Ratings as at 10 March 2026
Footnotes:
(1) The ESG ratings presented on this page are those that (i) have been updated in 2025 (ii) we consider to provide meaningful benchmarking against our peers and industry standards. These ratings are (i) unsolicited; (ii) based on the independent assessment, methodologies, definitions, and scope applied by each ESG rating agency, which may differ significantly and can lead to variation in ESG outcomes for any given company; (iii) provided without warranty, whether expressed or implied; (iv) not a sponsorship, endorsement, or promotion of NatWest Group by any rating agency; and (v) subject to change, and may depend on factors some of which are outside of NatWest Group’s control (including changes in rating methodologies, underlying assumptions, or publicly available information). ESG rating providers are not currently subject to a specific regulatory regime or supervisory oversight which may impact the consistency, comparability, and reliability of their assessments. Some ESG rating providers rely solely on publicly available information, which may result in data gaps, incomplete coverage, or misinterpretation of disclosures.
ESG ratings should therefore not be viewed as a recommendation or advice to invest in, purchase, or sell any securities, nor should they be relied upon as a sole basis for evaluating NatWest Group’s performance. Stakeholders are encouraged to consider multiple sources of information and conduct their own independent assessment.
(2) Copyright © 2025 Morningstar Sustainalytics. All rights reserved. This publication contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data 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.
(3) The use by NatWest Group of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein 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. MSCI names and logos are trademarks or service marks of MSCI.
