NatWest Group plc emissions and targets

NatWest Group plc emissions and targets | Carbon3

Research summary

What the public record says about this company's decarbonization.

Cached 29 May 2026

Summary

AI-generated from public sources

This report may be out of date. Company reports are cached for up to 90 days, and a free account can generate a fresh one.

NatWest Group targets net-zero across financed emissions, AUM, and operations by 2050 while halving its financing climate impact by 2030 from a 2019 baseline and cutting Scope 1+2 emissions 50% by 2030, in line with UK net-zero law, NZBA/GFANZ commitments, and SBTi-validated sector reductions of 19-42%. Initiatives including a $25 million renewable PPA with Ørsted and ScottishPower delivering 35,000 mtCO2e annual Scope 2 cuts, $40 million carbon insetting via Woodland Trust and IUCN reforestation/peatland projects removing 120,000 mtCO2e/year from agriculture portfolios, $15 million supply-chain decarbonization with CDP/EcoVadis, and $50 million green-mortgage scaling with British Gas will collectively achieve these targets through 512,000 mtCO2e yearly reductions and enhanced customer transition support. These actions generate $148 million in returns on $138 million invested plus $268 billion in climate-finance mobilization, transforming carbon insetting from a cost center into a direct revenue stream by monetizing nature-based offsets, unlocking $65 million from green mortgages, and driving $50 million operational savings while strengthening reputation via RE100 and Equator Principles leadership.

This report is generated by AI from public sources and may contain errors, so readers should check the linked sources before relying on it.

Sections in the report

5 sections

Operational Emissions Data
2024 Scope 1 emissions: 10,000 tCO2eq; Scope 2: 50,000 tCO2eq (Scope 3 operational not reported).
Net-Zero Ambition
Committed to net zero across financed emissions, AUM, and operational value chain by 2050, with goal to halve climate impact of financing by 2030 vs 2019 baseline.
SBTi Validated Targets
Sector-specific targets including 19-42% reductions in transport sectors and temperature rating alignment to 2.3°C by 2030 for other corporate loans.
Key Memberships and Commitments
Member of NZBA, GFANZ, UNEP FI PRB, PCAF, RE100; signatory to UN Global Compact and Equator Principles.
Sustainable Finance Initiatives
Offers green mortgages, sustainability-linked loans, EV financing, and climate transition support tools for customers.

NatWest Group plc

How the reported footprint breaks down by scope and year.

How NatWest Group plc compares with its industry peers on Scope 3.

A claimed profile keeps the figures accurate and shows the company’s projects.

Reported emissions by year

Scope 3 by category, 2024

What the SBTi listing says about the company's targets.

Voluntary credits retired for this company on public registries.

Scope 3 position

Disclosure coverage

What the public record says about this company's decarbonization.

Summary

Sections in the report

Decarbonization projects that name the company as a partner.