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ESG ratings and benchmarks

NatWest Group has continued in its commitment to proactively respond to a number of key ESG surveys and sustainability assessments, achieving above industry average in several benchmarks.

In 2021, we have seen an improvement to our Sustainalytics score which now reflects our embedding of lower risk ESG practices into the business (Low Risk - 17.3 in December)1. We continue to be rated “AA” (Leader)2 by MSCI, maintaining our rating from 2020. We have once again been included in the FTSE4Good index.

We achieved a B rating in the 2021 CDP Climate Change survey, aligning us with the financial services average. Though our 2021 rating was reduced when compared to 2020, we have continued to seek to further integrate climate-related considerations into the heart of our business, enhance the depth and transparency of our climate-related disclosures and support the transition to a low-carbon economy.

After not participating in the 2020 S&P CSA survey, we decided to engage fully in 2021 we achieved a score of 63/100 which places NatWest Group in the 80th percentile, vs the 60th and 77th percentiles we attained in 2020 and 2019 respectively (where 100th is best).

In 2021, we maintained our Prime status with Institutional Shareholder Services ESG (ISS ESG), a world leading provider of corporate governance and responsible investment solutions. Prime status is awarded to companies that meet specific minimum requirements in Corporate Ratings and achieve the best ESG scores among their sector peers – we scored in the top 10% of organisations in our industry.

We eagerly await the 2022 review process from several ESG ratings agencies.

Benchmark
2019
2020
2021*
Scale**

CDP (Climate Change)

B

A-

B

A to D-

Industry average

C

B

B

S&P Corporate Sustainability Assessment (CSA)

71/100

41/100

63/100

100 to 1

Percentile rank

77th

60th

80th

100th is best

ISS ESG

C

C

C

A+ to D-

Prime status

Prime

Prime

Prime

Sustainalytics Risk Report

Medium Risk

27.7

Medium Risk

20.5

Low Risk

17.3

Negligible to Severe

1 to 100

Industry rank (Banks)

242/933

134/975

138/1008

MSCI ESG

BBB

AA

AA

AAA to CCC

FTSE4Good

Included

Included

Included

* Scores correct as of 14 February 2022

** From highest to lowest score

 

(1) All Sustainalytics information and data contained herein are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

 

(2) The use by NatWest Group of any MSCI ESG Research LLC or its affiliates (`MSCI’) data do not constitute a sponsorship, endorsement, recommendation, or promotion of NatWest Group by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided `as-is’ and without warranty. ’Leader’ definition as per MSCI methodology.

 

TBC indicates an ESG rating which is to be confirmed, pending completion of the review process.

 

ESG ratings on this page are: (i) unsolicited; (ii) not a sponsorship, endorsement, or promotion of NatWest Group by the relevant rating provider, nor (iii) a warranty. Currently, ESG rating providers are not regulated like credit rating agencies. Some ESG ratings providers only rely on public information. So, their outputs may be subject to data gaps. ESG rating providers use different definitions, scope and methodologies leading to variation in ESG ratings for any given company.

We continue to respond to the UN Global Compact (UNGC) annually, which signals our support for the universal principles on human rights, labour, environment and anti-corruption.  A copy of our latest UNGC Compact Communication on Progress is available here.