Priya PatelTLDR: Barclays has established a new Sustainable Banking Group within its Capital Markets business to address the sustainability needs of clients. The new business will combine capabilities across M&A, Equity, Debt, and Risk Management to offer clients a tailored approach to coverage, advice, and execution. Barclays aims to facilitate $1 trillion of sustainable and transition financing between 2023 and 2030.
Barclays has launched a new Sustainable Banking Group within its Capital Markets business, bringing together its Sustainable Capital Markets and ESG Advisory teams. The new business aims to address the sustainability needs of clients by combining capabilities across M&A, Equity, Debt, and Risk Management. It will offer clients a tailored approach to coverage, advice, and execution for their sustainability and transition journeys. Susan Barron and Cindy Quan have been appointed as Co-Heads of the Sustainable Banking Group.
This move is part of Barclays’ broader efforts to expand its sustainable finance capabilities and teams. The bank recently launched an Energy Transition Group within its Corporate and Investment Bank, and it has set a goal to facilitate $1 trillion of sustainable and transition financing between 2023 and 2030. Barclays has already delivered over £87 billion ($112 billion) of green finance towards this goal.
By establishing the new Sustainable Banking Group, Barclays aims to strengthen its partnership with clients as they navigate the challenges and opportunities of the transition to a low carbon future. The combined teams will work closely with other units, such as the Energy Transition Group and Sustainable Project Finance, to provide comprehensive solutions and support clients in accessing the best opportunities in the market.
