85-737: PA Consulting Group (formerly Personnel Administration ) is a professional services firm that works with public, private and third-sector organisations. It was founded in 1943 by Ernest E. Butten, Tom H. Kirkham and Dr David Seymour, who used a new approach to people management to increase productivity in munitions factories during World War 2. PA grew to become the world’s largest management consultancy by headcount in 1970. Today, PA employs more than 4,000 people globally. PA works with organisations in seven industries: consumer and manufacturing; defence and security; energy and utilities; financial services; public services; healthcare and life sciences; and transport. It operates in these industries from offices in
170-663: A Quaker , and Thomas Gould, started trading as goldsmith bankers in Lombard Street, London . The name "Barclays" became associated with the business in 1736, when Freame's son-in-law James Barclay became a partner. In 1728, the bank moved to 54 Lombard Street, identified by the "Sign of the Black Spread Eagle ", which in subsequent years would become a core part of the bank's visual identity. The Barclay family were connected with slavery, both as proponents and opponents. David and Alexander Barclay were engaged in
255-681: A "learning model" for corporate change, rather than a regulatory one. The UN Global Compact was announced by UN Secretary-General Kofi Annan in an address to the World Economic Forum on 31 January 1999 and was officially launched at UN Headquarters in New York City on 26 July 2000. The Global Compact Office works on the basis of a mandate set out by the UN General Assembly as an organization that "promotes responsible business practices and UN values among
340-520: A 4:1 share split. In 2003, Barclays bought the American credit card company Juniper Bank from CIBC , re-branding it as "Barclays Bank Delaware". The same year saw the acquisition of Banco Zaragozano, the 11th-largest Spanish bank. Barclays took over sponsorship of the Premier League from Barclaycard in 2004. In May 2005, Barclays moved its group headquarters from Lombard Street in
425-796: A Barclay, was admitted, and the business then became "Barclay, Bevan, Bening and Tritton". In 1896, twelve houses in London and the English provinces, notably Goslings and Sharpe , Backhouse's Bank of Darlington and Gurney's Bank of Norwich (the latter two of which also had their roots in Quaker families), united to form Barclays and Co., a joint-stock bank, which at its formation held around one quarter of deposits in English private banks. Between 1905 and 1916, Barclays extended its branch network by making acquisitions of small English banks. Further expansion followed in 1918 when Barclays amalgamated with
510-830: A collaboration between the UN Global Compact - Cities Programme, RMIT Europe and UN-Habitat. In Fall 2016, RMIT University and the UN Global Compact Cities Programme launched a Massive Open Online Course on FutureLearn with the title of Ethical Cities: Shaping the Future of Your City. As of August 2020 there were 120 participants in the City Network, 85 of them in Latin America and the Caribbean. Milwaukee and San Francisco were
595-514: A global agency, and local "networks" or agencies for each participating country. Under the Global Compact, companies are brought together with UN agencies, labour groups and civil society. The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of human rights , labour , the environment and anti-corruption . The declared objectives of the participants and stakeholders are to "mainstream
680-653: A group holding company, renamed Barclays Group Plc, and UK retail banking was integrated under the former BBI, and renamed Barclays Bank PLC from Barclays Bank Limited . In response to the Big Bang on the London Stock Exchange , in 1986 Barclays bought UK stockbroker de Zoete & Bevan and jobbing firm Wedd Durlacher (formerly Wedd Jefferson). They were merged with Barclays Merchant Bank to form Barclays de Zoete Wedd (BZW). Also that year Barclays sold its South African business operating under
765-516: A life of dignity for all people". Other notable organizations that have joined this global movement: Barclays Bank Barclays plc ( / ˈ b ɑːr k l i z / , occasionally /- l eɪ z / ) is a British multinational universal bank , headquartered in London , England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to
850-845: A practical project that addresses a seemingly intractable urban issue. In 2007, the then Director, Paul James (2007–2014) and his colleagues Andy Scerri and Liam Magee, took this methodology further by integrating the partnership model with a four-domain sustainability framework called ' Circles of Sustainability '. In 2007, the Secretariat moved from the Committee For Melbourne to the Global Cities Institute at RMIT University , itself affiliated with UN-HABITAT . There, projects associated with city-based responses to global climate change and globalization became increasingly important. The Melbourne Model
935-774: A proposal by Jacobs Solutions to acquire a 65% stake in PA. Following a vote by PA shareholders and UK Court approval, the deal was finalised on 2 March 2021, valuing PA at £1.825 billion. In 2021, John Cala joined PA's business in the Americas. In 2022, PA appointed a new chief financial officer and chief information officer, and created new roles for a chief research officer, head of alliances, platforms and products, and head of markets. Chartered Accountant Will Lambe joined as CFO , moving from KPMG , while Kelly Olsen joined as CIO . Charlene Li, co-author of Groundswell and founder of Altimeter , became chief research officer. Rina Ladva joined
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#17327983907011020-652: A secondary listing on the New York Stock Exchange . It is considered a systemically important bank by the Financial Stability Board . According to a 2011 paper, Barclays was the most powerful transnational corporation in terms of ownership and thus corporate control over global financial stability and market competition , with Axa and State Street Corporation taking the 2nd and 3rd positions, respectively. Barclays operates in over 40 countries, employs over 80,000 people and
1105-555: A stake to Sumitomo Mitsui Banking Corporation . Only 19% of shareholders took up their rights leaving investors China Development Bank and Qatar Investment Authority with increased holdings in the bank. Reuters reported in October 2008 that the British government would inject £40 billion (US$ 69 billion) into three banks including Barclays, which might seek over £7 billion. Barclays later confirmed that it rejected
1190-455: Is a primary dealer in Gilts , U.S. Treasury securities and various European Government bonds . The bank's name has never included an apostrophe (Barclay's) in its spelling. It was first registered in 1896 as "Barclay and Company, Limited", changed to "Barclays Bank Limited" in 1917 and to "Barclays Bank PLC" in 1982. Barclays traces its origins back to 17 November 1690, when John Freame ,
1275-655: Is a collection of resources (analysis of the goals, indicators for businesses, tools for stakeholders) that companies can utilize in finding out their role in helping to achieve the SDGs. The Sustainable Ocean Business Action Platform of the UN Global Compact has been actively supporting the launch in June 2020 of the Seaweed Manifesto, the result of a collaborative work of seaweed supporters from private sector, research institutions, UN agencies and civil society, initiated by
1360-782: Is the fifth largest bank in Europe by total assets. Barclays UK comprises the British retail banking operations, consumer credit card business, wealth management business, and corporate banking for small, medium and large-sized businesses in the UK. Barclays International consists of Barclays Corporate and Investment Bank (formerly known as Barclays Capital ) and the Consumer, Cards & Payments business. The investment banking business provides advisory, financing and risk management services to large companies, institutions and government clients. It
1445-541: Is the self-monitoring of blood glucose (SMBG) to help people manage their diabetes. ProcServe, which provides a cloud-based procurement system. The ProcServe Trading Network covers more than 17,000 organisations and is used by central government, and the National Police Procurement Hub, as well as commercial sector customers including Orange and Xerox. Argenti, a business that innovates telecare technology in partnership with local councils in
1530-761: The Bank of Scotland in exchange for a 25% stake, a transaction that became effective from 1971. Barclays DCO changed its name to Barclays Bank International in 1971. From 1972 until 1980, a minority stake in Banca Barclays Castellini SpA, Milan was owned by the Castellini family. In 1980, Barclays Bank International acquired the remaining stake in Barclays Castellini from the Castellini family. In August 1975, following
1615-744: The Barclays National Bank name after protests against Barclays' involvement in South Africa and its apartheid government. Barclays introduced the Connect card in June 1987, the first debit card in the United Kingdom. In 1988, Barclays sold Barclays Bank of California, which at that time was the 17th-largest bank in California measured by assets, to Wells Fargo for US$ 125 million in cash. Edgar Pearce ,
1700-858: The City of London to One Churchill Place in Canary Wharf . Also in 2005 Barclays sealed a £2.6bn takeover of Absa Group Limited , South Africa's largest retail bank, acquiring a 54% stake on 27 July 2005. Then in 2006, Barclays purchased the HomEq Servicing Corporation for US$ 469 million in cash from Wachovia Corp. That year also saw the acquisition of the financial website CompareTheLoan and Barclays announcing plans to rebrand Woolwich branches as Barclays, migrating Woolwich customers onto Barclays accounts and migrating back-office processes onto Barclays systems—the Woolwich brand
1785-704: The London, Provincial and South Western Bank , and in 1919, when the British Linen Bank was acquired by Barclays, although the British Linen Bank retained a separate board of directors and continued to issue its own banknotes (see Banknotes of the pound sterling ). In 1925, the Colonial Bank , National Bank of South Africa and the Anglo-Egyptian Bank were amalgamated and Barclays operated its overseas operations under
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#17327983907011870-728: The Millennium Development Goals . After the MDG expired in 2015, their top priority became supporting the Sustainable Development Goals , and the SDGs' accompanying 2030 deadlines. The UN Global Compact hopes to play a critical role in helping signatories and governments to work to achieve the SDGs. Businesses may be becoming more directly involved in government partnerships and more open to private sector interventions such as carbon pricing and other mechanics to help curb climate effects within
1955-533: The UN Sustainable Development Goals (SDGs) are considered to be strongly aligned with Pope Francis ' Encyclical Laudato Si' , sharing "a common vision for business". Both call for wide social engagement and the involvement of both business and civil society. The UN Global Compact is not a regulatory instrument, having a "guiding rather than binding character". It is sometimes referred to as soft law , although it may not fit
2040-440: The goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank , Backhouse's Bank and Gurney, Peckover and Company , united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed
2125-404: The secondary banking crash , Barclays acquired Mercantile Credit Company. Barclays Bank International expanded its business in 1980 to include commercial credit and took over American Credit Corporation, renaming it Barclays American Corporation. During 1985 Barclays Bank and Barclays Bank International merged, and as part of the corporate reorganisation the former Barclays Bank plc became
2210-512: The "Mardi Gra Bomber", began a terror campaign against the bank and the supermarket chain Sainsbury's in 1994. Barclays bought Wells Fargo Nikko Investment Advisors (WFNIA) in 1996 and merged it with BZW Investment Management to form Barclays Global Investors . Bob Diamond took charge of the investment banking businesses that year. Two years later, in 1998, the BZW business was broken up and
2295-527: The 1990s, Barclays helped to fund President Robert Mugabe 's government in Zimbabwe . The most controversial of a set of loans provided by Barclays was the £30 million it gave to help sustain land reforms that saw Mugabe seize white-owned farmland and drive more than 100,000 black workers from their homes. Opponents have called the bank's involvement a "disgrace" and an "insult" to the millions who have suffered human rights abuses. A Barclays spokesman said
2380-583: The British-based bank during World War II. Barclays, along with seven French banks, was named in a lawsuit filed in New York on behalf of Jews who were unable to reclaim money they deposited during the Nazi era. In an unusual move as part of the trend at the time for free ISPs , Barclays launched an internet service in 1999 called Barclays.net. This entity was acquired by British Telecom in 2001. In
2465-568: The Business for Peace initiative, that bring awareness to businesses and other organizations about instability and conflict, such that organizations can help to address these concerns from their own perspective and with the assistance of their local networks. Local connections to supplement the international connections made by the Global Compact at large can help to broaden the engagement and impact of members. Local Networks are independent, self-governed and self-managed entities, and work closely with
2550-531: The Butten Trust in 1958. The Trust was intended as a long-term guardian of PA's fortunes and an assurance that the company would be 'owned by the employees'. During this period, PA found success in advising companies on potential applications of technology to business issues. This led to them building technology centres in Melbourn , UK, and Princeton, USA. Towards the end of the '80s, PA's management took
2635-529: The Cambridge Phenomenon where the city became a centre for the UK’s technological companies. Innovations developed at the centre over the past 50 years include: the original brushless servo motor; medical injectors that mean the patient does not need to see the needle; a self-monitoring device for people with diabetes that measures blood glucose levels; micrometers; and 4G wireless test equipment. During
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2720-722: The EU rules do not apply to its 67%-owned Zimbabwean subsidiary because it was incorporated outside the EU. In August 2000, Barclays took over the recently de-mutualised Woolwich PLC, formerly the Woolwich Building Society, in a £5.4 billion acquisition. Woolwich thus joined the Barclays group of companies, and the Woolwich name was retained after the acquisition. The company's head office remained in Bexleyheath , south-east London , four miles (6 km) from
2805-541: The Equity and Corporate Finance Divisions were sold to Credit Suisse First Boston : Barclays retained the debt-focused Fixed Income business and Structured Capital Markets which formed the foundation of the rebranded Barclays Capital ( BarCap ). Barclays Capital had offices in over 29 countries and employed over 20,000 people, with over 7,000 people working in its IT division. In 1998, Barclays Bank agreed to pay $ 3.6m to Jews whose assets were seized from French branches of
2890-587: The Global Compact include, but are not limited to, Starbucks, L'Oreal, Bayer AG, Coca-Cola, 3M, Deloitte, and Zurn. In addition to its signatories, the Global Compact has been repeatedly supported by the UN General Assembly, honoring its 15th anniversary in June 2015 alongside the Secretary-General, Ban Ki-Moon, himself who claims that "Business can be a global force for good" and that "advocacy and example can drive action to achieve
2975-502: The Global Compact recognizes or certifies that these companies have fulfilled the Compact’s principles." Instead, as mentioned in a 2015 interview with then-Executive Director, Lise Kingo , "we are the guide dogs, not the watchdogs", with the organization seeking to prioritize providing resources and support instead of attempting to enforce discipline. The UN Global Compact's goals are intentionally flexible and vague, but it distinguishes
3060-716: The Government's offer and would instead raise £6.5 billion of new capital (£2 billion by cancellation of dividend and £4.5 billion from private investors). Barclays launched a further round of capital raising, approved by special resolution on 24 November 2008, as part of its overall plan to achieve higher capital targets set by the UK's Financial Services Authority to ensure it would remain independent. Barclays raised £7 billion from investors from Abu Dhabi and Qatar. Existing Barclays shareholders complained they were not offered full pre-emption rights in this round of capital raising, even threatening to revolt at
3145-821: The Iraq War, PA developed the "Panama System" to protect UK troops from improvised explosive devices, winning the Management Consultancies Association's top prize for innovation. More recently, the Centre designed a prototype electric vehicle charging point that aims to be “as recognisable as the red post box or black cab” with the Royal College of Art for the UK Government; developed the manufacturing equipment needed to mass produce edible water bottles for Notpla; and helped build
3230-777: The Lloyd's Register Foundation. Building on the Manifesto's recommendations , the UN Global Compact, in partnership with the Lloyd's Register Foundation and the French Centre National de la Recherche Scientifique (CRNS), launched the Global Seaweed Coalition in March 2021, a global coalition to support a safe, sustainable and scalable seaweed industry. Following its creation in 2000 the Global Compact initially focused on support for Ten Principles and
3315-404: The UK government, which was offered to boost its capital ratio. Barclays believed that "maintaining its independence from government was in the best interests of its shareholders". In July 2008, Barclays attempted to raise £4.5 billion through a non-traditional rights issue to shore up its weakened Tier 1 capital ratio , which involved a rights offer to existing shareholders and the sale of
3400-532: The UK to improve adult social care. United Nations Global Compact The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's largest corporate sustainability and corporate social responsibility initiative, with more than 20,000 corporate participants and other stakeholders in over 167 countries. The organization consists of
3485-628: The UK, US, Ireland, Nordics and Netherlands. It is also a member of the United Nations Global Compact , a non-binding UN pact that encourages businesses to adopt sustainable practices, and the WePROTECT Global Alliance, a network of governments and companies aiming to tackle online child exploitation and abuse. PA produced the first two Global Threat Assessments for WePROTECT. The company is privately held, with 65% of shares owned by Jacobs Solutions and
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3570-535: The UN Global Compact after civil society groups demanded that it be delisted. The Global Compact provides a list of over 20,000 active participant organizations, composed of roughly 16,000 businesses and 4,000 non-business entities on its website. The site provides a brief overview of each participant, and a link to their Letter of Commitment (if new), Financial Overview and Contributions (if applicable), Communication on Progress (COP), Communication on Engagement (COE, non-business). Notable companies who have signed on
3655-418: The UN Global Compact's New York headquarters, and coordinate as points of contact for UN Global Compact signatories in their respective countries. The Local Networks of the Global Compact are showcased, but not limited to the interactions chronicled below: Criticisms of the Global Compact often hinge on its choice to position itself as a voluntary organization rather than a regulatory one. Critics argue that in
3740-485: The UN Global Compact, arguing that this would provide a clear statement of a city's commitment to positive change, as well as motivating participation in international dialogue. The proposal was accepted, and the UN Global Compact - Cities Programme was launched in 2002. It was formed as an urban-focused component of the Global Compact with its International Secretariat initially located in Melbourne , Australia. The aim of
3825-625: The US. However, a Barclays spokesman denied the rumours. In February 2008, Barclays bought the credit card brand Goldfish for US$ 70 million gaining 1.7 million customers, and US$ 3.9 billion in receivables. Barclays also bought a controlling stake in the Russian retail bank Expobank for US$ 745 million. Later in the year Barclays commenced its Pakistan operations with initial funding of US$ 100 million. Barclays sought to raise capital privately, avoiding direct equity investment from
3910-588: The absence of effective monitoring and enforcement provisions, the Global Compact fails to hold corporations accountable. Moreover, these critics argue that companies could potentially misuse the Global Compact as a public relations instrument for " bluewashing ". Bluewashing refers to the alleged practice of companies claiming their membership or participation in philanthropic and charity-based activity as an excuse, and perhaps as an entry door to increase corporate influence upon international organizations. Peter Utting, deputy director of UNRISD, and Ann Zammit emphasize
3995-529: The bank has had customers in Zimbabwe for decades and abandoning them now would make matters worse, "We are committed to continuing to provide a service to those customers in what is clearly a difficult operating environment". Barclays also provided two of Mugabe's associates with bank accounts, ignoring European Union sanctions on Zimbabwe. The men are Elliot Manyika and minister of public service Nicholas Goche. Barclays has defended its position by insisting that
4080-559: The bank volunteered the names of Jewish employees, as well as ceding an estimated one hundred Jewish bank accounts to the German occupiers. The Paris branch used its funds to increase the operational power of a large quarry that helped produce steel for the Germans. There was no evidence of contact between the head office in London and the branch in Paris during the occupation. Marcel Cheradame
4165-497: The closure of their operation in Peterborough and its re-siting to Glasgow, laying off nearly 900 members of staff. On 30 August 2007, Barclays was forced to borrow £1.6 billion (US$ 3.2 billion) from the Bank of England sterling standby facility. This is made available as a last-resort when banks are unable to settle their debts to other banks at the end of daily trading. Despite rumours about liquidity at Barclays,
4250-487: The consortium led by Royal Bank of Scotland Group free to proceed with its counter-bid for ABN AMRO. To help finance its bid for ABN AMRO, Barclays sold a 3.1% stake to China Development Bank and a 3% stake to Temasek Holdings , the investment arm of the Singaporean government. Also in 2007, Barclays agreed to purchase Equifirst Corporation from Regions Financial Corporation for US$ 225 million. That year also saw Barclays Personal Investment Management announcing
4335-423: The conventional understanding of that term as it is used in international law . Rather it is a forum for discussion and a network for communication including governments, companies and labour organisations, whose actions it seeks to influence, and civil society organisations, representing its stakeholders. The UN Global Compact says that once companies declare their support for the principles "This does not mean that
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#17327983907014420-409: The data in accordance with the information sharing agreement in place. In 2015, The Carlyle Group bought a majority stake in the company, giving it a value of US$ 1 billion. In October 2017, PA relocated its global corporate headquarters. In April 2018, PA's chairman, Marcus Agius, announced he would step down and assume the role of deputy chairman, with John Alexander replacing him. Alexander made
4505-503: The extraordinary meeting. Sheikh Mansour and Qatar Holding agreed to open up £500 million of their new holdings of reserve capital instruments for clawback . Existing investors now took this up. Bob Diamond led the effort to purchase the North American business of Lehman Brothers after its bankruptcy in September 2008, securing Barclays a presence in U.S. Equities and Investment Banking. On 16 September 2008, Barclays announced its agreement to purchase, subject to regulatory approval,
4590-460: The firm as head of alliances, platforms and products, making the move from Microsoft . And Tracey Countryman took on the role of Head of Markets, joining PA from Accenture . In 2023, Christian Norris was named as CEO. PA has a strong focus on technology dating back to its work with the earliest computers in the 1950s. Its Global Innovation and Technology Centre, designed by Richard Rogers and founded by Professor Gordon Edge in 1970, helped create
4675-514: The firm public. The Butten Trust, after an application to the courts in the UK, agreed to give 15% of its shares to its employees. However, the company changed its strategy after 1992 to one of staff ownership. Between 1991 and 1994, PA reduced its workforce by almost half. In 1992, Jon Moynihan was appointed as chief executive of PA. Jeremy Asher became group CEO in 1998. The firm acquired Hagler Bailly Inc. in 2000 for around $ 96 million in cash. Government figures released in 2010 showed that PA
4760-440: The first nine Principles. On 24 June 2004, during the first Global Compact Leaders Summit, Kofi Annan announced the addition of the tenth principle against corruption in accordance with the United Nations Convention Against Corruption adopted in 2003. Human Rights Labour Environment Anti-Corruption The Ten Principles represent a set of core values drawn from major international agreements. The Ten Principles and
4845-488: The following channels through which it provides facilitation and encourages dialogue: policy dialogues, learning, local networks and projects. The Global Compact creates resources and guides that business and non-profit organizations may use in their efforts to support the Compact's overall mission. One such example is the SDG Compass, developed in collaboration with the Global Reporting Initiative (GRI) and World Business Council for Sustainable Development (WBSCD), which
4930-422: The global business community and the UN System ". The UN Global Compact is a founding member of the United Nations Sustainable Stock Exchanges (SSE) initiative along with the Principles for Responsible Investment (PRI) , the United Nations Environment Programme Finance Initiative (UNEP-FI) , and the United Nations Conference on Trade and Development (UNCTAD) . The UN Global Compact was initially launched with
5015-448: The importance of critically examining UN-Business Partnerships. Critics have included an informal network known as Global Compact Critics that cited a lack of mechanisms for sanctioning non-compliance or lack of progress. The Global Compact Critics formally disbanded in February 2015. Similarly, the Alliance for a Corporate-Free UN, which also no longer exists, was a campaigning organization led by Corpwatch that highlighted weaknesses in
5100-426: The loan was necessary due to a technical problem with their computerised settlement network. A Barclays spokesman was quoted as saying "There are no liquidity issues in the U.K markets. Barclays itself is flush with liquidity." On 9 November 2007, Barclays shares dropped 9% and were even temporarily suspended for a short period of time, due to rumours of a £4.8 billion (US$ 10 billion) exposure to bad debts in
5185-452: The move from environmental and sustainability consultancy ERM , where he took the company through two rounds of private equity funding. In December 2018, PA announced it was appointing a new head of its Americas business, Ken Toombs. The group announced Ken Toombs as CEO in October 2020, following on from Alan Middleton who stepped down after 13 years as CEO of the consultancy. In November 2020, PA’s board announced its recommendation to accept
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#17327983907015270-425: The name Barclays Bank (Dominion, Colonial and Overseas)—Barclays DCO. In 1938, Barclays acquired the first Indian exchange bank, the Central Exchange Bank of India, which had opened in London in 1936 with the sponsorship of Central Bank of India . In 1941, during the German occupation of France , a branch of Barclays in Paris, headed by Marcel Cheradame, worked directly with the invading force. Senior officials at
5355-417: The name Personnel Administration and was known as simply PA Consulting Group. PA expanded and, by 1970, was the world’s largest management consulting firm by headcount. PA had also expanded geographically, mostly along the lines of the Commonwealth , with its operations in Australia providing about a third of the firm's revenue. Butten retired from PA in 1970, having earlier sold his 100% shareholding in PA to
5440-482: The only U.S. member cities. The Cities Programme ended in 2021. Local networks of the Global Compact advance the initiative and its ten principles at a country level. Currently, there are approximately 85 Local Networks in total. These networks help companies and non-profit organizations understand what responsible business means within diverse national, cultural, and linguistic contexts. Additionally, there are related programmes for particular topics of interest, such as
5525-467: The original head office in Woolwich . Barclays closed 171 branches in the UK in 2001, many of them in rural communities: Barclays called itself "The Big Bank", but this name was quickly given a low profile after a series of embarrassing PR stunts. On 31 October 2001, Barclays and CIBC agreed to combine their Caribbean operations to establish a joint venture company known as FirstCaribbean International Bank (FCIB). In April 2002, Barclays enacted
5610-449: The principles underlying the Global Compact. The Global Compact was also criticized by Maude Barlow, senior adviser on water issues to the President of the United Nations General Assembly in December 2008, for bluewashing. While the Global Compact does expel members, this is generally done in response to failure to register reports with the organization, rather than in response to an organization's broader actions. For example, Leaders of
5695-415: The productivity of their workers. PA was an offshoot of the pre-war Bedaux Company . Bedaux in turn had been developed based on the 'scientific management' theories of Frederick Winslow Taylor and Frank Gilbreth . Butten sought to take the mechanistic and task-orientated concepts of scientific management and add a human dimension to them. The chief idea, along the lines of Douglas McGregor 's ' Theory Y ',
5780-426: The programme is to improve urban life in cities throughout the world. Melbourne became the first city to engage in the Global Compact in June 2001. In April 2003, under the directorship of David Teller, a framework called the Melbourne Model was developed that went beyond the Ten Principles. It begins by drawing the resources of government, business and civil society into a cross-sector partnership in order to develop
5865-473: The remaining 35% owned by current and former employees. Staff can buy shares during an annual share-trading period. PA was founded in 1943 as Personnel Administration by Ernest E. Butten, Tom H. Kirkham and Dr David Seymour. Britain's war effort created great demand for munitions and goods, which had to be produced by a relatively unskilled workforce. Butten and his colleagues formed Personnel Administration Limited to provide advice to industry as to how to improve
5950-505: The scope of business solutions. However, research shows that global carbon dioxide emissions are 60% higher in 2021 than in 1990, and now require fundamental system-level changes. The first Global Compact Leaders Summit, chaired by Secretary-General Kofi Annan , was held in UN Headquarters in New York on 24 June 2004, to bring "intensified international focus and increased momentum" to the UN Global Compact. The second Global Compact Leaders Summit, chaired by Secretary-General Ban Ki-moon ,
6035-402: The slave trade in 1756. David Barclay of Youngsbury (1729–1809), on the other hand, was a noted abolitionist , and Verene Shepherd , the Jamaican historian of diaspora studies , singles out the case of how he chose to free his slaves in that colony . In 1776, the firm was styled "Barclay, Bevan and Bening" and remained so until 1785, when another partner, John Tritton, who had married
6120-448: The ten principles in business activities around the world" and to "catalyse actions in support of broader UN goals, such as the Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs) ". The organization solicits commitments to specific sustainability and social responsibility goals from CEOs and highest-level executives, and in turn offers training, peer-networks and a functional framework for responsibility, taking
6205-478: The ten principles, efforts to support development objectives, and engagement in the Global Compact was released. In 2009 Rotary International partnered with the UN Global Compact. This was a very friendly partnership since Rotary International played a role in the chartering of the United Nations. In 2001, the City of Melbourne proposed that cities, as well as corporations, should be allowed to join
6290-730: The third director of the UN Global Compact Cities Programme and in February 2016 an Urban Thinkers Campus was organised at RMIT Melbourne in collaboration with World Vision International as part of the buildup to UN Habitat III. The theme of the Urban Thinkers Campus was Ethical Cities: Locking in Liveability. This was followed by the organisation of an Urban Innovation Forum on Ethical Cities in July 2016 in Barcelona, Spain as
6375-565: The tribe Ayoreo Indians in Paraguay wrote to the UN Global Compact saying they are "concerned and frustrated" by its inclusion of a controversial Brazilian ranching company, Yaguarete Porá. The company has been charged and fined for illegally clearing the Ayoreo's forests and concealing evidence of uncontacted Ayoreo living there. The Ayoreo asked that the company be expelled from the Global Compact. The Brazilian Vale mining company withdrew from
6460-526: The world's first cash dispenser . Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2008. Barclays has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index . It has
6545-519: The world's first cash machine , in Enfield ; Barclays Bank, Enfield . The British actor Reg Varney was the first person to use the machine. In 1969, a planned merger with Martins Bank and Lloyds Bank was blocked by the Monopolies and Mergers Commission , but the acquisition of Martins Bank on its own was later permitted. Also that year, the British Linen Bank subsidiary was sold to
6630-569: The world’s biggest battery in California with Vistra Energy. PA's venture programme (PA Group Ventures) was established in 2000. Ventures include a third-generation mobile phone business called UbiNetics that was sold for a total of $ 133 million in 2005; and Meridica – a drug delivery system company – that was sold to Pfizer for $ 125 million in 2004. PA demerged its venture arm, Ipex Capital, in June 2008. Other recent ventures include: Exacsys, which develops solutions to improve Point of Care (PoC) diagnostic systems. One application of this technology
6715-499: Was further elaborated, with a sustainability indicators programme developed as a way of assessing and monitoring progress. In 2012, the Circles of Sustainability method was elaborated to guide a city or urban region through a rigorous assessment process. As one of the outcomes, it provides a figurative image of the overall sustainability of that city to illustrate its strengths and weaknesses. In 2015, RMIT Professor Ralph Horne became
6800-718: Was held on 5–6 July 2007 at the Palais des Nations in Geneva. It adopted the Geneva Declaration on corporate responsibility. Marking the 10th anniversary of the Global Compact's launch, the Global Compact Leaders Summit 2010 took place on 24–25 June 2010 in New York. On the occasion, the Blueprint for Corporate Sustainability Leadership identifying leadership criteria linked to implementation of
6885-514: Was kept as the branch manager until he retired in the sixties. In May 1958, Barclays was the first UK bank to appoint a female bank manager. Hilda Harding managed Barclays' Hanover Square branch in London until her retirement in 1970. In 1965, Barclays established a US affiliate, Barclays Bank of California, in San Francisco . Barclays launched the first credit card in the UK, Barclaycard , in 1966. On 27 June 1967, Barclays deployed
6970-461: Was replaced by Marcus Agius , the former chairman of Barclays Bank . In March 2014 the company launched a new logo (the third in its history), a new visual identity and redesigned website. Also in March 2014, Health Select Committee member Sarah Wollaston MP questioned PA Consulting's uploading of a pseudonymised extract of Hospital Episode Statistics to Google BigQuery . The Health and Social Care Information Centre confirmed that PA had used
7055-410: Was that by involving the worker in the process of change and a suitable form of ownership, greater gains could be made both by the worker and the organisation. PA's first assignment was to train volunteer women to assemble the tail gun section of Avro Lancaster bombers, as part of Britain's policy of bringing women into the factories to free up male workers for the armed forces. By 1964, PA had dropped
7140-458: Was the second largest beneficiary of UK Government contracts to consulting firms, receiving £11million over the first year of the coalition . It has gained publicity for its work on analysing what it has called the zombie economy. Other work includes its annual survey of opinion in higher education, and ongoing technological innovations, including a new type of round kitchen towel. On 31 December 2013, Jon Moynihan retired as executive chairman, and
7225-833: Was to be used for Barclays mortgages. Barclays also exited retail-banking operations in the Caribbean-region which extended as far back as 1837 through selling of its joint venture stake in FirstCaribbean International Bank (FCIB) to CIBC for between $ 989 million and $ 1.08 billion. In March 2007, Barclays announced plans to merge with ABN AMRO , the largest bank in the Netherlands. However, on 5 October 2007 Barclays announced that it had abandoned its bid, citing inadequate support by ABN shareholders. Fewer than 80% of shares had been tendered to Barclays' cash-and-shares offer. This left
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