As part of the NatWest Group, our climate ambition is to be a leading bank in the UK in helping to address the climate challenge.
We want to deliver a more sustainable economy and future for the customers and communities we serve.
Action we are taking includes:
- Net zero by 2050 across our financing emissions, assets under management and operational value chain.
- At least half the climate impact of our funding activity by 2030, against a 2019 baseline, and align with the 2015 Paris Agreement.
- £100bn climate and sustainable funding and financing provided between 1 July 2021 and the end of 2025. As part of this we aim to provide at least £10 billion in lending for EPC A and B rated residential properties between 1 January 2023 and the end of 2025.
- 50% reduction in emissions from our operational value chain by 2030, against a 2019 baseline.
- 50% of our UK mortgage customers' homes at or above EPC C rating by 2030.
- 50% reduction in emissions from our own direct operations by 2025, against a 2019 baseline.
- We plan to phase-out of coal for UK and non-UK customers who have UK coal production, coal fired generation and coal related infrastructure by 1 October 2024, with a full global phase-out by 1 January 2030.
