Natwest

NatWest, a UK-based commercial banking institution, aims for net-zero emissions across its operational value chain, financed emissions, and assets under management by 2050.

In 2025, NatWest reported approximately 10,000,000 kg CO2e in Scope 1 emissions, 40,000,000 kg CO2e in Scope 2 emissions (location-based), and 490,000,000 kg CO2e in Scope 3 emissions. This includes significant Scope 3 contributions from purchased goods and services (approximately 280,000,000 kg CO2e) and downstream transportation and distribution (approximately 50,000,000 kg CO2e). For comparison, in 2024, the bank's Scope 1 emissions were approximately 10,000,000 kg CO2e, Scope 2 location-based emissions were about 50,000,000 kg CO2e, and Scope 3 emissions were around 490,000,000 kg CO2e, with purchased goods and services accounting for approximately 290,000,000 kg CO2e.

NatWest has established several near-term reduction targets. They aim to reduce direct own operational Scope 1 and Scope 2 emissions by 50% by 2025 against a 2019 baseline. More broadly, NatWest Group aims for a 70% reduction in Scope 1 and location-based Scope 2 emissions for its operational value chain by 2030, also against a 2019 baseline. For Scope 3, they have an ambition to halve the climate impact of their financing activity by 2030, against a 2019 baseline, and to reduce Scope 3 operational emissions from applicable categories 1-14 by 50% by 2030. NatWest is a Science Based Targets initiative (SBTi) member with near-term targets set at a 1.5°C classification for 2025 and 2030, covering Scope 1 and 2 emissions from company operations.