NatWest has cut operational emissions 46% since 2019 and achieved 100% renewable electricity, backed by third-party verification. But it withdrew SBTi validation in 2025, weakening accountability. Financed emissions fell 39% largely through methodology shifts, not real decarbonisation. Fossil fuel financing persists with inadequate exclusion policies.
Same formula for every company. No curve. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × ScaleStrongest on Carbon Footprint — Operations and Energy Source (8/10, 8/10). Weakest on Targets & Commitments and Water Impact (4/10, 4/10).
12 sources used in this assessment. All publicly available. Each row shows which rubric questions it informed.
If you believe a source has been misread or a newer version exists, submit a challenge.
Among the 27 major financial services / banking brands we've scored, NatWest Group sits 6th of 27.
Score history begins 8 February 2026.
As NatWest Group's score updates, the trajectory will appear here.
We're backfilling historical scores for FTSE 100 and S&P 100 companies over the coming weeks.
Every challenge is published. We'd rather be corrected than wrong — that's the whole point.
No challenges submitted yet. If you have evidence that contradicts this score, you can challenge any question above — cite a public source and we'll review it.
NatWest Group is a major UK-based retail and commercial bank, formed from the 2000 merger of National Westminster Bank and Royal Bank of Scotland. It operates across retail, commercial, wealth management, and capital markets in GB and internationally, serving millions of customers.
Major UK bank peer with comparable climate transition trajectory and fossil fuel financing exposure.
View breakdown →UK Big Four peer; alongside NatWest, backed robust sustainable finance regulation vs Barclays/HSBC.
View breakdown →Global systemically important bank; lobbied against sustainable finance regulation; higher fossil exposure.
View breakdown →US megabank with similar scale, financed emissions intensity targets, and ongoing fossil fuel criticism.
View breakdown →Email alerts when a rubric question is verified, a challenge is resolved, or the overall score changes.
One email, every Sunday. Score changes, new research, the stories behind the numbers. Free.
No spam. Unsubscribe in one click.
Readers and institutions support our work. Companies can pay to submit evidence we couldn't find. Neither type of payment changes a score.