Strategic Advisory for Energy Transition
Barclays takes a significant step toward supporting clients on their net-zero journey by establishing the Energy Transition Group within its Corporate and Investment Bank.
Commitment to Net-Zero Ambition
Barclays reaffirms its commitment to a 2050 net-zero ambition, becoming one of the pioneers among global banks. The bank aims to reduce financed emissions and facilitate $1 trillion in Sustainable and Transition Financing by 2030.
Expert-Led Center of Excellence
The newly formed Energy Transition Group, led by Global Head Mike Cormier, comprises industry specialists from Barclays’ global teams. The center of excellence will offer expertise on various energy transition facets, including hydrogen, renewables, carbon capture, and sustainable finance.
Driving Value and Adaptation
Barclays sees the energy transition as a transformative force and believes the new group will serve as a lead advisor, driving shareholder value. The move aligns with the bank’s strategy to adapt to lower carbon expectations and navigate a disrupted market landscape.
Source：finextra.com
