Natwest
NatWest, officially known as National Westminster Bank, is a prominent financial institution headquartered in Great Britain. Established in 1968, it has evolved into a key player in the banking sector, primarily serving the UK and parts of Europe. The bank operates within the retail and commercial banking industry, offering a diverse range of services including personal banking, business accounts, mortgages, and investment solutions. NatWest is recognised for its commitment to innovation, particularly in digital banking, which enhances customer experience and accessibility. With a strong market position, it has received accolades for its customer service and sustainability initiatives. As part of the NatWest Group, the bank continues to build on its legacy, focusing on responsible banking and community support, making it a trusted choice for millions of customers.
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 51 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Natwest's reported carbon emissions
In 2023, NatWest Group reported total carbon emissions of approximately 670,176,000 kg CO2e, with emissions distributed across various scopes: Scope 1 emissions were about 12,922,000 kg CO2e, Scope 2 emissions (location-based) were approximately 51,829,000 kg CO2e, and Scope 3 emissions accounted for the majority at around 670,176,000 kg CO2e. NatWest has made significant strides in reducing its carbon footprint, achieving a 54% reduction in Scope 1 and Scope 2 location-based emissions against a 2019 baseline. This reduction is part of their long-term commitment to reach net-zero emissions by 2050, as outlined in their Climate Transition Plan. The bank's targets cover 39% of its total exposure, with 79% of its consumer and corporate lending portfolio included in these targets as of December 2019. The bank's emissions reduction initiatives are aligned with the Science Based Targets initiative (SBTi), which aims to limit global warming to 1.5°C. NatWest's commitment to net-zero encompasses all scopes of emissions, demonstrating a comprehensive approach to tackling climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 20,782,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 48,112,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 108,713,000 | 00,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Natwest is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
