Strategic Audit and Analysis of Barclay Bank's Climate Strategy

Individual Management Report
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Contents
Executive Summary...............................................................................................................3
Strategic Audit of the Barclay bank.......................................................................................3
Analysis..................................................................................................................................4
Critical Reflection..................................................................................................................7
REFERENCES...........................................................................................................................9
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Executive Summary
Barclay is based on the British multinational universal bank, and it’s headquartered in
London. It operates two divisions such as Barclay UK, international. For next 3 to 5 years,
Barclay has announced its ambition to be implement a concept of a net zero by 2050. This
kind of strategic action will be turn into the ambition and also consider as climate strategy. It
also supports to deploy finance responsibility and business acting with integrity,
championing, innovation & sustainability for long-term success (Donalds and Barclay, 2022).
As growing the demand of business, Barclays is working to achieve as net zero operations
and always reducing the level of supply chain emissions. It also investing into continue to the
business operations and focuses on the development of net zero pathway or direction. By
using climate strategy, the bank is committed to the strategic action and aligning its financing
with goals, time-line of the agreement. It provides the best way to achieve green &
sustainable finance which required to transform the economies.
Over the coming years, the strategic action will be evolved in the global marketplace.
It will require to adapt the best reflect market, regulatory, technological as well as
geopolitical developments. These are affecting the shape, timing of the transition to low
carbon-economy. It would require to keep maintain a proper policies, targets and progress
under view in rapidly changing the external environment or culture. Apart from that, the
progress of business is depending on the ability and able to use right strategic approach to
optimise its effectiveness. For 2030, it will setup a specific targets, which are directly
integrated or aligned with scenario. In some cases, it also reduced the financed emission
across the global world. The Barclay bank believe on the strategic action, particularly in
setting a common standards, maintain transparent reporting. It is important aspect to engage
with peers, experts and academics to assess the transition of economy, implementing
appropriate policies to achieve desired objectives.
Strategic Audit of the Barclay bank
The strategic audit is defined the system in order to determine the extent of
implementing a suitable strategies, approaches. It helps to identify its purposes, how it will be
achieved its goals or objectives (Gavieiro, Besteiro, 2022). Most importantly, it focuses on
the strategic plan and seeking to implement a suitable thing in order to achieve organisation’s
goals and message.
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