Barclays’ investment in climate-tech start-ups is to be ramped up to £500m by end of 2027.

After surpassing existing £150bn target and reviewing growth opportunities, Barclays has announced a new target to facilitate $1trn of Sustainable and Transition Financing by end of 2030. This encompasses the long-term green, social, transition and broader sustainability-linked financing requirements of clients including corporates, governments and consumers. Financing of climate and environmental solutions including green mortgages, energy efficient technology and renewable energy, as well as financing for broader social and sustainability work, including sustainability-linked structures and areas such as affordable housing, will all count towards the target.

The Group’s Sustainable Impact Capital investment mandate will increase from £175m by 2025, to £500m by 2027. The success of the investments to date means an increase in the investment mandate to £500m is required to allow Barclays to continue existing efforts and support new investments.

In the last two and a half years, Barclays has invested £84m into innovative start-ups, and next phase of Sustainable Impact Capital investments will see an enhanced focus on decarbonisation technologies that are enabling transition within carbon intensive sectors, particularly where Barclays has meaningful client exposure such as energy and power, real estate and transport. A particular focus will be on carbon capture and hydrogen technologies.

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