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 82 is higher than 91% 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 480,000,000 kg CO2e across all scopes. This includes 10,000,000 kg CO2e from Scope 1, 50,000,000 kg CO2e from Scope 2, and a significant 480,000,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (320,000,000 kg CO2e) and employee commuting (40,000,000 kg CO2e). For 2023, NatWest's emissions in Great Britain were approximately 51,167,000 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at 11,958,000 kg CO2e and Scope 2 emissions at 39,209,000 kg CO2e (location-based). NatWest has set ambitious climate commitments, targeting net zero emissions by 2050 across its operational value chain, which encompasses all relevant categories in Scope 3. In the near term, the bank aims to reduce its Scope 1 and location-based Scope 2 emissions by 50% by 2025, using a 2019 baseline. Additionally, it plans to halve the climate impact of its financing activities by 2030, also against a 2019 baseline. The bank has achieved a 54% reduction in its Scope 1 and 2 location-based emissions since 2019 and is committed to further decarbonisation as part of its climate transition plan. NatWest 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 Group's climate strategy reflects a comprehensive approach to reducing emissions across its operations and financing activities, aligning with industry standards and global climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 30,695,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 219,979,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 67,174,000 | 00,000,000 | 000,000,000 | 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.
