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This page will be updated shortly. Please see our 2025 Annual Report and Accounts and our 2025 Climate Transition Plan Report for the latest announcements.

Climate and Transition Finance

Climate and Transition Finance Framework and Target

During Q1 2025, NatWest Group exceeded its target to provide £100 billion in Climate and Sustainable Funding and Financing between 1 July 2021 and the end of 20251. To reflect progress to date, we have announced a new target to provide £200 billion in Climate and Transition Finance between 1 July 2025 and the end of 20302.

The Climate and Sustainable Funding and Financing (CSFF) Framework which underpinned our previous £100 billion target has been retired and replaced with our Climate and Transition Finance Framework (PDF 626 KB) More information on our retired CSFF Framework is available here Climate and Sustainable Finance Inclusion Criteria (CSFFI criteria) (PDF 284 KB);  2024 Sustainability Report (PDF, 8.6 MB).

The CTF Framework has been developed to expand, enhance and replace CSFF to include what NatWest has identified as Climate Finance and Transition Finance. This evolution recognises that supporting the real economy alignment and transition towards net zero will require vast investment not only in those industries delivering climate solutions, but across a broader spectrum of industries, including hard-to-abate and emission intensive sectors such as iron & steel, cement and aviation.

 

The below table provides a non-exhaustive overview of the products and services in scope for the CTF Framework.

More details can be found here Climate and Transition Finance Framework (PDF 626 KB).

The CTF Framework has undergone independent external review by DNV Business Assurance Services UK Limited, a second party opinion (SPO) provider. The SPO report can be found here NatWest Group Climate and Transition Finance Assessment (PDF 718 KB).

The concept of transition is dynamic and its definition and scope may continue to evolve, particularly as new low carbon solutions are developed and emerge. We expect to evolve our definition over time to seek alignment with the latest science-based thinking on pathways to net zero by 2050.

 

[1] NatWest Q1 2025 | Interim Management Statement

[2] While a portion of our financing and facilitation activities may be eligible under the climate and transition finance framework, this may represent only a relatively small proportion of our overall financing and facilitation activities. Further details of our financing and facilitation activities, including emissions associated with these activities, can be found in the most recent version of our Sustainability Report available at NatWest Group – Sustainability Disclosures. 

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