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 80 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Natwest's reported carbon emissions
In 2023, NatWest Group reported its carbon emissions as follows: Scope 1 emissions totalled approximately 11,958,000 kg CO2e, while Scope 2 emissions (location-based) were about 39,209,000 kg CO2e. The combined total for Scope 1 and 2 emissions reached approximately 51,167,000 kg CO2e. However, comprehensive data for Scope 3 emissions was not disclosed for the UK region in 2023. NatWest has set ambitious climate commitments, aiming for net zero across its operational value chain emissions (covering Scopes 1, 2, and relevant Scope 3 categories) by 2050. The bank has also achieved a significant reduction of 54% in its Scope 1 and 2 location-based emissions against a 2019 baseline. Furthermore, it aims to reduce its Scope 1 and location-based Scope 2 emissions by 70% by 2030, using 2019 as the baseline year. In addition to these targets, NatWest is committed to halving the climate impact of its financing activities by 2030. The bank is a founding member of the Net Zero Banking Alliance, reinforcing its commitment to achieving net zero carbon on financed emissions by 2050. Overall, NatWest's climate strategy reflects a strong commitment to sustainability and reducing its carbon footprint in alignment with global climate goals.
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 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.
