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External commitments and reporting standards

A strategic priority of NatWest Group is to be powered by partnerships, and progress across our three focus areas can only be achieved with collaboration.

Partnership for the Goals

Please see below for a list of NatWest Group signatories, memberships, and accreditations as outlined in our 2021 Environmental, Social and Governance (ESG) Supplement.

Race to zero

In 2021, we became a founding member of the Net Zero Banking Alliance and joined the new coalition of the Glasgow Financial Alliance for Net Zero (GFANZ), which currently includes over 450 financial firms across 45 countries focused on broadening, deepening and raising net-zero ambitions across the financial system. It means that NatWest Group is now a prominent presence in the key forums for sustainable financing, able to use its position to positively influence market-wide change in the UK and globally.

Powering Past Coal Alliance

We signed up to the UK Government’s joint declaration on accelerating the transition to 100% zero-emission vehicles, as well as announcing that we will be one of 27 new members of the Powering Past Coal Alliance to accelerate the global transition from coal – which builds on our existing enhanced coal-lending policy. We have a committed to stop lending to UK and non-UK customers who have UK coal production, coal fired generation and coal-related infrastructure by October 2024 with a full phase out of coal by 1 January 2030.

To view full details of our Power Generation and Mining and Metals policies, please visit ESE & reputational risk management.

We are aware of the increasing importance of providing our investors and other stakeholders with relevant and meaningful sustainability information.  Please see below to find out more about our alignment to several industry reporting standards:

UN Principles for Responsible Banking reporting 2021 (PDF 278MB)

Global Reporting Initiative index 2021 (PDF 170KB)

Sustainability Accounting Standards Board (SASB) index 2021 (PDF 120KB)

 

Please read our 2021 Environmental, Social and Governance (ESG) Supplement (PDF 10MB) in full for more details on how we collaborate with others.