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Barclays Team Handed Guidelines to Ratchet Up Transition Finance

  • Move comes amid concerns of being accused of ‘greenwashing’
  • Regulators have yet to explicitly define transition finance

Barclays has pledged $1 trillion of sustainable and transition finance by 2030.Photographer: Chris Ratcliffe/Bloomberg

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By Alastair Marsh

February 12, 2024 at 3:00 AM PST

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After assembling more than 100 bankers in a new transition finance team, Barclays Plc is now setting parameters for how to expand the business without being accused of greenwashing.

The new team within the corporate and investment banking unit, which will arrange financial products and deals intended to help clients reduce their carbon footprint, is among the first at a major