On 30 March 2020, Barclays announced it would file a resolution that would commit the bank to “set, disclose and implement a strategy, with targets, to transition its provision of financial services across all sectors (starting with, but not limited to, the energy and power sectors) to align with the goals and timelines of the Paris Agreement”.

It also introduced amendments to its energy policy. This briefing provides a detailed analysis of Barclays’ new energy policy and its net zero ambition.