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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.

We were delighted to make positive progress in our ambition to be a leader in addressing climate change, achieving an A- rating in the 2020 CDP Climate survey. Our A- rating for 2020 is up from a B in 2019 and aligns us with others in the ‘leadership’ category. We did not actively participate in the 2020 SAM CSA survey. This is reflected in the lower score, which is based on the SAM CSA’s understanding of NatWest Group’s publicly available information. 

In 2020, we have 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.

Our MSCI rating was upgraded to an A in October 2020, reflecting our increased focus on embedding sustainable practices throughout the business. Our Sustainalytics score has also improved substantially when compared to 2019, leaving us well placed relative to our peers in the sector. We have been again included in the FTSE4Good Index.

Benchmark
2018
2019*
2020*
Scale**

CDP (Climate Change)

A-

B

A-

A to D-

Industry average

B-

C

B

SAM Corporate Sustainability Assessment

81/100

71/100

41

100 to 1

Industry average

54/100

46/100

39

ISS ESG

C-

C

C

A+ to D-

Prime status

Not Prime

Prime

Prime

Sustainalytics Risk Report

Medium Risk

34.9

Medium Risk

27.7

Medium Risk

20.5

Negligible to Severe

1 to 100

Industry rank (Banks)

437/681

242/933

134/975

MSCI ESG

BBB

BBB

A

AAA to CCC

FTSE4Good

Included

Included

Included

* Scores correct as of 14 December 2020

** From highest to lowest score

Note: The ESG ratings are to a great extent based on public information and are subject to the assessment and interpretation by the ESG rating agencies. Moreover, the ESG ratings are unsolicited and in many instances NatWest Group may not have the ability to influence the outcome of such ratings.

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.