NatWest, officially known as National Westminster Bank, is a prominent player in the commercial banking sector, headquartered in Great Britain. Established in 1968, NatWest has evolved through significant milestones, including its merger with the Royal Bank of Scotland Group in 2000, solidifying its position in the UK banking landscape.
With a strong presence across England, Wales, and Scotland, NatWest offers a diverse range of financial services, including personal and business banking, mortgages, and investment solutions. Its commitment to innovation is evident in its digital banking offerings, which enhance customer experience and accessibility. Recognised for its customer-centric approach, NatWest has received accolades for its sustainable banking initiatives, further establishing its reputation as a leader in the industry.
+33 vs industry average
Natwest’s score of 93 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Commercial Banking is among the least carbon-intensive industries
Industry performance
The Commercial Banking industry has increased its overall emissions by 16% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Natwest's reported carbon emissions
NatWest Group, a leading commercial bank headquartered in GB, has established significant climate commitments, aiming for net zero across its operational value chain by 2050. For 2025, NatWest reported approximately 540,000,000 kg CO2e in total emissions, comprising Scope 1, Scope 2, and Scope 3 emissions. Key emissions data for recent years includes: * **2025:** Total emissions were approximately 540,000,000 kg CO2e. Scope 1 emissions were around 10,000,000 kg CO2e, Scope 2 emissions approximately 40,000,000 kg CO2e, and Scope 3 emissions totalled roughly 490,000,000 kg CO2e. * **2024:** Total emissions were approximately 550,000,000 kg CO2e. Scope 1 emissions were about 10,000,000 kg CO2e, Scope 2 emissions approximately 50,000,000 kg CO2e, and Scope 3 emissions amounted to roughly 490,000,000 kg CO2e. * **2023:** Total emissions reached approximately 580,000,000 kg CO2e. Scope 1 emissions were about 10,000,000 kg CO2e, Scope 2 emissions around 50,000,000 kg CO2e, and Scope 3 emissions totalled approximately 520,000,000 kg CO2e. * **2022:** Total emissions were approximately 210,000,000 kg CO2e, with Scope 1 emissions at about 20,000,000 kg CO2e and Scope 2 at approximately 70,000,000 kg CO2e. Scope 3 data for this year is not fully detailed in the provided dataset, but the total for all scopes was 130,000,000 kg CO2e. * **2019:** Total emissions were approximately 1,070,000,000 kg CO2e. This included Scope 1 emissions of about 20,000,000 kg CO2e, Scope 2 emissions around 120,000,000 kg CO2e, and Scope 3 emissions of approximately 910,000,000 kg CO2e. NatWest Group is committed to science-based targets. The bank has a near-term target to reduce its direct own operations emissions (Scope 1 and Scope 2) by 70% by 2030, against a 2019 baseline. Furthermore, NatWest aims to halve the climate impact of its financing activity by 2030, against a 2019 baseline. The company is also a member of the Science Based Targets initiative (SBTi) and has committed to achieving net zero by 2050 across its financed emissions, assets under management, and operational value chain. Progress has been made, with a reported 54% reduction in Scope 1 and Scope 2 location-based emissions achieved against a 2019 baseline.
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Natwest’s Climate Goals (2030 & 2050)
8 goals2030
70% reduction in Scope 2
NatWest Group aims to reduce its Scope 1 and location‑based Scope 2 emissions by 70% by 2030, against a 2019 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Natwest
Frequently asked questions
Common questions about Natwest’s sustainability data and climate commitments
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