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Barclays reports on sustainability strategy


Barclays today launched its 2007 Sustainability Review at an event attended by government officials, industry commentators and key business stakeholders in London.

Speaking at the event, Group Chief Executive John Varley noted Barclays decision to evolve its strategy from Corporate Social Responsibility to Sustainability.

According to Mr Varley, sustainability at Barclays means two things – sustainable relationships and expanding the idea of being a responsible global citizen.

“We feel that ‘sustainability’ better captures these responsibilities and applying the term to our activities will keep us mindful of the centrality and durability of these commitments to our business and our brand,” he said.

The new-format Sustainability Review is Barclays eighth annual review and its first reported almost entirely online.

Explaining the shift to online reporting, Mr Varley said “We are committed as a Group to global carbon neutrality in 2009, and we set ourselves tough standards to reduce our waste and to increase our recycling.”

“As a symbol of this commitment, for the first time this year more of our reporting is online than in printed form.”


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