We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Alison Rose is on the board of the IIF
Alison Rose (Chief Executive Officer, NatWest Group)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
NatWest Group is a member of the IIF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Royal Bank of Scotland Group is a member of the IIF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Alison Rose is on the board of the IIF
Alison Rose (Chief Executive Officer, NatWest Group)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
NatWest Group is a member of the IIF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Royal Bank of Scotland Group is a member of the IIF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of September 2022, Jonathan Peberdy is on the board of AFME
Jonathan Peberdy (Managing Director, Head of Financing and Risk Solutions, NatWest Markets)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Scott Satriano is on the board of AFME
Scott Satriano (Managing Director, Head of Financing and Risk Solutions, NatWest Markets)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of September 2022, Jonathan Peberdy is on the board of AFME
Jonathan Peberdy (Managing Director, Head of Financing and Risk Solutions, NatWest Markets)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Scott Satriano is on the board of AFME
Scott Satriano (Managing Director, Head of Financing and Risk Solutions, NatWest Markets)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Carol Young is a board member of the PLSA
Carol Young (Director of Reward & Employment)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Carol Young is a board member of the PLSA
Carol Young (Director of Reward & Employment)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Royal Bank of Scotland and NatWest are members of UK Finance which is a national association member of EBF
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Royal Bank of Scotland and NatWest are members of UK Finance which is a national association member of EBF
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
As of September 2022, NatWest is an affiliate member of The Investment Association, which is a national association member of EFAMA
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
RBS Collective Investment Funds is a full member of the Investment Association which is a national association member of the EFAMA
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
As of September 2022, NatWest is an affiliate member of The Investment Association, which is a national association member of EFAMA
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
RBS Collective Investment Funds is a full member of the Investment Association which is a national association member of the EFAMA
not specified
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Sustainable Finance Lobbying Overview: The NatWest Group, formerly Royal Bank of Scotland Group (RBS), appears to have had some engagement on sustainable finance policy, which has largely been limited to high-level supportive statements.
Top-line Messaging on Sustainable Finance Policy: NatWest Group has stated support for the transition to a low-carbon economy and appears to support investment strategies guided by the need to achieve zero-carbon economies by 2050 as a founding member of the Net-Zero Banking Alliance in 2021. In 2022, NatWest also supported the UK Treasury’s proposal to update the financial regulators’ regulatory principles and reference climate change and net-zero.
Position on Taxonomies: In 2019 and 2021 website articles, NatWest Markets expressed high-level support for the EU Taxonomy. In comments to the UK Financial Conduct Authority (FCA) on green finance in 2019, it also offered high-level support for the UK Taxonomy but cautioned that it should seek international applicability.
Position on Regulated Corporate ESG Disclosure: NatWest has been supportive of the Corporate Sustainability Reporting Directive (CSRD), in a 2021 website article Also in a 2021 website article, NatWest supported ambitious TCFD standards in relation to proposals by the Financial Stability Board, which are likely to inform regulations. In response to a UK FCA consultation on green finance in 2019, RBS further stated support for the integration of the TCFD recommendations into reporting frameworks.
Position on ESG Standards, Labels & Benchmarks: In a 2019 website article, NatWest offered broad support for regulated green bond standards.
Position on Integrating ESG into Investor Duties: In a 2021 website article, NatWest supported amendments to regulation on fiduciary duties that encourage sustainability risk assessments.
Lobbying Transparency: NatWest has described a small number of sustainable finance policy positions in broad terms. NatWest has disclosed memberships to third-party organizations, but has not given further details on further indirect influence.