By Sabela Ojea

 

Barclays PLC said Monday that it is aiming to be net zero by 2050, aligning its financial activities with the goals and timeline of the 2016 Paris Agreement.

The British lender said its alignment will start focusing on its energy and power activities and then focus on the rest of them.

"Barclays will provide the transparent targets required to judge its progress and will report on them regularly, starting from 2021," the bank said.

Shares at 0819 GMT were down 6.38 pence, or 6.6%, at 90.99 pence.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

March 30, 2020 04:41 ET (08:41 GMT)

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