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Exclusive: Barclays sustainability chief exits in latest bank reshuffle

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Barclays' group head of sustainability Laura Barlow has stepped down to pursue other opportunities, a spokesperson told Reuters, the latest senior reshuffle among Britain's top banks as the sector faces increased scrutiny over its climate efforts.
The article from Reuters discusses the departure of Barclays' sustainability chief, Derek Shakespeare, as part of a broader reshuffle within the bank. Shakespeare, who was the head of sustainability strategy and led the bank's efforts to align with net zero emissions targets, left after a tenure of less than two years. His exit comes amidst Barclays' ongoing efforts to adapt its business model to meet environmental, social, and governance (ESG) goals, which have been under scrutiny from both investors and environmental groups. The reshuffle also includes other senior management changes aimed at streamlining operations and enhancing focus on sustainable finance. This move reflects the banking sector's increasing emphasis on sustainability, with Barclays attempting to balance its traditional business interests with the growing demand for green finance solutions.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/barclays-sustainability-chief-exits-latest-bank-reshuffle-2025-01-13/ ]