Top
image credit: Pexels

Barclays to invest £500m in climate tech start-ups by 2027

December 15, 2022

Barclays says it arrived at the decision following “substantial interest and demand”. The move will see the bank’s Sustainable Impact Capital investment mandate increase from £175 million by 2025 to £500 million by 2027.

“The success of the investments to date means an increase in the investment mandate to £500 million is required to allow Barclays to continue existing efforts and support new investments,” Barclays says.

With the increased spending, Barclays plans to focus on decarbonisation technologies that are enabling transition within carbon-intensive sectors, “particularly where Barclays has meaningful client exposure such as energy and power, real estate and transport”.

Read More on FinTech Futures