Barclays Corporate Banking announces the launch of a suite of Green Finance products, designed to help the bank’s clients fund more sustainable projects in the UK and around the world.

By accessing specific products aimed at encouraging investment in sustainable activity, Barclays’ clients will be able to accelerate their investment in green initiatives and support the transition to a low-carbon and sustainable economy.

Recognising the need to support companies of all sizes and across a breadth of sectors to fulfil their green ambitions, Barclays has created a range of tailored products, which represent real innovation in the evolving green finance market. These are:

• Green Loans, targeting larger clients who need loans of more than £3m across the UK

• International Green Loans, helping international clients invest in green projects around the world

• Green Asset Finance, allowing clients to access more flexible ways of financing assets that support green initiatives

• Green Innovation Finance, backed by the European Investment Fund, aimed at providing funding for SME clients

• Green Deposits, allowing Barclays’ largest clients to earmark funds they deposit against Barclays’ investments in Green Bonds

There is increasing appetite for more financial support for green initiatives, as businesses recognise the commercial benefits, through reduced costs and increased revenue potential; anticipate increasing regulatory requirements, with governments and regulators urging companies to take action to help deliver the Paris Climate Agreement goals; and respond to the reputational impact, as customers expect businesses to be able to demonstrate their environmental credentials.

Rhian-Mari Thomas, chairman, Barclays Green Banking Council, said: “Barclays, like so many of our clients, recognises that addressing environmental challenges is not only a necessity but a compelling economic opportunity. We already have an established presence in the green bond market as a successful lead arranger, investor and now issuer so we are delighted to be able to build on our expertise by launching new, innovative green products to help meet the booming demand for green finance from a broader cross-section of our clients. We’re excited to be at the forefront of something so game-changing.”