Climate and Sustainable Funding and Financing

(1) For the year ended 31 December 2024, the NatWest Group CSFFI criteria published in March 2024 were used to determine eligible assets, activities and companies for inclusion. For the year ended 31 December 2023, our CSFFI criteria published in December 2022 were applied. For the year ended 31 December 2022, our CSFFI criteria published in October 2021 were applied. For the period ended 31 December 2021, the CSFFI criteria published in February 2021 were applied. Lending to personal customers for properties with EPC A and B ratings was included within climate and sustainable funding and financing reporting from 1 July 2021. NatWest Group’s own Green, Social and Sustainability (GSS) bond issuances are not included in the table above. Climate and sustainable funding and financing represents only a relatively small portion of our overall funding and financing. Full details of the latest CSFFI criteria can be found at natwestgroup.com 

(2) Lending amounts represent total commitment and include any undrawn portion of committed credit limits. 

(3) Refer to page 60 for data availability and limitations related to EPC data. 

(4) Underwriting of specific use of proceeds debt capital market issuance for project expenditures, sovereign and EU green bond auctions, as well as green loan commitments when customers meet the CSFFI criteria. Amounts represent the NatWest Group share (total underwriting amount lead managed or placed by NatWest Group) of the notional deal amount and the allocated auction bond volumes. During the year ended 31 December 2024, NatWest Group lead managed or placed 103 green bonds (including auctions), and private placements totalling a notional amount of £11.6 billion (78 deals, £10.2 billion during full year 2023). The CSFFI criteria allow for the inclusion of eligible sustainability bonds, which contributed 18 deals and £2.8 billion of climate and sustainable funding and financing in the year ended 31 December 2024. 

(5) Sustainability linked loans, bonds and private placements aligned with Loan Market Association (LMA) Sustainability Linked Loan principles and International Capital Market Association (ICMA) Sustainability Linked Bond principles where deal targets include green performance indicators, aligned to CSFFI criteria. 

(6) In addition to transactions that directly meet CSFFI criteria based on use of proceeds for green purposes, the CSFFI criteria also include certain general purpose loans and wider financing (including bonds and private placements) to customers who can evidence (to NatWest Group’s satisfaction through review of the customers’ profit and loss statement or balance sheet): 90% or more of revenues are in the categories or sectors outlined in the CSFFI criteria, or for real estate and utilities companies 90% of their assets are in categories or sectors outlined by the CSFFI criteria, or for fund clients 90% of assets under management are invested in activities that meet the CSFFI criteria.