View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company News
October 14, 2021

NatWest to target £100bn of sustainable and climate funding by 2025

UK banker NatWest has targeted £100bn of sustainable and climate funding for its customers by the end of 2025.

By Zachary Skidmore

NatWest has set a target to provide £100bn of sustainable and climate funding for its customers by the end of 2025. This comes after a previous announcement to achieve £20bn of climate and sustainable finance funding between 2020 and 2022. The bank already exceeded the early delivery of £21.5bn in the first half of the year.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

“Our ambition is to be a leading bank in the UK and Ireland helping to address climate change by setting ourselves the challenge to at least halve the climate impact of our financing activity by 2030, to reach net zero by 2050, and make our own operations climate positive by 2025,” NatWest said in a statement.

Climate strategy

The bank unveiled these ambitions beside a new report estimating that the UK’s six million small to medium-sized enterprises (SMEs) can achieve 50% of the UK’s decarbonisation goals.

The report, titled ‘Springboard to Sustainable Recovery‘, also claimed that the SMEs could create up to 130,000 new jobs and produce around 30,000 new businesses, resulting in a £160bn opportunity for the UK economy.

Chief executive Alison Rose stated: “According to the ‘Springboard to Sustainable Recovery’ report published today, SMEs play a critical role in the UK economy, contributing around 50% of total UK turnover and around 60% of employment. This report is the response to what our business customers are telling us they need in terms of practical support as they face a complex decision-making process”.

This announcement comes as the UK prepares to host the UN’s COP26 climate summit. Expectations are high amongst campaigners that the summit will produce a tangible roadmap for decarbonising the economy, to prevent the impacts of climate change from becoming irreversible.

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology