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 61 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 60000000 kg CO2e, with Scope 1 emissions at about 11958000 kg CO2e and Scope 2 emissions (location-based) at approximately 39209000 kg CO2e. The bank's Scope 3 emissions were significantly higher, reaching about 510000000 kg CO2e, indicating a substantial impact from its value chain activities. 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 climate commitments include setting science-based targets that cover 39% of its total exposure, with a focus on consumer and corporate lending. These targets align with the necessary reductions to limit global warming to 1.5°C, demonstrating NatWest's dedication to sustainable finance and responsible banking practices. Overall, NatWest's ongoing efforts reflect a proactive approach to addressing climate change, with a clear roadmap for further decarbonisation in the coming years.
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 | 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.
