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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.
+37 vs industry average
Natwest’s score of 94 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Commercial Banking has below-average carbon intensity
The Commercial Banking industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
NatWest's latest reported carbon emissions for 2025 total approximately 540,000,000 kg CO2e, encompassing Scope 1, 2, and 3 emissions. This includes Scope 1 emissions of approximately 10,000,000 kg CO2e and Scope 2 emissions of approximately 40,000,000 kg CO2e. Scope 3 emissions accounted for the largest portion, at approximately 490,000,000 kg CO2e, with purchased goods and services being a significant contributor within this scope.
For 2024, NatWest reported total emissions of approximately 550,000,000 kg CO2e. Scope 1 emissions were around 10,000,000 kg CO2e, and Scope 2 emissions were approximately 50,000,000 kg CO2e. Scope 3 emissions totalled approximately 490,000,000 kg CO2e, with purchased goods and services representing a substantial part.
In 2023, NatWest's total emissions were approximately 580,000,000 kg CO2e. This comprised Scope 1 emissions of approximately 10,000,000 kg CO2e, Scope 2 emissions of approximately 50,000,000 kg CO2e, and Scope 3 emissions of approximately 520,000,000 kg CO2e.
NatWest has set a clear net-zero ambition, aiming to achieve net zero by 2050 for its operational value chain emissions, covering Scopes 1, 2, and all relevant categories in Scope 3. Furthermore, the bank aims to halve the climate impact of its financing activity by 2030, against a 2019 baseline. They also have a target to reduce their direct own operations emissions (Scope 1 and Scope 2 location-based) by 70% by 2030, compared to a 2019 baseline. In addition, NatWest aims to reduce its direct own operations emissions by 50% by 2025, using a 2019 baseline.
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2050
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