Bloomberg Markets has ranked Barclays number ten in its Greenest Banks list, based on clean energy transactions in 2011 and environmental impact reduction efforts in 2010.
We’ve climbed the poll’s overall rankings from number 24 last year, and won a number four listing specifically for our clean energy investments.
Last year was a notable 12 months for Barclays Alternative Energy Group and our Cleantech Initiative, both of which research renewable energy generation technologies (such as wind, solar, and geothermal) and then coordinate advice and financing for clients interested in these new forms of clean energy.
In 2011, our projects included:
- Arranging for over £400m in financing for UK wind farms
- Investing in a US power developer to expand utility-scale solar systems across the south-western states
- Being the first bank to provide financing to a UK marine energy project that converts power captured from waves into electricity.
Barclays top marks in the list highlight our commitment to developing products and services that enable a transition to a low-carbon economy – part of ongoing our Climate Action Programme.
“With new technologies driving investment, clean energy is clearly becoming more interesting for investors around the world,” said Theodore Roosevelt, Chairman of the Cleantech Initiative. “It’s important for Barclays to be a leader in this space, to both advise our clients and contribute to environmental progress.”
This is Bloomberg Markets’ second annual ranking of the top greenest banks. The list included a select 48 banks in 19 countries that had at least $10bn of market capitalisations and a record of environmental activities.