Natwest

NatWest, a Commercial Banking firm headquartered in GB, reported Scope 1 emissions of 10,000,000 kg CO2e, Scope 2 emissions (location-based) of 40,000,000 kg CO2e, and Scope 3 emissions of 490,000,000 kg CO2e in 2025. These Scope 3 emissions include categories such as capital goods (40,000,000 kg CO2e), business travel (30,000,000 kg CO2e), employee commute (60,000,000 kg CO2e), upstream leased assets (20,000,000 kg CO2e), purchased goods and services (280,000,000 kg CO2e), fuel and energy related activities (10,000,000 kg CO2e), and downstream transportation and distribution (50,000,000 kg CO2e).

The company is committed to achieving net-zero emissions by 2050 across its operational value chain, covering all relevant Scope 1, 2, and 3 categories. NatWest also aims for a 70% reduction in its Scope 1 and location-based Scope 2 emissions by 2030, against a 2019 baseline. Furthermore, it has a near-term target to reduce direct operational emissions (Scope 1 and 2) by 50% by 2025, against a 2019 baseline. For Scope 3 operational emissions from applicable categories 1-14, NatWest aims for a 50% reduction by 2030, against a 2019 baseline. The company also has an ambition to at least halve the climate impact of its financing activity by 2030, against a 2019 baseline, with this target currently on track. NatWest's Science Based Targets initiative (SBTi) commitments indicate that targets covering greenhouse gas emissions from company operations (Scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C.