NatWest Group

InfluenceMap Score
C
Performance Band
69%
Organisation Score
51%
Relationship Score
Sector:
Financials
Head​quarters:
Edinburgh, United Kingdom
Brands and Associated Companies:
NatWest Markets, Royal Bank of Scotland, NatWest
Official Web Site:
Wikipedia:

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.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
41%
 
41%
 
48%
 
48%
 
75%
 
75%
 
53%
 
53%
 
49%
 
49%
 
42%
 
42%
 
46%
 
46%

How to Read our Relationship Score Map

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.