NatWest Group plc

Diversified Banks
NWG
$ 5.3 0.19
Share price
$ 28 bn
Market Cap
$ 28 bn
Enterprise Value

Carbon footprint

0.76 Ton
GHG emissions per $ 1 mln investment
0.03x the weighted average for S&P 500
FY2021
How is this calculated?
-33%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+19%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2022
How is this calculated?

NatWest Group plc aims to reduce Scope 1 + 2 by 50% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
NatWest Group plc's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

NatWest Group plc aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
NatWest Group plc's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

NatWest Group plc's GHG emissions (market-based) (Kt of CO2e)
NatWest Group plc's Carbon intensity (Tons per 1 USDm)

NatWest Group plc's carbon footprint

NatWest Group plc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 21 Kt (-10 /-32.6% y-o-y). Also positively, carbon intensity plummeted to 1.3 t (-2 /-60.6% y-o-y).

NatWest Group plc's Scope 3 emissions decreased to 45 Kt (-8.6 /-16.1% y-o-y). This is a higher rate of decline than over the period since 4Q'14 (-11.5% CAGR).

The company is committed to reducing Scope 1 + 2 by 50% by 2025 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -2.3 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -2.2 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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