our new Green Lab through to multinational corporates, promoting growth and contributing towards a better, greener, future for all.”