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About NatWest Group
NatWest Group, founded in 1727, is a British banking and insurance holding company based in Edinburgh, Scotland. Its main subsidiary companies are The Royal Bank of Scotland, NatWest, Ulster Bank and Coutts. Prior to a name-change in July 2020, it was known as Royal Bank of Scotland (RBS) Group. After a massive bailout in 2008, a majority of RBS' shares were purchased by the UK Government. In 2014 the bank embarked on a restructuring process that saw it refocus on its business in the UK and Ireland. As part of this process it divested its ownership of Citizens Financial Group, the 13th largest bank in the United States, in 2015. As of 2020 it remains 61.93% UK Government owned, via UK Financial Investments (UKFI).
36 St Andrew Square
EH2 2YB Edinburgh Scotland
Alison Rose |
Annual report 2021|
CSR report 2021
listed on London Stock Exchange
Natwest Group is majority-owned by the UK government, which holds 50.94 % (dated Feb 11 2022) of the shares.
|Complaints and grievances||
NatWest Group does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. However, the bank can be contacted via the contact form here (e.g. using ‘General Service’ as account type).
Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).
Related Dodgy Deals
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-natwest-group-2020/
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Banks and Climate
Bank net zero commitments
Goal 2025/2030: Cut climate impact of lending 50% by 2030; committed to set sector-specific commitments by 2022; committed to set SBT. Also joined NZBA.
Goal 2050: NZBA. Pledged to publish long-term target for aligning with Paris temperature goals (CCCA)
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
This page evaluates NatWest Group's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Banks failing to address severe human rights impacts transparently, finds BankTrack research
Barclays, RBS, HSBC, Credit Suisse and UBS fined for taking part in forex trading cartel
Britain turns to bankers to blaze a green trail
Glasgow wrap-up: updates from banks and civil society at COP26
Climate groups call out banks lobbying for watered down Net Zero Commitments
Meet the banks funding the owners of the Cambo oil field
Equator Banks involved in financing at least 200 fossil fuel projects since Paris
Banks due at UK’s ‘Green’ Investment Summit ‘financed £700 billion in fossil fuels since Paris Agreement’
‘Wreckers of the Earth’: 300 London-based companies destroying the planet
Banks and biodiversity: are banks moving towards Kunming?
New report exposes billions in European financial support to companies in illegal Israeli settlements
Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit
New research puts big banks’ sustainability claims in doubt
Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming
Revealed: Businesses and banks behind global plastic waste crisis
UK banks’ support for coal industry has risen since 2015 Paris climate pact
The City of London, home of coal finance
New bank climate initiative fails to grasp urgent need to end finance for fossil fuels
Leading finance firms sign up to Mark Carney forum on low-carbon investment
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
Banking beyond deforestation
Bank lending to plastics industry faces scrutiny as pollution concerns mount
Six years of the Soft Commodities Compact failed to slow bank finance for deforestation
Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance
A call to action on the Principles for Responsible Banking: End climate-destructive financing now
Western banks provide billions in backing for firms driving tuna species to collapse
Principles for Responsible Banking no obstacle to finance climate destruction
NatWest Group becomes first major UK bank to join the Partnership for Carbon Accounting Financials
Global finance sector failing to apply conservation criteria to pulp and paper funding
Banking on Climate Change – Fossil Fuel Finance Report Card 2020
Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels
Big four UK banks providing billions for coal power expansion, urged to ‘clean up their acts’ for Glasgow COP
4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows
Civil society groups call on new CEO to make RBS banking sector ‘climate leader’
Royal Bank of Scotland joins growing number of financial institutions rejecting Arctic Refuge drilling
Antitrust: Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartel
Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact
Banking on Climate Change – Fossil Fuel Finance Report Card 2019
Every two weeks a bank, insurer or lender announces new coal restrictions
Banks massively financing fossil fuels unclear about future of ... fossil fuels
New briefing paper on RWE – Europe’s worst polluter – for investors, insurers and banks
RBS introduces new energy financing policies to support low carbon transition
Royal Bank of Scotland Announces New Policy Ahead of Tomorrow’s Shareholder Meeting
Report finds major banks ramped up fossil fuel financing to $115 billion in 2017
Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing
Financiers of pulp and paper industry projects will cause environmental and social harm, says new report
New report: HSBC a ‘crucial link in the chain’ of Palestinian oppression says War on Want
More black marks for coal-hungry UK banks in latest Report Card
Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa