Barclays Announces Significant Increase In Sustainable Finance To £500M - Barclays (NYSE:BCS)

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.