Climate and Sustainable Funding and Financing

^{(2) The £61.9 billion cumulative climate and sustainable funding and financing consists of £34.7 billion in lending and £27.2 billion in underwriting transactions.}

^{(3) Lending amounts represent total commitment and include any undrawn portion of committed credit limits.} 

^{(4) Refer to section 2.4 of our 2023 Climate-Related Disclosures Report for data availability and limitations related to EPC data.}

^{(5) 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 of the notional (total underwriting amount lead managed or placed by NatWest Group), based on the number of underwriters within a specific deal, and the allocated auction bond volumes. During the year ended 31 December 2023, NatWest Group lead managed or placed 78 green bonds (including auctions), and private placements totalling a notional amount of £83.0 billion (52 deals, £41.6 billion during full year 2022). The CSFFI criteria allows for the inclusion of eligible sustainability bonds, which began to be included from 1 January 2022 (15 deals, climate and sustainable funding and financing contribution £2.3 billion in the year ended 31 December 2023) and sovereign and EU green bond auctions, which are included from 2023).}

^{(6) 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.} 

^{(7) 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 a customer 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. In the year ended 31 December 2023, the £2.4 billion included above comprised loans of £1.5 billion and bonds and private placements of £0.9 billion.} 

^{(*) Within the scope of EY assurance – see the External Assurance webpage for further details.}