Barclays, a UK-based bank, has released a new sustainability-focused presentation for investors, revealing that it earned approximately £500 million (USD $660 million) in revenues from sustainable and transition finance activities in 2024. The presentation indicates that its sustainable and transition finance volumes have accelerated over recent months.
In its H1 2025 sustainability presentation, Barclays reiterated its ambition to become a net zero bank by 2050. It provided an update on its progress towards financed emissions reduction goals for key emissions-intensive industries. The bank is ahead of track in sectors such as upstream energy and steel but has yet to achieve reductions in others, including automotive and aviation.
Barclays set a goal in late 2022 to facilitate $1 trillion of sustainable and transition financing by the end of 2030. In recent years, the bank has expanded its sustainable finance capabilities by launching a new Energy Transition Group within its Corporate and Investment Bank and a Sustainable Banking Group within its Capital Markets business.
The update reported cumulative volumes of $220.2 billion in sustainable and transition financing since 2023, towards the $1 trillion target. Recent months have seen stronger volumes, with $58 billion recorded in the first half of 2025, compared with around $94 billion in all of 2024 and $68 billion in 2023.
Of the $220 billion achieved to date, approximately half ($107 billion) has been under the category of “social,” which includes financing for supranational, national, and regional development institutions. This is followed by $74.5 billion for environmental financing such as green bonds, green loans, or green equity financing, while $30.8 billion were in sustainability-linked transactions, and $8 billion were in lending, capital markets, and other financing solutions for transition activities or technologies.
The report also included updates on Barclays’ progress against its sector-focused financed emissions targets. In upstream energy, the bank’s most significant sector by absolute emissions, Barclays reported a 45% emissions reduction since 2020, surpassing its 2030 goal of a 40% reduction. It also reported emissions reductions of 30% in the power sector, 23% in steel, 9% in cement, 2% in commercial real estate, 1% in housing, and 11% in agriculture. However, the report indicated that emissions intensity in the aviation sector remains flat, against a target of 11% to 16% reduction by 2030, and emissions in automotive manufacturing have increased 1% from its 2022 baseline, compared to a target to reduce emissions by 40% to 64% by 2030.
The report further revealed that Barclays has achieved a 95% reduction in its Scope 1 and 2 emissions since 2018, exceeding its target of a 90% reduction.
[Access the report here.](https://home.barclays/content/dam/home-barclays/documents/investor-relations/ResultAnnouncements/H12025Results/H125-Sustainability-Investor-Presentation.pdf)