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 73 is higher than 85% 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 2024, NatWest Group reported total carbon emissions of approximately 66,333,000 kg CO2e across all scopes. This includes about 9,402,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and approximately 126,000 kg CO2e from Scope 2 emissions. The majority of their emissions, around 66,333,000 kg CO2e, stem from Scope 3, which encompasses various categories such as business travel (30,000,000 kg CO2e) and downstream leased assets (10,000,000 kg CO2e). NatWest has set ambitious climate commitments, aiming for net-zero emissions by 2050 across its operational value chain, which includes all relevant categories in Scope 3. In the near term, the bank targets a 50% reduction in its direct operations emissions (Scope 1 and 2) by 2025, using a 2019 baseline. Additionally, they aim to halve the climate impact of their financing activities by 2030. The bank has achieved a 54% reduction in Scope 1 and 2 location-based emissions against a 2019 baseline and is committed to further decarbonisation efforts. NatWest is also a founding member of the Net Zero Banking Alliance, reinforcing its commitment to sustainable finance and responsible investment practices. Overall, NatWest's climate strategy reflects a comprehensive approach to reducing emissions and addressing climate change, aligning with industry standards and expectations.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 30,695,000 | 00,000,000 | 00 | 00,000,000 | 00,000,000 | 00 | 00 | 00 |
| Scope 2 | 69,391,000 | 00,000,000 | 000 | 00,000,000 | 0,000,000 | 00 | 000,000 | 000,000 |
| Scope 3 | 67,174,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
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 participating in some of the initiatives that 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.
