The bank aims to achieve net zero across financed emissions, AUM and operational chain value by 2050
IN BRIEF:
- Natwest aims to at least half the climate impact of its financing activity by 2030 by aiming to provide an additional £1bn in lending to the manufacturing sector by the same year
- It hopes to stimulate growth in the sector while also helping manufacturers invest in cleaner and more efficient forms of energy generation
- The lending will be deployed through a range of loans, asset finance and overdrafts
What does this mean?
“Manufacturing is a significant contributor to both the economy and UK carbon emissions, and so it’s important that businesses in this sector are supported to transition to cleaner, more sustainable operations in a positive way, where the benefits outweigh the costs,” NatWest Group CEO Alison Rose DBE said. “That’s why we aim to provide an additional £1bn of lending to the Manufacturing sector, to help businesses in transitioning to a net-zero economy.”
