National Westminster Bank Plc Sustainability Profile
National Westminster Bank Plc, commonly known as NatWest, is a prominent financial institution headquartered in Great Britain. Established in 1968, NatWest has evolved into a key player in the banking industry, primarily serving the UK and parts of Europe. The bank offers a comprehensive range of services, including personal and business banking, mortgages, and investment solutions, distinguished by its commitment to customer service and innovative digital banking solutions. With a strong market position, NatWest has garnered recognition for its efforts in sustainability and community support, making significant strides in responsible banking practices. The bank's focus on technology-driven services and customer-centric products has solidified its reputation as a trusted financial partner for millions. As it continues to adapt to the changing financial landscape, NatWest remains dedicated to delivering value and fostering financial well-being for its customers.
DitchCarbon Score
How does National Westminster Bank Plc's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
National Westminster Bank Plc's score of 78 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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National Westminster Bank Plc (NatWest) has set a significant climate commitment to achieve net zero emissions by 2050 across all scopes, including financing emissions, assets under management, and its operational value chain. This long-term target, initiated in 2019, reflects the bank's dedication to addressing climate change and aligns with broader industry standards. As of now, there is no specific emissions data available for National Westminster Bank Plc, indicating a potential gap in reporting or data collection. However, the bank's climate initiatives are cascaded from its parent company, NatWest Group plc, which is actively engaged in various sustainability efforts, including participation in the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). The bank's commitment to sustainability is further reinforced by its alignment with industry initiatives such as RE100, which focuses on renewable energy, and CA100+, aimed at driving corporate climate action. These initiatives underscore National Westminster Bank's proactive approach to reducing its carbon footprint and contributing to global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 20,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 120,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 3 | 860,000,000 | - | - | 00,000,000,000 | 00,000,000,000 | 000,000,000 |
How Carbon Intensive is National Westminster Bank Plc's Industry?
How Carbon Intensive is National Westminster Bank Plc's Location?
National Westminster Bank Plc's Scope 3 Categories Breakdown
National Westminster Bank Plc's Scope 3 emissions, which decreased by 97% last year and decreased by approximately 42% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 64% of Scope 3 emissions.
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National Westminster Bank Plc's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
National Westminster Bank Plc has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
