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Sustainability

Accelerating the transition to a low carbon economy

Our climate strategy

Climate is at the heart of our purpose.

NatWest, as part of the wider NatWest Group strategy, are setting out a bold new ambition to be a leading bank in the UK & Republic of Ireland helping to address the climate challenge; by making our own operations net carbon zero in 2020 and climate positive by 2025, and by driving material reductions in the climate impact of our financing activity.

 

Becoming climate positive will require UK and international industry, regulators and experts to come together and find solutions. By embedding climate into our culture and into our decision making, we are determined to not just play our part, but to lead on the collaboration that is so critical to influencing the transition to a low carbon economy.

What are we doing?

We have been supporting Sustainable Energy projects for over 25 years and this year we announced the ambition to be a leading bank in the UK and Republic of Ireland in addressing the climate challenge.

How we're supporting sustainability & positive climate change

Our current focus

1. Championing solutions that help to reduce climate change and help our customers to reduce their carbon impact

2. Stop lending and underwriting to companies unless they have plans aligned to the 2015 Paris Agreement

The Paris Agreement is the first-ever universal, legally binding global climate change agreement, adopted at the Paris Climate Conference in December 2015.

3. Make sure that we’re carbon neutral ourselves by the end of 2020 and climate positive by 2025

The past decade

2019: We became a founding signatory of the UN Principles of Responsible Banking

Additionally, we surpassed our £10bn commitment to the Sustainable Energy sector a full year ahead of schedule and were recognised as a leading lender to the UK renewables sector over the past 10 years.

2018: We strengthened energy financing policies covering coal, oil and gas sectors to support low carbon transition

2017: We publicly pledged support to the Task Force on Climate-related Financial Disclosure

Before 2010

2003: We formed a Sustainable Banking team to address climate issues both internal to the bank and for customers

1991: We financed the first commercial onshore wind farm built in the UK

What is climate change?

Our short video explains the basic science behind climate change.

 

Want to learn more?

 

There are lots of great resources out there, but we've listed some of our favourites in the additional resources section.

Our latest climate articles

World Environment Day: change in the air

Has lockdown given us the opportunity to create lasting environmental change?

Save money, save the planet

Teaching your children how to be eco-friendly doesn’t just help the planet: it can also be good for your family’s bank balance.

Climate and sustainable finance news

Developments in the green energy sector and beyond.

Going paperless

Switching to paperless is a quick and easy way to reduce your carbon footprint. Mail and statements can be viewed via online banking or in our mobile app, making it a safe and handy way to manage all your documents.

Additional resources

Taking action

We Are Possible provide practical tips on how to take action on climate change.

Energy Saving Trust helps you cut your bills and reduce your carbon emissions.

From carbon calculators to carbon offsetting tips and climate community projects, carbonfootprint.com has it all.

Google’s Your Plan Your Planet tool offers simple, personalised recommendations for how you can reduce your carbon footprint.

Climate education

NASA’s Climate Kids website brings climate science to life with fun games, interactive features and exciting articles.

The United Nations website explains their global Sustainable Development Goals.

The World Wide Fund for Nature (WWF) is the world's leading independent conservation organisation. Their website provides education, news articles and tools for taking action.

 

Industry insights

RenewableUK is the trade association for wind power, wave power and tidal power industries in the United Kingdom.

The Association for Renewable Energy and Clean Technology (REA) is a trade association for the renewables industry in the UK, covering renewable power, heat, and transport.

There are a range of Ted Talks which offer bold new perspectives on climate change by industry experts.

The Low Carbon Vehicle Partnership (LowCVP) is a public-private partnership accelerating a sustainable shift to lower carbon and cleaner vehicles.

Something else we can help you with?