Barclays 2014 Annual Report Download - page 73

barclays.com/annualreport Barclays PLC Annual Report 2014 I 71
subject to annual re-election, and all Directors will stand for election or
re-election at the 2015 AGM with the exception of Sir David Walker and
Sir John Sunderland, who are retiring from the Board at the conclusion
of the 2015 AGM.
Directors’ indemnities
Qualifying third party indemnity provisions (as defined by section 234
of the Companies Act 2006) were in force during the course of the
financial year ended 31 December 2014 for the benefit of the then
Directors and, at the date of this report, are in force for the benefit of
the Directors in relation to certain losses and liabilities which they may
incur (or have incurred) in connection with their duties, powers or
office. In addition, the Company maintains Directors’ & Officers’
Liability Insurance which gives appropriate cover for legal action
brought against its Directors.
Qualifying pension scheme indemnity provisions (as defined by section
235 of the Companies Act 2006) were in force during the course of the
financial year ended 31 December 2014 for the benefit of the then
Directors, and at the date of this report are in force for the benefit of
directors of Barclays Pension Funds Trustees Limited as Trustee of the
Barclays Bank UK Retirement Fund. The directors of the Trustee are
indemnified against liability incurred in connection with the Company’s
activities as Trustee of the retirement fund.
Similarly, qualifying pension scheme indemnities were in force during
2014 for the benefit of Barclays Executive Schemes Trustees Limited as
Trustee of Barclays Bank International Zambia Staff Pension Fund
(1965), Barclays Capital International Pension Scheme (No.1), Barclays
Capital Funded Unapproved Retirement Benefits Scheme, and Barclays
PLC Funded Unapproved Retirement Benefits Scheme. The directors of
the Trustee are indemnified against the liability incurred in connection
with the Company’s activities as Trustee of the schemes above.
Political donations
The Group did not give any money for political purposes in the UK, the
rest of the EU or outside of the EU, nor did it make any political
donations to political parties or other political organisations, or to any
independent election candidates, or incur any political expenditure
during the year.
In accordance with the US Federal Election Campaign Act, Barclays
provides administrative support to a federal Political Action Committee
(PAC) in the USA funded by the voluntary political contributions of
eligible Barclays’ employees. The PAC is not controlled by Barclays and
all decisions regarding the amounts and recipients of contributions are
directed by a steering committee comprising employees eligible to
contribute to the PAC. Contributions to political organisations reported
by the PAC during the calendar year 2014 totalled $103,000 (2013:
$16,000).
Environment
Barclays Climate Action Programme focuses on addressing
environmental issues where we believe we have the greatest potential
to make a difference. The Programme focuses on managing our own
carbon footprint and reducing our absolute carbon emissions,
developing products and services to help enable the transition to a
low-carbon economy, and managing the risks of climate change to our
operations, clients, customers and society at large. We invest in
improving the energy efficiency of our operations and offset the
emissions remaining through the purchase of carbon credits. We also
have a long-standing commitment to managing the environmental and
social risks associated with our lending practices, which is embedded
into our Credit Risk processes. A governance structure is in place to
facilitate clear dialogue across the business and with suppliers around
issues of potential environmental and social risk.
We have disclosed global greenhouse gas emissions that we are
responsible for as set out by ‘The Companies Act 2006 (Strategic
Report and Director’s Report) Regulations 2013’. We provide fuller
disclosure across our carbon emissions within Barclays GRI statement
found on our website barclays.com/citizenship.
Current
Reporting
Yeara
2014
Previous
Reporting
Yearb
2013
Comparison
Yearc
2012
Global GHG emissionsd
Total CO2e (tonnes) 830,668 968,781 1,060,442
Scope 1 CO2e emissions (tonnes)e49,994 58,176 47,718
Scope 2 CO2e emissions (tonnes) 655,426 723,993 822,486
Scope 3 CO2e emissions (tonnes)f125,248 186,612 190,238
Intensity Ratio
Total full time employees (FTE) 132,300 139,600 139,200
Total CO2e per FTE (tonnes) 6.28 6.94 7.62
Notes
a 2014 reporting year covers Q4 2013 and Q1, 2, 3 of 2014. The carbon reporting year is
not fully aligned to the financial reporting year covered by the Director’s report. This
report is produced earlier than previous carbon reporting to allow us to report within
the year end financial reporting timelines.
b 2013 reporting year covers Q4 2012 and Q1, 2, 3 of 2013.
c 2012 reporting year is the full calendar year (January 2012 – December 2012).
d The methodology used to calculate our CO2e emissions is the operational control
approach on reporting boundaries as defined by the World Resources Institute/World
Business Council for Sustainable Development (WRI/WBCSD) Greenhouse Gas
Protocol (GHG): A Corporate Accounting and Reporting Standard, Revised Edition.
Where properties are covered by Barclays’ consolidated financial statements but are
leased to tenants who are invoiced for utilities, these emissions are not included in
the Group GHG calculations.
Q Scope 1 covers direct combustion of fuels and company owned vehicles (from UK and
South Africa only, which are the most material contributors).
Q Scope 2 covers emissions from electricity and steam purchased for own use.
Q Scope 3 covers indirect emissions from business travel (global flights and ground
transport from the UK and South Africa. 2014 car hire data covers the USA and India only.
Ground transportation data (excluding Scope 1 company cars) covers only countries
where this type of transport is material and data is available).
e Fugitive emissions reported in Scope 1 for 2014 & 2013 cover emissions from UK,
Americas, Asia-Pacific and South Africa. Fugitive emission data for 2012 is not
available. Business travel reported in Scope 1 covers company cars in the UK & South
Africa. This covers the majority of our employees where we have retail operations
with car fleets.
f Scope 3 is limited to emissions from business travel which covers global flights and
ground transport from the UK and South Africa. 2014 car hire data also covers the
USA and India only. Ground transportation data (excluding Scope 1 company cars)
covers only countries where this type of transport is material and data is available.
Research and development
In the ordinary course of business the Group develops new products
and services in each of its business divisions.
Share capital
Share capital structure
The Company has ordinary shares in issue. The Company’s Articles also
allow for the issuance of sterling, US dollar, euro and yen preference
shares (preference shares). No preference shares have been issued as
at 27 February 2015 (the latest practicable date for inclusion in this
report). Ordinary shares therefore represent 100% of the total issued
share capital as at 31 December 2014 and as at 27 February 2015 (the
latest practicable date for inclusion in this report). Details of the
movement in ordinary share capital during the year can be found in
Note 31 on page 318.
Voting
Every member who is present in person or represented at any general
meeting of the Company, and who is entitled to vote, has one vote on a
show of hands. Every proxy present has one vote. The proxy will have
one vote for and one vote against a resolution if he/she has been
instructed to vote for or against the resolution by different members or
in one direction by a member while another member has permitted the
proxy discretion as to how to vote. On a poll, every member who is
present or represented and who is entitled to vote has one vote for
every share held. In the case of joint holders, only the vote of the senior
holder (as determined by order in the share register) or his proxy may
be counted. If any sum payable remains unpaid in relation to a
member’s shareholding, that member is not entitled to vote that share
or exercise any other right in relation to a meeting of the Company
unless the Board otherwise determine. If any member, or any other
person appearing to be interested in any of the Company’s ordinary
shares, is served with a notice under section 793 of the Companies Act
2006 and does not supply the Company with the information required
in the notice, then the Board, in its absolute discretion, may direct that
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