Version No: Draft 0.3 Author: Saleh Ahmed Date issued: Draft February 2023 Barclays Green & Social Notes Framework February 2023 Barclays Green & Social Notes Framework 1 Contents 1. Barclays Green & Social Notes Framework 3 1.1 Introduction to Barclays Group’s Approach to Sustainable financing 3 1.2 The Framework 3 2. Use of Proceeds 6 2.1 Asset Eligibility Criteria 6 2.2 Process for Project Evaluation and Selection 16 3. Management of Proceeds 18 4. Reporting 20 February 2023 Barclays Green & Social Notes Framework 2 1. Barclays Green & Social Notes Framework February 2023 Barclays Green & Social Notes Framework 3 1. Barclays Green & Social Notes Framework 1.1 Introduction to Barclays Group’s Approach to Sustainable financing The transition to a sustainable economy is today’s defining opportunity for innovation and growth. With a scale of the investment needed estimated to be between $4-6trn per year over the next 30 years, Barclays Group is helping to provide the green, social and sustainable finance required to transform the economies it serves. As a large global financial intermediary, Barclays Group also has an important role in helping channel investment into new green technologies and low-carbon infrastructure projects. We also have a contribution to make in the advice, products and financing support that we offer our customers and clients Barclays Group’s 2022 Sustainable Finance Framework (version 4) (the Sustainable Finance Framework) sets out the methodology for classifying financing as sustainable for purposes of tracking and disclosing Barclays Group performance against our sustainable finance targets. We are committed to being transparent about our definitions and approach to reporting against our sustainable finance targets. The Barclays Green & Social Notes Framework (the Framework) relates to Green Notes, Social Notes and Green & Social Notes (together, the Notes) issued by Barclays Bank PLC and certain of its subsidiaries (Barclays). 1.2 The Framework The Framework sets out our methodology for defining the eligibility criteria of assets within the Green Eligible Asset Pool (as set out in the Green Asset Eligibility Criteria) and the Social Eligible Asset Pool (as set out in the Social Asset Eligibility Criteria). An amount equal to the net proceeds from a Green Note will be used to finance and/or refinance assets within the Green Eligible Asset Pool. An amount equal to the net proceeds from a Social Note will be used to finance and/or refinance assets within the Social Eligible Asset Pool (together with the Green Eligible Asset Pool, the Eligible Asset Pools). The proceeds from a Green & Social Note will be used to finance and/or refinance assets from both Eligible Asset Pools. The Green Asset Eligibility Criteria and Social Asset Eligibility Criteria are collectively referred to as the Asset Eligibility Criteria. This Framework subsumes and replaces the 2021 Barclays Green Issuance Framework in order to align with the Sustainable Finance Framework to ensure consistency across Barclays’ provision of green and social financing and the issuance of the Notes. The Notes issued pursuant to this Framework may include, but are not limited to Structured Notes. Assets that are eligible for financing and/or refinancing from the proceeds of Notes issued under this Framework (Eligible Assets) are consistent with the Sustainable Finance Framework and their contribution is mapped to the UN Sustainable Development Goals (UN SDGs). This Framework is designed to govern the February 2023 Barclays Green & Social Notes Framework 4 eligibility criteria of Barclays’ own note issuances and is a complement to the Sustainable Finance Framework. In addition, this Framework has been designed to be consistent with the latest industry guidance and principles concerning Green & Social Bonds outlined in section 2. We will review the Framework periodically, including to align it with evolving market practices and guidelines. All Green Notes issued under this Framework will be aligned with the ICMA GBP (as defined below) and compliant with V3.0 of the Climate Bonds Initiative’s (CBI) Climate Bonds Standard. All Social Notes issued under this Framework will be aligned with the ICMA SBP (as defined below) All Green & Social Notes issued under this Framework will be aligned with the ICMA SBG (as defined below). Barclays will specify information on sustainability-related objectives in respect of the Notes, where the products are covered by the Markets in Financial Instruments Directive II (MiFID II, Commission Delegated Directive (EU) 2021/1269), in the relevant pre-contractual disclosure(s) and legal documentation of the relevant Notes. More information can be found on the Barclays MiFID II website1 and on the Reg Xchange website2 (where any EET templates will be available). 1 https://www.cib.barclays/disclosures/N2FcdRWQo4.html 2 www.regxchange.com/trades/#/trades/list