Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Barclays PLC

The 2017 Green Bond from Barclays was a first for the UK market, as it represented the first green bond issued by a UK bank, using UK assets. 

Barclays will allocate the proceeds from this MREL eligible senior unsecured green bond issuance to the financing and refinancing of those Barclays residential mortgages on properties situated in England and Wales which are in the top 15% of the lowest carbon intensive buildings in these countries, based on estimated energy efficiency.

Barclays was able to identify these properties thanks to the publication of Energy Performance Certificate (EPC) data for UK buildings by the UK government (see here).

The November 2020 issuance builds on the base established in 2017. 

DATE OF ISSUE  TYPE OF INSTRUMENT SIZE  TENOR  COUNTRY OF ISSUE CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
November 2017 Use of proceeds bond  EUR 500m (USD 580m) 6 years United Kingdom Low Carbon Buildings (Residential)

pre issuance report by Carbon Trust

2018 post issuance statement by Carbon Trust

2019 post issuance statement by Carbon Trust

 

Annual Report Feb 2018

Annual Report Feb 2019

Green Bond Framework

Barclays Green Bonds website

Second-Party Opinion

November 2020 Use of proceeds bond GBP 400m (USD 518.6m) 6 years United Kingdom Low Carbon Buildings (Residential) pre issuance report by Carbon Trust  

Press Release

Investor Presentation

Green Bond Framework 2019