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NatWest GroupUnited Kingdom
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Created before Nov 2016
Last update: 2021-02-23 00:00:00

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NatWest Group's headquarters in Edinburgh. Photo: Tharnton345 via Wikimedia Commons (CC BY SA 3.0)

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).

Website https://www.natwestgroup.com/
Headquarters
36 St Andrew Square
EH2 2YB Edinburgh Scotland
United Kingdom
CEO/chair Alison Rose
CEO
Supervisor
Bank of England
Annual report Annual report 2020
Ownership
listed on London Stock Exchange

Natwest Group is majority-owned by the UK government since 2008, which currently holds 61.93 % of the shares.

Related Dodgy Deals

NatWest Group has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

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Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
59.5
6.05E+19
0
United Kingdom
Profile
Laggard
Follower
59.5
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 59.5 points out of 200

19.5 points out of 120 for oil and gas policy.

40 points out of 80 for coal policy.

See: Banking on Climate Change - policy scores

Explanation

A bank can obtain a total of 200 policy points for its overall fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).

For more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-05-11
GBR
15.5
16500000000
0
United Kingdom
Profile
Laggard
15.5
Follower
Front runner
Leader
1589148000
Last update: 2020-05-11
Explanation

Total: 15.5 points out of 89

1.5 points for a weak exclusion of tar sands projects: RBS prohibits lending for tar sands exploration and extraction projects, but not transportation.

1.5 points for a weak exclusion of Arctic oil and gas projects: RBS's commitment excludes lending to oil exploration and production projects in the Arctic or Antarctic, but does not cover underwriting such projects, nor does it cover gas in the region.

1.5 points for a weak exclusion of offshore oil and gas projects: RBS prohibits lending to projects involving exploration for new oil and gas reserves, which includes offshore exploration projects.

1.5 points for a weak exclusion of fracked oil and gas projects: RBS prohibits financing for "projects involving hydraulic fracturing (‘fracking’) for oil and gas." This does not merit "strong exclusion" because it is not clear that it covers fracking-related infrastructure, such as fracked oil and gas pipelines.

1.5 points for a weak exclusion of conventional/other oil and gas projects: RBS prohibits lending to projects involving exploration for new oil and gas reserves.

4 points for a moderate exclusion of coal mining projects: RBS prohibits lending for new thermal coal mining projects.

4 points for a moderate exclusion of coal power projects: RBS prohibits lending for "the construction of new unabated coal power stations."

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
csr policiesprivate
2020-07-01 00:00:00

Mining & Metals Sector policy out of date

2020-07-01 00:00:00
csr policiesprivate
2020-04-28 00:00:00

Oil & Gas sector policy out of date

Updated February 2020
2020-04-28 00:00:00
csr policiesprivate
2020-02-14 00:00:00

Power Sector policy out of date

2020-02-14 00:00:00
Explanation

The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.

The point-based policy ranking for fossil fuel expansion consists of the following distribution:

  • Coal mining: 14 points​
  • Coal power: 14 points
  • Other coal: 7 points
  • Tar sands: 9 points
  • Arctic oil and gas: 9 points
  • Offshore oil and gas: 9 points
  • Fracked oil and gas: 9 points
  • LNG: 9 points
  • Other oil and gas: 9 points

A bank can obtain a total of 89 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards (0-22.25 points), followers (22.25-44.5 points), front runners (44.5-66.75 points) or leaders (66.75-89 points).

For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
19.5
20500000000
0
United Kingdom
Profile
Laggard
19.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 19.5 points out of 120

3.5 points out of 20 for tar sands policy: see here.

3.5 points out of 20 for Arctic oil and has policy: see here.

3.5 points out of 20 for offshore oil and gas policy: see here.

3.5 points out of 20 for fracked oil and gas policy: see here.

2 points out of 20 for LNG policy: see here.

3.5 points out of 20 for other/conventional oil and gas: see here.

See: Banking on Climate Change - policy scores

Explanation

For each of the six subsectors, 20 possible policy points can be obtained, so a bank can obtain a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards (0-30 points), followers (30.5-60 points), front runners (60.5-90 points) or leaders (90.5-120 points).

For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
3.5
4500000000
0
United Kingdom
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

1.5 points for a weak exclusion for tar sands projects: RBS prohibits lending for tar sands exploration and extraction projects, but not transportation.

1.5 points for the commitment to reduce financing for tar sands companies: RBS prohibits "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021," which includes some tar sands companies. This qualifies as a reduction because it only applies to "major" O&G companies (to qualify for phase-out, a commitment must cover the entire sector).

0.5 point for enhanced due diligence regarding tar sands companies: RBS' prohibition on "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021" could be strengthened with further clarification on what Paris Alignment means to RBS. In the meantime, this qualifies as enhanced due diligence for tar sands companies.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-04-28 00:00:00

Oil & Gas sector policy out of date

Updated February 2020
2020-04-28 00:00:00
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
Explanation

The point-based policy ranking above assesses bank policies in four ways:

 1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points). 

For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
3.5
4500000000
0
United Kingdom
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

1.5 points for a weak exclusion of Arctic oil and gas projects: RBS's commitment excludes lending to oil exploration and production projects in the Arctic or Antarctic, but does not cover underwriting such projects, nor does it cover gas in the region.

1.5 points for the commitment to reduce financing for Arctic oil and gas companies: RBS prohibits "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021," which applies to some Arctic oil and gas companies. This qualifies as a reduction because it only applies to "major" O&G companies (to qualify for phase-out, a commitment must cover the entire sector).

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: RBS' prohibition on "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021" could be strengthened with further clarification on what Paris Alignment means to RBS. In the meantime, this qualifies as enhanced due diligence for Arctic oil and gas.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-04-28 00:00:00

Oil & Gas sector policy out of date

Updated February 2020
2020-04-28 00:00:00
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
3.5
4500000000
0
United Kingdom
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

1.5 points for a weak exclusion of offshore oil and gas projects: RBS prohibits lending to projects involving exploration for new oil and gas reserves, which includes offshore exploration projects.

1.5 points for the commitment to reduce financing for offshore oil and gas companies: RBS prohibits "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021," which includes some offshore oil and gas companies. This qualifies as a reduction because it only applies to "major" O&G companies (to qualify for phase-out, a commitment must cover the entire sector).

0.5 point for enhanced due diligence regarding offshore oil and gas companies: RBS' prohibition on "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021" could be strengthened with further clarification on what Paris Alignment means to RBS. In the meantime, this qualifies as enhanced due diligence for offshore oil and gas.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-04-28 00:00:00

Oil & Gas sector policy out of date

Updated February 2020
2020-04-28 00:00:00
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for offshore oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand offshore oil and gas.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for offshore oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
3.5
4500000000
0
United Kingdom
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

1.5 points for a weak exclusion of fracked oil and gas projects: RBS prohibits financing for "projects involving hydraulic fracturing (‘fracking’) for oil and gas." This does not merit "strong exclusion" because it is not clear that it covers fracking-related infrastructure, such as fracked oil and gas pipelines.

1.5 points for the commitment to reduce financing for fracked oil and gas companies: RBS prohibits "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021," which includes some fracked oil and gas companies. This qualifies as a reduction because it only applies to "major" O&G companies (to qualify for phase-out, a commitment must cover the entire sector).

0.5 point for enhanced due diligence regarding fracked oil and gas: RBS' prohibition on "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021" could be strengthened with further clarification on what Paris Alignment means to RBS. In the meantime, this qualifies as enhanced due diligence for fracked oil and gas companies.

See: Banking on Climate Change - policy scores 

Relevant policies
csr policiesprivate
2020-04-28 00:00:00

Oil & Gas sector policy out of date

Updated February 2020
2020-04-28 00:00:00
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for fracked oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand oil and gas fracking.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for oil and gas fracking.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on LNG

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
2
3000000000
0
United Kingdom
Profile
Laggard
2
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2 points out of 20

1.5 points for the commitment to reduce financing for LNG companies: RBS prohibits "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021," which includes some LNG companies. This qualifies as a reduction because it only applies to "major" O&G companies (to qualify for phase-out, a commitment must cover the entire sector).

0.5 point for enhanced due diligence regarding LNG companies: RBS' prohibition on "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021" could be strengthened with further clarification on what Paris Alignment means to RBS. In the meantime, this qualifies as enhanced due diligence for LNG.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-04-28 00:00:00

Oil & Gas sector policy out of date

Updated February 2020
2020-04-28 00:00:00
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for LNG projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand LNG.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for LNG.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in LNG above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its LNG policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
3.5
4500000000
0
United Kingdom
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

1.5 points for a weak exclusion of other/conventional oil and gas projects: NatWest prohibits lending to projects involving exploration for new oil and gas reserves.

1.5 points for the commitment to reduce exposure to other/conventional oil and gas companies: NatWest prohibits "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021." This qualifies as a reduction because it only applies to "major" O&G companies (to qualify for phase-out, a commitment must cover the entire sector).

0.5 point for enhanced due diligence/Equator Principles commitment regarding other/conventional oil and gas companies: Natwest's prohibition on "lending to major Oil and Gas producers, unless they have a credible transition plan aligned with the 2015 Paris Agreement in place by the end of 2021" could be strengthened with further clarification on what Paris Alignment means to RBS. In the meantime, this qualifies as enhanced due diligence.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-04-28 00:00:00

Oil & Gas sector policy out of date

Updated February 2020
2020-04-28 00:00:00
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for other/conventional oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand other/conventional oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for other/conventional oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.

  • None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
40
4.1E+19
0
United Kingdom
Profile
Laggard
Follower
40
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 40 points out of 80

20 points out of 32 for coal mining policy: see here.

20 points out of 32 for coal power policy: see here.

See: Banking on Climate Change - policy scores

Explanation

For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).

For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
20
2.1E+28
0
United Kingdom
Profile
Laggard
Follower
Front runner
20
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 20 points out of 32

4 points for a moderate exclusion of coal mining projects: RBS prohibits lending for new thermal coal mining projects.

8 points for a strong phase-out commitment regarding coal mining companies: RBS has committed to end financing for "companies where more than 15% of activities related to coal, unless they have a credible transition plan in line with the 2015 Paris Agreement by end of 2021" and complete a "full phase-out from coal by 2030." This applies to thermal and lignite coal mining and covers lending and underwriting.

8 points for a strong exclusion threshold for coal mining companies: RBS prohibits financing for "companies where more than 15% of activities related to coal, unless they have a credible transition plan in line with the 2015 Paris Agreement by end of 2021." This applies to thermal and lignite coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-07-01 00:00:00

Mining & Metals Sector policy out of date

2020-07-01 00:00:00
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
20
2.1E+28
0
United Kingdom
Profile
Laggard
Follower
Front runner
20
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 20 points out of 32

4 points for a moderate exclusion of coal power projects: RBS prohibits lending for "the construction of new unabated coal power stations."

8 points for a strong phase-out commitment of coal power companies: RBS has committed to end financing for "companies where more than 15% of activities related to coal, unless they have a credible transition plan in line with the 2015 Paris Agreement by end of 2021" and complete a "full phase-out from coal by 2030." This applies to thermal and lignite coal mining and covers lending and underwriting.

8 points for a strong exclusion threshold for coal power companies: RBS prohibits financing for "companies where more than 15% of activities related to coal, unless they have a credible transition plan in line with the 2015 Paris Agreement by end of 2021." This applies to coal power generation.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
csr policiesprivate
2020-02-14 00:00:00

Power Sector policy out of date

2020-02-14 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal power.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal power.

  • None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal power above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
NatWest
2020-03-01
GBR
0
1000000000
0
United Kingdom
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 16

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal infrastructure projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand coal infrastructure.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for coal infrastructure.

  • None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)

4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)

A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
2021-01-18 | Cambridge Institute for Sustainability Leadership
blog
external news
our news

Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
blog
external news
our news

Six years of the Soft Commodities Compact failed to slow bank finance for deforestation

New BankTrack research shows need for banks to move beyond certification requirements
2020-12-01 | Nijmegen | BankTrack
blog
external news
our news

NatWest Group is the banking sponsor of next year’s COP26

2020-11-17 | NatWest
blog
external news
our news

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
blog
external news
our news

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20 | BankTrack, Rainforest Action Network, and partners
blog
external news
our news

Western banks provide billions in backing for firms driving tuna species to collapse

2020-09-28 | Unearthed
blog
external news
our news

Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

NatWest Group becomes first major UK bank to join the Partnership for Carbon Accounting Financials

2020-07-27 | PCAF
blog
external news
our news

Lord Stern appointed as independent climate advisor to NatWest Group

2020-07-22 | NatWest Group
blog
external news
our news

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels

Bank demands credible, ‘Paris proof’ transition plans from coal, oil and gas clients by end 2021; commits to exit coal by 2030
2020-02-18 | BankTrack, Rainforest Action Network, Reclaim Finance, ShareAction
blog
external news
our news

RBS will stop lending to energy firms without climate crisis plan

2020-02-14 | The Guardian
blog
external news
our news

RBS to change name to NatWest in strategic overhaul

2020-02-14 | Financial Times
blog
external news
our news

RBS plans to cut fossil fuel loans, be climate positive by 2025

2020-02-14 | Bloomberg
blog
external news
our news

Big four UK banks providing billions for coal power expansion, urged to ‘clean up their acts’ for Glasgow COP

2019-12-05 | London, UK | BankTrack, urgewald, 350.org
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

RBS urged to end financing of the coal, oil and gas sectors

2019-09-28 | The Herald
blog
external news
our news

Groups challenge RBS over fossil fuel investments

2019-09-28 | The National
blog
external news
our news

Civil society groups call on new CEO to make RBS banking sector ‘climate leader’

2019-09-27 | Edinburgh, Scotland | BankTrack and Friends of the Earth Scotland
blog
external news
our news

Royal Bank of Scotland joins growing number of financial institutions rejecting Arctic Refuge drilling

2019-08-06 | Edinburgh, Scotland | Sierra Club
blog
external news
our news

Antitrust: Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartel

2019-05-16 | European Commission press release
blog
external news
our news

Royal Bank of Scotland chief executive Ross McEwan resigns

2019-04-25 | The Guardian
blog
external news
our news

Climate activists protest outside Edinburgh's Royal Bank of Scotland HQ

2019-04-25 | Edinburghlive.co.uk
blog
external news
our news

Climate change activists stage protest outside RBS AGM

2019-04-25 | The Daily Mail
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
blog
external news
our news

New briefing paper on RWE – Europe’s worst polluter – for investors, insurers and banks

2018-12-16 | Europe Beyond Coal
blog
external news
our news

RBS moves on coal and tar sands and takes the lead of UK banks

2018-05-30 | Nijmegen, The Netherlands | Yann Louvel – BankTrack
blog
external news
our news

RBS introduces new energy financing policies to support low carbon transition

2018-05-29 | RBS
blog
external news
our news

Royal Bank of Scotland Announces New Policy Ahead of Tomorrow’s Shareholder Meeting

2018-05-29 | RAN
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
blog
external news
our news

New report: HSBC a ‘crucial link in the chain’ of Palestinian oppression says War on Want

2017-07-12 | War on Want
blog
external news
our news

More black marks for coal-hungry UK banks in latest Report Card

Barclays and HSBC increased finance for coal power in 2016, despite claims to support Paris Agreement
2017-07-10 | Greig Aitken – BankTrack
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance International, Oxfam
blog
external news
our news

Leading banks under fire for misrepresenting human rights responsibilities

Discussion Paper by Thun Group of banks meets series of objections from UN Working Group, John Ruggie and over 30 civil society organisations
2017-02-28 | BankTrack
blog
external news
our news

Christian Aid calls for RBS to ditch fossil fuel investments

2017-02-23 | Christian Aid
blog
external news
our news

Dakota Access: UK banks back pipeline builder Energy Transfer Partners

2016-12-01 | EnergyDesk
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

RBS bank a wolf in sheep’s clothing on renewables

2016-04-20 | Move Your Money
blog
external news
our news

RBS bank a wolf in sheep’s clothing on renewables

2016-04-19 | Move Your Money UK blog
blog
external news
our news

RBS doubles lending to sustainable energy projects

2016-04-18 | RBS website
blog
external news
our news

RBS pulls back fossil fuel investments as green deals grow

2016-04-17 | The Guardian
blog
external news
our news

As RBS comes clean about its finance for coal mining, the UK’s top banks can now seize the chance to clean up their acts

2015-09-09 | BankTrack blog
blog
external news
our news

RBS sells further North American loan portfolio to Mizuho

2015-04-27 | Reuters
blog
external news
our news

Mizuho to Buy RBS Loans in North America for $3 Billion

2015-02-26 | Bloomberg
blog
external news
our news

Fossil fuel divestment campaign grows as protesters target UK banks

2015-02-13 | The Guardian
blog
external news
our news

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
blog
external news
our news

New report calls for smaller, greener banking in post-referendum Scotland

2014-08-19 | Edinburgh | Friends of the Earth Scotland
blog
external news
our news

Banks and human rights: Assessing strengths and weaknesses of the Thun Group’s approach

2014-08-11 | Righting Finance
blog
external news
our news

RBS AGM: Protestors to target top coal bank

2014-06-24 | Edinburgh | WDM & FOE Scotland
blog
external news
our news

RBS joins move to shun Abbot Point financing

2014-06-19 | The Australian
blog
external news
our news

Royal Bank of Scotland Rules Out Financing Major Coal Port Expansion

Follows Deutsche Bank and HSBC
2014-06-18 | Edinburgh | BankTrack, Greenpeace, 38 Degrees, AMCS
blog
external news
our news

Blog: From “Oil Bank of Scotland” to “ethical leader”? A shift in rhetoric, now time for action

2014-04-23 | Ryan Brightwell, BankTrack
blog
external news
our news

RBS aims to lead from front on ethical banking

2014-04-15 | The Herald Scotland
blog
external news
our news

Dirty Money - an interactive documentary

Watch WDM's online, interactive documentary exploring how UK banks are financing coal mining in Indonesia.
2013-11-21 | London | World Development Movement
blog
external news
our news

British banks among world's biggest lenders to coal industry, report finds

2013-11-18 | The Guardian
blog
external news
our news

BankTrack welcomes Thun Group paper on banks and human rights

Call for access to remedy for victims bank-financed human rights abuses
2013-10-11 | Nijmegen | BankTrack
blog
external news
our news

Who's Funding Climate Change...

2013-10-04 | The Huffington Post
blog
external news
our news

UK banks financing coal boom destroying Borneo rainforests

2013-10-01 | London | World Development Movement
blog
external news
our news

RBS carbon emissions up to 1,200 times higher than reported figure

2013-08-27 | Scotland | Miriam Ross, World Development Movement
blog
external news
our news

Environmentalists expose RBS toxic mountain investment

2013-05-14 | Edinburgh | Friends of the Earth Scotland
blog
external news
our news

RBS slammed for backing 'obscene' mountaintop removal

2013-05-12 | Scotland | Herald Scotland
blog
external news
our news

RBS sustainability report shows deliberate manipulation of truth by the state-owned bank

2013-04-16 | Edinburgh | Friends of the Earth Scotland
blog
external news
our news

Has RBS stopped financing the tar sands? (Spoiler: No).

2013-02-11 | Platform blog
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

NGOs seek Sakhalin compensation from Shell, UK banks (Subscription required)

2012-08-01 | Sakhalin Island, Russia | Environmental-Finance
blog
external news
our news

Complaint seeks resettlement and compensation from Shell and UK banks for damage caused by Sakhalin II oil and gas project

2012-07-31 | Sakhalin Island, Russia | Pacific Environment
blog
external news
our news

RBS under fire for fossil fuel lending

2012-05-30 | Scotland | Blue and Green tomorrow
blog
external news
our news

RBS annual general meeting: as it happened

2012-05-30 | Scotland | The Telegraph
blog
external news
our news

RBS finance for tar sands revealed on eve of AGM – students protest

2012-05-30 | London | Platform
blog
external news
our news

RBS involved in £40bn loans to fossil fuel companies in past six months

2012-05-28 | Scotland | The Guardian
blog
external news
our news

Don’t bank on the bomb

2012-03-05 | Washington | ICAN
blog
external news
our news

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

Coal study names top 20 'climate killer' banks

2011-11-30 | The Guardian
blog
external news
our news

RBS ‘bankrolling climate change’, says campaign group

2011-11-30 | Durban | Deadline news
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

'Girl Band' Protest at Royal Bank of Scotland sponsored low carbon investment conference

2011-09-27 | Edinburgh | Friends of the Earth Scotland
blog
external news
our news

RBS severs ties with makers of cluster bombs

2011-09-01 | Scotland | The Independent
blog
external news
our news

Cluster bomb firms face backlash over funding

2011-08-17 | The Independent
blog
external news
our news

FSA reveals British banks are failing to turn down corrupt funds

Long overdue recognition shows need for new systems in banks and more effective ongoing monitoring regime by FSA, say campaigners
2011-06-22 | London | Global Witness
blog
external news
our news

Barclays, HSBC and RBS linked to 'dirty financing' for fossil fuels

2011-06-14 | The Ecologist
blog
external news
our news

First Nations protest tar sands investment at Royal Bank of Scotland AGM

• New research shows that, since public bail-out in 2008, RBS has raised more than £5.6 billion for companies involved in controversial Canadian tar sands projects, £2.2 billion of which was in the last twelve months • Canadian First Nations representatives to voice opposition in person at RBS AGM
2011-04-19 | London | Platform
blog
external news
our news

RBS faces AGM protests over tar sands cash

2011-04-19 | The Independent
blog
external news
our news

RBS oil sands investments 'not sound', say greens

2011-04-19 | London | The Guardian
blog
external news
our news

Is 'Climate Week' inspirational or hypocritical?

2011-03-21 | London, UK
blog
external news
our news

Green groups boycott Climate Week over RBS

2011-03-21 | The Independent
blog
external news
our news

Climate Week in turmoil over revelations of sponsor's climate damage

Celebrities and groups withdraw from event after RBS shown to be UK's biggest financier of coal mining and power
2011-03-20 | London | Platform
blog
external news
our news

Climate Week is too cosy with EDF, RBS and Tesco - join an activist group instead

2011-03-17 | The Ecologist
blog
external news
our news

Protests outside treasury over RBS oil investments

2011-02-24 | London | Friends of the earth Scotland
blog
external news
our news

Don’t make it easier for dictators to steal

2011-02-24 | London | Global Witness
blog
external news
our news

RBS was nicely bailed out – now it's time to bail in

2011-02-21 | The Guardian
blog
external news
our news

10 things you may not have known about RBS

2011-02-21
blog
external news
our news

RBS: oil bank of Scotland to green investment bank?

2011-02-01 | Bright Green Scotland
blog
external news
our news

Worst EU Lobbyists 2010 revealed- RWE, Goldman Sachs and ISDA

2010-12-02 | Brussels | Friends of the Earth Europe et.al.
blog
external news
our news

Follow The Money- RBS article in Foto8 Magazine

RBS article in Foto8 Magazine
2010-11-16 | London
blog
external news
our news

Students Union boycotts RBS

2010-10-26 | Manchester, UK | Manchester Mule
blog
external news
our news

British banks complicit in Nigerian corruption, court documents reveal

2010-10-11 | London | Global Witness
blog
external news
our news

People's Charter for RBS

2010-09-23 | United Kingdom | Friends of the Earth Scotland
blog
external news
our news

European banks provide fuel for the conflict in Sudan

The limited scope of Sustainable Asset Management
2010-09-20 | Amsterdam | Somo
blog
external news
our news

Decoding RBS Greenwash

2010-08-24 | RAN
blog
external news
our news

Global Witness applauds RBS penalty over terrorist financing

2010-08-04 | London | Global Witness
blog
external news
our news

Question over funds for mine investment

2010-07-28 | The Guardian
blog
external news
our news

New report argues RBS should be turned into Green Investment Bank

2010-07-26 | London | Platform
blog
external news
our news

RBS targeted by protesters at international banking conference

Climate activists denounce bankers’ involvement in financing destructive tar sands
2010-07-13 | London | London camp for climate action
blog
external news
our news

RBC tables an offer on tar sands

2010-07-12 | San Franscisco | Rainforest Action Network
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

BankTrack calls on banks to stop funding nuclear power

New website exposes nuclear secrets of commercial banks
2010-05-26 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Shell faces shareholder questions on tar sands

2010-05-18 | The Hague | The Independent
blog
external news
our news

‘Clean the banks’ campaigners hopeful for Vince Cable backing on RBS and finance sector demands

2010-05-12 | United Kingdom | PLATFORM et al.
blog
external news
our news

BLOG WDM: Meeting with Philip Hampton, Chairman of RBS about Canadian tar sands and Vedanta Resources

2010-04-30 | Edinburgh | World Development Movement
blog
external news
our news

High Risk, unsustainable investments do not make good business

RBS must stop gambling with tax-payer money and lead the way in ethical lending
2010-04-27 | Edinburgh
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Another oil sands AGM protest, this time at a bank

2010-04-26 | London | Financial Times
blog
external news
our news

RBS under fire for more ‘dirty’ investments

2010-04-25 | United Kingdom | The Sunday Herald
blog
external news
our news

J.P. Morgan rolls into Calgary

2010-04-05 | Calgary, Canada | Global Investor
blog
external news
our news

UK and North America groups slam British ‘tar sands’ bank opening in Calgary

Treasury grilled in UK Parliament over public money being used by Royal Bank of Scotland to support tar sands development
2010-03-17 | London | Platform
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

A fund for climate chaos: RBS investment in tar sand exploitation is a highly irresponsible use of public bailout money

2010-03-04 | guardian.co.uk
blog
external news
our news

RBS accused over funding for tar sands 'blood oil'

2010-03-02 | London | The Independent
blog
external news
our news

UK Taxpayers' money involved in financing controversial tar sands companies

Cashing in on Tar Sands: RBS, UK banks and Canada’s “blood oil”
2010-03-01 | London | Platform
blog
external news
our news

Tullow Oil (financed by RBS) given licence to flare Ugandan gas

2010-02-16 | London | Guardian
blog
external news
our news

RBS bailout faces legal attack thanks to bank's lending record

2010-02-04 | London | The Independent
blog
external news
our news

New legal action over latest RBS bail out

2010-02-03 | London | Platform, WDM, People and Planet
blog
external news
our news

Treasury faces legal bid over RBS handout

2010-02-03 | London | BBC
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

UK taxpayers are funding the destruction of my homeland

2009-11-29 | guardian.co.uk
blog
external news
our news

Indigenous Canadians deliver message to RBS and the Treasury: “Stop funding bloody oil!”

New research shows that publicly-owned RBS is the UK bank most heavily involved in financing the Tar Sands
2009-11-16 | London | Rainforest Action Network
blog
external news
our news

Canadian protest over RBS oil sands role

By Ed Crooks, Energy Editor Financial Times
2009-11-16 | London
blog
external news
our news

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
blog
external news
our news

High Court decision: Treasury can ignore climate change and human rights

2009-10-21 | London | Platform
blog
external news
our news

Treasury taken to court for RBS loans to Vedanta Resources

2009-10-20 | London, UK | The Guardian
blog
external news
our news

Unprecedented legal battle over RBS' unethical investments

New report on 'Royal Bank of Sustainability' calls for new course for RBS
2009-10-20 | London | Platform
blog
external news
our news

UK Government faces environmental legal challenge over RBS

2009-06-30 | London | Platform
blog
external news
our news

BankTrack members unveil bank secrets

Six European organizations launch a revealing website: www.banksecrets.eu
2009-06-25 | Brussels | CRBM
blog
external news
our news

Campaigners demand RBS stop using tax money to destroy climate

As RBS holds its AGM, NGOs challenge the bank and UKFI to review and reduce fossil fuel financing following Parliamentary Committee recommendation.
2009-04-03 | London | Platform
blog
external news
our news

Groups call for environmental regulation of RBS

2008-10-13 | United Kingdom | Platform
blog
external news
our news

Cashing in on Coal - New Report

2008-08-26 | London, Edinburgh | Platform
blog
external news
our news

UK groups slam RBS for fossil fuel financing on the eve of its CSR report launch

RBS Projects Responsible for more CO2 Emissions than Scotland
2008-07-03 | Edinburgh, London | Platform
blog
external news
our news

Protests at shareholders meetings of Citi, Bank of America and RBS

US and UK banks find BankTrack campaigners protest against financing climate change
2008-04-23 | New York, Edinburgh, Charlotte | Rainforest Action Network
blog
external news
our news

Environmental Victory for Sakhalin II

Project sponsor announces it cannot get financing from US and UK Export Credit Agencies
2008-03-04 | London, Washington, Sakhalin | Pacific Environment
blog
external news
our news

NGOs Call on Royal Bank of Scotland to recall Loan on Sakhalin II

Loan for controversial oil and gas project passed on to RBS
2008-01-17 | Edinburgh, London | Pacific Environment
blog
external news
our news

Royal Bank of Scotland profits from Burmese oil

Bank warned not to support military junta
2007-10-29 | London, Edinburgh, Burma | Platform
blog
external news
our news

RBS profits threatened by fossil fuel financing

Bank fails to account for carbon liabilities
2007-08-02 | London | Platform
blog
external news
our news

RBS adopts climate rhetoric while financing global warming

NGOs welcome shift to renewables but challenge continued distortion
2007-07-11 | London, Edinburgh, Utrecht | Platform
blog
external news
our news

Sakhalin II: new environmental violations brought to light

Banks once more warned for risks of being involved
2007-06-27 | United States of America | Pacific Environment
blog
external news
our news

The Oil & Gas Bank

RBS & the financing of climate change
2007-03-12 | London | Platform
blog
external news
our news

And while London burns - in Square Mile

"Opera" draws links between banks and climate change
2006-12-01 | London | Platform
blog
external news
our news

Sakhalin II: Six banks face serious decision

now that the Russian government has revoked the environmental permits
2006-09-15 | London, United Kingdom | Pacific Environment
blog
external news
our news

Banks warned of liability if Baku-Ceyhan pipeline leaks

2006-02-17 | London | Platform

Documents

Type:
Year:
annual reports
2021-02-23 00:00:00

Annual report 2020

2021-02-23 00:00:00 | NatWest Group
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00 | NatWest Group
other documents
2021-01-18 00:00:00

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
2021-01-18 00:00:00 | Cambridge Institute for Sustainability Leadership
other documents
2020-12-08 00:00:00

Collective Commitment to Climate Action - Year One in Review

2020-12-08 00:00:00 | UNEP FI Principles for Responsible Banking
our publications
2020-11-30 00:00:00

Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact

2020-11-30 00:00:00 | BankTrack
csr policies
2020-11-19 00:00:00

Human rights statement

2020-11-19 00:00:00 | NatWest Group
other documents
2020-11-16 00:00:00

The Banking Environment Initiative (BEI) & the Consumer Goods Forum (CGF)’s ‘Soft Commodities’ Compact

2020-11-16 00:00:00 | Banking Environment Initiative
other documents
2020-11-16 00:00:00

The BEI & CGF’s ‘Soft Commodities’ Compact: Technical Guidance

2020-11-16 00:00:00 | Banking Environment Initiative
our publications
2020-10-20 00:00:00

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
csr policies
2020-07-31 00:00:00

Oil & gas sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Power sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Mining and metals sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Animal testing sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Defence sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Forestry, fisheries and agri-business sectors policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Private security companies policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

ESE risks concerns policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-01 00:00:00

Adult entertainment sector policy

2020-07-01 00:00:00 | NatWest Group
annual reports
2020-05-19 00:00:00

Annual report 2019

2020-05-19 00:00:00 | RBS
our publications
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
our publications
2019-12-05 00:00:00

The UK's dirty coal secret

$26 billion support from big four banks for international companies planning coal fleet 16 times the size of current UK capacity
2019-12-05 00:00:00 | BankTrack, urgewald, 350.org
correspondence
2019-10-17 00:00:00

Letter from Alison Rose, RBS CEO to Civil society on Transforming RBS into the banking sector’s climate leader

2019-10-17 00:00:00 | Alison Rose, RBS CEO
ngo documents
2019-09-27 00:00:00

Civil society letter to new RBS CEO Alison Rose

2019-09-27 00:00:00 | BankTrack
correspondence
2019-09-27 00:00:00

Letter from Civil society to Alison Rose on RBS ending its fossil fuel financing

2019-09-27 00:00:00 | Civil society
other documents
2019-09-19 00:00:00

Collective Commitment to Climate Action

2019-09-19 00:00:00 | UNEP FI Principles for Responsible Banking
csr policies
2019-06-24 00:00:00

Modern Slavery Statement 2018

2019-06-24 00:00:00 | RBS
csr policies
2019-05-02 00:00:00

Statement on Tax Evasion

2019-05-02 00:00:00 | RBS
annual reports
2019-03-11 00:00:00

Annual integrated report 2018

2019-03-11 00:00:00 | RBS
csr policies
2019-02-04 00:00:00

Statement on Anti-Money Laundering and Sanctions Policies and Procedures

2019-02-04 00:00:00 | RBS
csr policies
2019-02-04 00:00:00

Statement on Anti-Bribery and Corruption

2019-02-04 00:00:00 | RBS
correspondence
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to RBS on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
csr policies
2018-05-31 00:00:00

Environment statement

2018-05-31 00:00:00 | RBS
csr policies
2018-05-01 00:00:00

Code of conduct

2018-05-01 00:00:00 | RBS
annual reports
2018-02-23 00:00:00

Annual Report 2017

2018-02-23 00:00:00 | RBS
annual reports
2018-02-23 00:00:00

Strategic Report 2017

2018-02-23 00:00:00 | RBS
ngo documents
2017-12-07 00:00:00

The Big Shift - Banks must invest our money in a cleaner future

2017-12-07 00:00:00 | Christian Aid
ngo documents
2017-07-03 00:00:00

Deadly Investments

UK bank complicity in Israel’s crimes against the Palestinian people
2017-07-03 00:00:00 | War on Want
correspondence
2017-03-14 00:00:00

Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights

2017-03-14 00:00:00 | BankTrack
annual reports
2017-02-23 00:00:00

Annual Report 2016

2017-02-23 00:00:00 | RBS
other documents
2017-02-21 00:00:00

Comments on Thun Group of Banks Discussion Paper

on the Implications of UN Guiding Principles 13 & 17 In a Corporate and Investment Banking Context
2017-02-21 00:00:00 | Prof. John G. Ruggie
correspondence
2017-02-14 00:00:00

Letter from BankTrack and others to Thun Group of Banks on Significant Concerns Regarding Thun Group Discussion Paper

2017-02-14 00:00:00 | BankTrack and others
ngo documents
2016-11-07 00:00:00

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
annual reports
2016-08-02 00:00:00

Sustainability Report 2015

2016-08-02 00:00:00 | RBS
correspondence
2016-07-05 00:00:00

Letter from BankTrack et al. to RBS on EPH financing

2016-07-05 00:00:00 | BankTrack et al.
our publications
2016-06-30 00:00:00

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
csr policies
2016-06-26 00:00:00

Sustainable Procurement Code

2016-06-26 00:00:00 | RBS
our publications
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
our publications
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
our publications
2016-05-03 00:00:00

RBS Coal Bank Briefing 2016

2016-05-03 00:00:00 | BankTrack and Move Your Money UK
annual reports
2016-02-25 00:00:00

Annual Report and Accounts 2015

2016-02-25 00:00:00 | Royal Bank of Scotland
annual reports
2016-01-31 00:00:00

Annual Results for the year ended 31 December 2015

2016-01-31 00:00:00 | Royal Bank of Scotland
our publications
2015-09-08 00:00:00

RBS Coal Bank Briefing 2015

2015-09-08 00:00:00 | BankTrack
bank documents
2015-09-03 00:00:00

Our energy financing of the energy sector in 2014

RBS Sustainability Briefing
2015-09-03 00:00:00 | RBS
our publications
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network and Sierra Club
annual reports
2015-04-29 00:00:00

Sustainability Report 2014

2015-04-29 00:00:00 | Royal Bank of Scotland
annual reports
2015-02-25 00:00:00

Annual Report and Accounts 2014

Contains reporting on sustainability
2015-02-25 00:00:00 | Royal Bank of Scotland
correspondence
2014-12-10 00:00:00

Letter from EPN to Banks investing in April on APRIL

2014-12-10 00:00:00 | EPN
our publications
2014-12-02 00:00:00

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
our publications
2014-10-29 00:00:00

Banking on Coal 2014

2014-10-29 00:00:00 | BankTrack
ngo documents
2014-08-19 00:00:00

Smaller, Greener Banking

Banking for Sustainability in a New Scotland
2014-08-19 00:00:00 | Friends of the Earth Scotland
annual reports
2014-04-14 00:00:00

RBS Sustainability Review 2013

2014-04-14 00:00:00 | RBS
bank documents
2014-04-14 00:00:00

Our financing of the energy sector in 2013

RBS Sustainability Briefing
2014-04-14 00:00:00 | RBS
annual reports
2014-01-01 00:00:00

Annual Report and Accounts 2013

2014-01-01 00:00:00 | Royal Bank of Scotland
ngo documents
2013-09-30 00:00:00

Banking while Borneo burns

How the UK financial sector is bankrolling Indonesia's fossil fuel boom
2013-09-30 00:00:00 | World Development Movement
ngo documents
2013-08-27 00:00:00

RBS’s true carbon emissions 2012

2013-08-27 00:00:00 | Global Justice Now
ngo documents
2013-05-01 00:00:00

The Cerrejón mine - Coal exploitation in Colombia

2013-05-01 00:00:00 | World Development Movement
our publications
2013-03-07 00:00:00

Coal Risk Update March 2013

Arch Coal, Blair Mountain, and Bank Human Rights Commitments
2013-03-07 00:00:00 | Rainforest Action Network, BankTrack
bank documents
2012-12-31 00:00:00

Our financing of the energy sector in 2012

RBS Sustainability Briefing
2012-12-31 00:00:00 | RBS
other documents
2012-03-28 00:00:00

Agenda Group Sustainability Committee Stakeholder Engagement Session: Corporate Citizenship

2012-03-28 00:00:00 | RBS
our publications
2011-11-30 00:00:00

Bankrolling climate change

A look into the portfolios of the world`s largest banks
2011-11-30 00:00:00 | urgewald/BankTrack/groundwork
other documents
2011-05-25 00:00:00

RBS Cluster Munitions Investments

2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
ngo documents
2011-04-14 00:00:00

A Risky Business: Tar Sands, Indigenous Rights and RBS

2011-04-14 00:00:00 | Canadian Indigenous Tar Sands Campaign and UK Tar Sands Network
ngo documents
2011-03-21 00:00:00

Dirty Money - Corporate greenwash and RBS coal finance

2011-03-21 00:00:00 | Platform
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
ngo documents
2010-10-11 00:00:00

International thief thief

2010-10-11 00:00:00 | Global Witness
other documents
2010-10-04 00:00:00

Where did our money go?

2010-10-04 00:00:00 | New Economics Foundation
ngo documents
2010-07-26 00:00:00

A bank for the future: maximizing public investment in a low-carbon economy

2010-07-26 00:00:00 | James Leaton
correspondence
2010-05-17 00:00:00

Letter from Platform et al. to RBS on CEO meeting

2010-05-17 00:00:00 | Platform et al.
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
other documents
2010-04-01 00:00:00

RBS cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
ngo documents
2010-03-01 00:00:00

Cashing in on tar sands, RBS, UK banks and Canada’s “blood oil”

2010-03-01 00:00:00 | Platform et al.
correspondence
2009-11-28 00:00:00

Letter to Alistair Darling about one year public finance for RBS

2009-11-28 00:00:00 | Platform et al.
ngo documents
2009-10-26 00:00:00

NGO letter to dutch parliament about RBS

2009-10-26 00:00:00 | Platform
ngo documents
2009-10-20 00:00:00

Royal Bank of Sustainability

2009-10-20 00:00:00 | Platform, World Development Movement, People & Planet, FoE Scotland, BankTrack
correspondence
2009-10-15 00:00:00

Letter from RBS top dutch parliament about sustainability

2009-10-15 00:00:00 | RBS
other documents
2009-10-01 00:00:00

RBS cluster munitions financing

2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
ngo documents
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
ngo documents
2008-08-01 00:00:00

Cashing in on coal: RBS, UK banks and the global coal industry

2008-08-01 00:00:00 | Platform
ngo documents
2008-01-11 00:00:00

Profiles of European Banks

2008-01-11 00:00:00 | Ceres
ngo documents
2007-03-12 00:00:00

The Oil & Gas Bank - RBS & the financing of climate change

2007-03-12 00:00:00 | Platform

Media

Video links

http://www.banktrack.org/site2011/show/activate/banktrack123
http://www.wdm.org.uk/climate-change/new-film-curing-rbs-its-oil-addiction
http://video.uk.msn.com/watch/video/protests-at-rbs-agm/2is552oi
http://www.youandifilms.com/2010/08/ribs-the-trojan-pig-makes-a-mess-at-cairn-energy/
http://news.bbc.co.uk/2/hi/business/8650413.stm

Links

EPN assessment of policies against 14 minimum criteria - RBS

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/royal-bank-of-scotland-rbs/

Fund our Future UK

https://fundourfuture.uk/

Publication of Compact banks’ approaches to implementation of the Soft Commodities Compact

https://www.cisl.cam.ac.uk/business-action/sustainable-finance/banking-environment-initiative/programme/restore-nature/reporting-and-technical-guidance

NatWest Group's csr web page

https://www.natwestgroup.com/our-purpose.html

Policies

Voluntary initiatives

NatWest Group has committed itself to the following voluntary standards:
  • Banking Environment Initiative
  • Carbon Disclosure Project
  • Collective Commitment to Climate Action (CCCA)
  • Dow Jones Sustainability Indices
  • Equator Principles
  • Global Reporting Initiative
  • International Labour Organization Declaration on Fundamental Principles and Rights at Work
  • OECD Guidelines for Multinational Enterprises
  • Partnership for Carbon Accounting Financials (PCAF)
  • Principles for Responsible Banking (PRB)
  • Soft Commodities Compact
  • Task Force on Climate-related Financial Disclosures
  • Thun Group on Human Rights
  • UN Guiding Principles on Business and Human Rights
  • UNEP Finance Initiative
  • United Nations Global Compact
  • Universal Declaration of Human Rights
  • Wolfsberg Principles

Investment policies

NatWest Group's web page on corporate social responsibility can be accessed here.

Year:
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00 | NatWest Group
csr policies
2020-11-19 00:00:00

Human rights statement

2020-11-19 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Oil & gas sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Power sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Mining and metals sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Animal testing sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Defence sector policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Forestry, fisheries and agri-business sectors policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

Private security companies policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-31 00:00:00

ESE risks concerns policy

2020-07-31 00:00:00 | NatWest Group
csr policies
2020-07-01 00:00:00

Adult entertainment sector policy

2020-07-01 00:00:00 | NatWest Group
csr policies
2019-06-24 00:00:00

Modern Slavery Statement 2018

2019-06-24 00:00:00 | RBS
csr policies
2019-05-02 00:00:00

Statement on Tax Evasion

2019-05-02 00:00:00 | RBS
csr policies
2019-02-04 00:00:00

Statement on Anti-Money Laundering and Sanctions Policies and Procedures

2019-02-04 00:00:00 | RBS
csr policies
2019-02-04 00:00:00

Statement on Anti-Bribery and Corruption

2019-02-04 00:00:00 | RBS
csr policies
2018-05-31 00:00:00

Environment statement

2018-05-31 00:00:00 | RBS
csr policies
2018-05-01 00:00:00

Code of conduct

2018-05-01 00:00:00 | RBS
csr policies
2016-06-26 00:00:00

Sustainable Procurement Code

2016-06-26 00:00:00 | RBS

Equator Principles

Implementation and reporting

NatWest Group is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

Pipeline Transportation of Crude Oil
on record

Sakhalin II oil and gas project Russian Federation

Oil and Gas Extraction
on record

Trans Mountain Pipeline Expansion project (TMEP) Canada

Pipeline Transportation of Crude Oil

Good moves

Year:

2020

Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels

BankTrack, Rainforest Action Network, Reclaim Finance and ShareAction welcome the announcement by Royal Bank of Scotland (RBS) of ambitious new climate targets and a set of policy measures that, if fully implemented, will see the bank move well ahead of its peers towards taking up its responsibility in tackling the climate…

2019

Royal Bank of Scotland joins growing number of financial institutions rejecting Arctic Refuge drilling

Today, the Royal Bank of Scotland (RBS) released an updated Environmental, Social and Ethical (ESE) risk management framework that rules out financing for oil and gas drilling or exploration in the Arctic National Wildlife Refuge.  The new framework prohibits project-specific lending for “projects…

2015

Climate breakthrough as string of banks dump coal financing

In May, Bank of America and Crédit Agricole became the first major banks to announce plans to stop financing coal mining. These announcements marked a hugely significant win and a breakthrough moment in the fight to end financing for the coal industry. The second half of 2015, in the run-up to the…

2014

More US and European Banks step back from Mountaintop Removal

In 2013, BNP Paribas pledged to cut financing for top producers of mountaintop removal coal. In spring 2014, JPMorgan Chase updated its environmental policy committing to aggressively reduce its financing relationships with mountaintop removal coal mining companies. And in April 2014, Royal Bank of Scotland followed suit,…

Thun Group of Banks agrees to consider remedy for victims of human rights abuse

In 2013 the seven-strong Thun Group of Banks' produced a discussion paper on banks' responsibilities under new UN human rights guidelines. BankTrack's response to the paper highlighted that the banks had failed to address their responsibility to provide access to remedy to victims of human rights abuses. After…

Nine of the world's top 20 funders of coal won't touch additional coal terminals at Abbot Point

In 2014, JP Morgan, Cit, Barclays and Royal Bank of Scotland all responded to a worldwide pressure campaign of NGOs, including Banktrack, urgewald, Greenpeace and Market Forces, by announcing that they would not help finance the expansion of the Abbot Point coal terminal in Australia. While ANZ and others remain tied to…

2008

Platform's "Oyal Bank of Scotland" campaign forces concessions

Together with the UK student network People & Planet and the National Union of Students, Platform's "Oyal Bank of Scotland" campaign led to thousands of postcards being signed, stickers put up, and student demonstrations focused on the climate impacts of RBS financing fossil fuels. Following the campaign, RBS stopped…
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