& Operational Risks of Climate Change http://home.barclays/annualreport home.barclays/annualreport Barclays PLC Environmental Social Governance Report Managing climate-related risks Risks arising from climate change materialise through various channels: 1) through the financial services and support we provide to customers who may themselves be exposed to the risks of climate change; 2) the operation of our own infrastructure, business and premises which may be exposed to both transition and physical risk; and 3) through a deteriorated perception of Barclays if we do not adequately support a transition away from high-carbon activities and consequent loss of our social licence to operate.