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Barclays has been ranked number six among global financial institutions on managing the risks and opportunities presented by climate change.

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Barclays has been ranked number six among global financial institutions on managing the risks and opportunities presented by climate change.

The Carbon Disclosure Project, an environmental organisation which represents more than 500 institutional investors with around US$64 trillion in assets under management, published the ranking this week in its Global 500 Carbon Disclosure Leadership Index report.

The publication assesses the world's 500 largest publicly-listed companies on their approach to disclosing practices which have an impact on climate change.

A high ranking indicates a good understand of climate change-related issues affecting the company.

Barclays was also awarded an A-rating in the Performance Leadership Index, which indicates a "mature climate change initiative with clear objectives".

On top of recognition from the Carbon Disclosure Project, Barclays has maintained its membership status in the Dow Jones Sustainability Index, which ranks the top 10 per cent of the world's largest 2,500 companies on their economic, environmental and social practices.

Barclays was awarded industry leader status in the categories of anti-crime policy and measures, and corporate citizenship and philanthropy.

It also retained its industry leader status in environmental policy and management systems.

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