Natwest
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 70 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Natwest's reported carbon emissions
In 2023, NatWest Group reported total carbon emissions of approximately 51,167,000 kg CO2e from Scope 1 and Scope 2 sources in Great Britain. This includes 11,958,000 kg CO2e from Scope 1 and 39,209,000 kg CO2e from Scope 2 (location-based). The bank has made significant strides in reducing its carbon footprint, achieving a 54% reduction in Scope 1 and Scope 2 emissions against a 2019 baseline, with a commitment to further decarbonisation towards a net-zero target by 2050. NatWest has set ambitious near-term targets, aiming to halve the climate impact of its financing activities by 2030. This commitment encompasses all scopes of emissions and reflects the bank's dedication to sustainable finance. Additionally, their portfolio targets cover 39% of total exposure, with 79% of consumer and corporate lending included, aligning with the Science Based Targets initiative (SBTi) to ensure reductions consistent with limiting global warming to 1.5°C. Overall, NatWest's climate commitments demonstrate a proactive approach to addressing climate change, with a clear roadmap for future reductions and a focus on sustainable practices within the financial sector.
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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 | 48,112,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000,000 |
| Scope 3 | 860,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 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.
