Barclays Announces Significant Increase In Sustainable Finance To £500M

  • Barclays Plc BCS has increased its equity capital investment into global climate tech startups from £175 million by 2025 to £500 million by 2027.
  • The company said that after surpassing the existing £150 billion target and reviewing growth opportunities, Barclays announced a new target to facilitate $1 trillion of Sustainable and Transition Financing by the end of 2030.
  • The bank said that the increase in its Sustainable Impact Capital investment mandate reflects the funding needed to continue existing efforts and support new investments. 
  • The push will focus on carbon capture and hydrogen technologies.
  • In the last two and a half years, Barclays has invested £84 million into innovative startups, helping them to scale solutions to environmental challenges and fill their growth stage funding gaps.
  • Barclays will continue investing in its product platform to facilitate this $1 trillion financing, including expanding sustainable debt financing and equity capital markets activity.
  • Price Action: BCS shares are up 0.50% at $8.11 during the premarket session on the last check Wednesday.
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