Barclays announced today the appointment of Daniel Hanna as Global Head of Sustainable Finance for the Corporate and Investment Bank. Hanna joins the firm from Standard Chartered, where he served as Global Head of Sustainable Finance.
Sasha Wiggins, Barclays’ Group Head of Public Policy and Corporate Responsibility, said:
“We are focused on the delivery of our climate strategy, including capturing new opportunities to deepen client relationships and create new growth for Barclays’ businesses. Whilst we are already using our expertise across our Corporate and Investment Bank to help clients manage this period of extraordinary change, Daniel’s appointment gives us a powerful focus to create a real point of difference with clients.”
Barclays announced its climate strategy in 2020, which included goals to be a net zero bank by 2050, through reducing both its own operational emissions, and the financing of client emissions. As part of the strategy, Barclays aims to expand its green and sustainable financing activities. The company has already surpassed its goal to facilitate £150 billion for social, environmental and sustainability-linked financing from 2018-2025, and has already achieved £74 billion of its 2030 £100 billion green financing target.
Hanna will be based in London, and will join Barclays’ Corporate and Investment Bank’s Management Committee. His new role will include responsibility for creating a “center of excellence” for sustainable finance, connecting the bank’s firm-wide efforts across the Sustainable Capital Markets, Sustainable and Impact Banking, Sustainable Product Group teams, and with Barclays’ Sustainability and ESG team.
Paul Compton, Global Head of Corporate and Investment Bank and President of Barclays Bank, said:
“The center of excellence will bring together the power of our ‘One Barclays’ approach to deliver a fuller suite of products, solutions, and expertise to clients as they navigate the transition to a low-carbon economy.”
Hanna founded the sustainable finance business at Standard Chartered, and led the bank’s sustainable finance strategy, with responsibility for developing new products, incorporating ESG considerations into banking decisions, and identifying sustainable finance opportunities for clients.
“Barclays was one of the first banks to commit to net zero by 2050 and has a fantastic track record of innovation in green and sustainable finance. As the world deals with the impact of high energy prices and climate change, Barclays has a strong platform to help channel capital to the new technologies, and companies, that can help economies decarbonize and drive sustainable growth.”