Natwest Sustainability Profile
NatWest Group plc, commonly known as NatWest, is a prominent banking institution headquartered in Great Britain. Established in 1968, the bank has evolved significantly, becoming a key player in the UK financial services sector. With a strong presence across England, Wales, and Scotland, NatWest primarily operates in retail and commercial banking, offering a range of services including personal banking, business accounts, and wealth management. NatWest is renowned for its commitment to customer service and innovation, providing unique digital banking solutions that enhance user experience. The bank has achieved notable milestones, including its role in supporting small businesses and its focus on sustainable finance. As a leading financial institution, NatWest continues to strengthen its market position, driven by a dedication to responsible banking and community engagement.
DitchCarbon Score
How does Natwest'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
Natwest's score of 95 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Natwest's reported carbon emissions
In 2024, NatWest Group reported total carbon emissions of approximately 87,160,000 kg CO2e in Great Britain, comprising 8,716,000 kg CO2e from Scope 1, 35,219,000 kg CO2e from Scope 2 (location-based), and 45,413,000 kg CO2e from Scope 3 emissions. The total emissions for the global operations were about 100,000,000 kg CO2e for Scope 1, 12,600,000 kg CO2e for Scope 2 (market-based), and 320,000,000 kg CO2e for Scope 3. NatWest has set ambitious climate commitments, aiming for net-zero emissions across its operational value chain by 2050, which includes all relevant categories in Scope 3. The bank has also committed to reducing its direct operational emissions (Scope 1 and 2) by 50% by 2025, using a 2019 baseline. Additionally, it aims to halve the climate impact of its financing activities by 2030, also against a 2019 baseline. In terms of recent achievements, NatWest has reported a 54% reduction in its Scope 1 and 2 location-based emissions since 2019 and is on track to meet its near-term targets. The bank is a founding member of the Net Zero Banking Alliance, reinforcing its commitment to sustainable finance and climate action. Overall, NatWest Group's climate strategy reflects a comprehensive approach to reducing emissions and supporting the transition to a low-carbon economy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 Natwest's Industry?
How Carbon Intensive is Natwest's Location?
Natwest's Scope 3 Categories Breakdown
Natwest'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.
Top Scope 3 Categories
Natwest'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.
Natwest has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Lloyds Banking Group
Nordea Bank
Commerzbank
PKO Bank Polski
Ubs
Frequently Asked Questions
Common questions about Natwest's sustainability data and climate commitments