Barclays 2013 Annual Report Download - page 81

Directors’ indemnities
The Company maintains Directors’ and Officers’ liability insurance,
which gives appropriate cover for any legal action brought against its
Directors. In addition, 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 2013 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.
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 2013 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
2013 for the benefit of directors 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 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 or
the rest 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. Barclays
Africa Group Limited (formerly Absa Group Limited), in which the
Group has a majority stake, made donations totalling £170,800 in 2013
(2012: £185,666) in accordance with its policy of making political
donations to the major South African political parties as part of their
Democracy Support Programme. The Group made no other political
donations in 2013.
In accordance with the 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 comprised of eligible contributors.
Contributions to political organisations reported by the PAC during
calendar year 2013 totalled $16,000 (2012: $63,564).
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 management and environmental
programmes in the Barclays Citizenship report. More details may be
found on our website at Barclays.com/citizenship.
Current
reporting
Year 2013a
Comparison
Year 2012b
Global GHG Emissionsc
Total CO2e (tonnes) 969,782 1,014,332
Scope 1 CO2e emissions (tonnes)d 57,334 47,363
Scope 2 CO2e emissions (tonnes) 732,096 779,844
Scope 3 CO2e emissions (tonnes)e180,352 187,126
Intensity Ratio
Total Full Time Employees (FTE) 139,600 139,200
Total CO2e per FTE (tonnes) 6.94 7.28
Notes:
a 2013 reporting year covers Q4 2012 and Q1, 2, 3 of 2013. The carbon reporting year is
not fully aligned to the financial reporting year covered by the Directors' report. This
report is produced earlier than previous carbon reporting to allow us to report within
the year-end financial reporting timelines.
b 2012 reporting year is the full calendar year (Jan 2012 – Dec 2012).
c The methodology used to calculate our CO2e emissions is the GHG Protocol
Corporate Accounting and Reporting Standard (revised edition), using the operational
control approach on reporting boundaries. 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.
 Scope 1 covers direct combustion of fuels and company owned vehicles (from UK
and South Africa only, which are the most material contributors).
 Scope 2 covers emissions from electricity and steam purchased for own use.
 Scope 3 covers indirect emissions from business travel (global flights and private
cars, rail, taxis and car hire from UK and South Africa where this type of transport is
material).
d Fugitive emissions from UK, Americas and Asia-Pacific are reported in Scope 1 for
2013. Fugitive emission data Europe and Africa was not available for this report but
we are working to establish data for key operations in these regions for 2014. Fugitive
emission data for 2012 is not available. Business travel reported in Scope 1 covers
company cars in UK and South Africa. This covers the majority of our employees
where we have retail operations with car fleets.
e Scope 3 is limited to emissions from business travel which covers global flights and
UK and South Africa ground transportation. Ground transportation data (excluding
Scope 1 company cars) covers UK and South Africa 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 28 February 2014 (the latest practicable date for inclusion in this
report). Ordinary shares therefore represent 100% of the total issued
share capital as at 31 December 2013 and 28 February 2014. Details of
the movement in ordinary share capital during the year can be found in
Note 32 on pages 344 and 345.
On 31 October 2008, Barclays PLC issued, in conjunction with a
simultaneous issue of Reserve Capital Instruments issued by Barclays
Bank PLC, warrants (the Warrants) to subscribe for up to 1,516.9
million new Ordinary Shares at a price of £1.97775. On 13 February
2013 Barclays PLC and Barclays Bank PLC announced that they had
entered into an agreement with Deutsche Bank AG and Goldman Sachs
International (the Warrantholders) pursuant to which the
Warrantholders had agreed to exercise in aggregate the 379.2m
outstanding Warrants. As a consequence of this agreement no other
Warrants remain outstanding.
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