We are thrilled to announce that Barclays Business Banking has become the latest bank to join Perseus, as we work together to streamline sustainability reporting for SMEs.
Perseus will enable easier and more assurable sustainability disclosures, reduced risk, and increased green lending, helping the bank reach its net-zero goals by 2050. And, through Perseus, Barclays’ SME customers could benefit from reduced reporting burdens and better access to the finance needed for decarbonisation.
Barclays joins a growing list of financial service providers including The British Business Bank, the Development Bank of Wales, Lloyds, NatWest, Clear Bank, Allica, Tide, and Triodos.
Dana Clouston, Head of Sustainable Finance for Barclays Business Bank says:
“To reach the UK’s Net Zero targets, it is going to require concerted action by everyone, across sectors, geographies and organisations.
We know that across the UK, SMEs cumulatively are responsible for between 43-53% of UK greenhouse gases. This is why supporting SMEs to transition to net zero is so vital.
We are delighted to be joining Project Perseus and be joining the discussion on how we deliver high quality emissions data at scale to unlock greater access to sustainable finance, deliver targeted solutions, and reduce reporting burdens for UK SMEs.
Collaboration is key for transparency, for harmonising frameworks and reporting, and for informing future behaviour and choices for SMEs on their transition.”