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Human rights and modern slavery

At NatWest Group, we understand that businesses have an important role to play in promoting respect for human rights. We seek to promote and respect human rights through the continued implementation of policies and practices covering our colleagues, customers and suppliers.

Respecting Human Rights

This approach reflects our desire to maximise any positive impacts and reduce, where possible, any potential negative impacts that our activity and the activity in our value chain, may have on society.

Respect for human rights is linked to our purpose and our approach is outlined in the Human Rights Position Statement (PDF 111KB) and in our Human Rights Approach diagram (PDF 268KB).

 

Understanding the importance of human rights, our approach is guided by the United Nations Guiding Principles on Business and Human Rights (UNGPs) and is informed by other internationally accepted standards.

NatWest Group engages on the responsibilities of businesses in respecting human rights. We are a member of the Thun Group, which discusses how the financial service sector can incorporate and embed the UNGPs into due diligence processes. We also participate in several indices and benchmarks which help to inform our activity and identify opportunities to continually improve our approach.

We have established a human rights steering group, a management group that brings representatives from across NatWest Group together to coordinate our activities, and to make recommendations to NatWest Group Executive Committee and Board to develop and strengthen our approach.

 

 

 

We are continually evolving our approach and our Sustainable Banking team welcome any input or feedback from stakeholders.

Tackling modern slavery and human trafficking

Modern slavery and human trafficking is a growing global issue affecting women, men and children.

At NatWest Group, we understand we have a role to play in combatting the risk of modern slavery and human trafficking within our own operations, supply chain and customer base.

We welcomed the introduction of the Modern Slavery Act 2015 and understand that, as long as slavery exists, more needs to be done to tackle it. 

 

Our Modern Slavery & Human Trafficking Statement 

2021 Statement (PDF 637KB)

2020 Statement (PDF 774KB)

2019 Statement (PDF 283KB)

2018 Statement (PDF 348KB)

2017-2018 Statement (PDF 177KB)

2016-2017 Statement (PDF 118KB)

Interim Statement (PDF 60 KB)

Related content

Read more about the policies and processes we have in place to to give us better insight into our customers’ activities and address issues of concern.

Read more about the important role we have to play to detect and prevent financial crime, protecting people, families, and businesses. 

Read more about our ambition to quantify the impact of all supplier activities through a supplier engagement framework.