Case Study: Barclays advances sustainable finance with BSI PAS 7340

How PAS 7340 is Helping to Make Sustainable Finance Mainstream

Barclays, a British universal bank, needed a clearer framework for embedding sustainable finance into its policies, processes, products, and disclosures as ESG expectations and climate-risk pressures grew. BSI addressed this challenge by developing PAS 7340, a sustainable finance standard intended to help financial institutions align with the UN Sustainable Development Goals and build investor and public confidence.

Using BSI’s PAS 7340 framework, Barclays was already operating with many aligned practices, including environmental and social risk reviews, TCFD-aligned reporting, and Paris Agreement commitments. The bank has set a goal to provide at least £100 billion of green finance by 2030, launched products such as the Green Home Mortgage and green bonds, and supported measurable impact including a 13% lower default probability for energy-efficient new-build mortgages, 124 ventures backed through Unreasonable Impact, 20,000 jobs created, and over 187 million people positively impacted.

Barclays