RVBA-NATWE◇Private

NatWest Group

no trajectory chart yet — needs at least one percent-reduction target with matching scope data

Headline intensities

·Values in USD ($)

Peer cohort: — · lower is better

Revenue intensity

Carbon / $m revenue

—tCO2e / $m revenue

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

—

Operational intensity

Carbon / $m OpEx

—tCO2e / $m OpEx

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

—

Economic intensity

Carbon / $m EVIC

—tCO2e / $m EVIC

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

—

Asset intensity

Carbon / $m PP&E + leased

—tCO2e / $m PP&E

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

—

Climate action evidence

1 record · 1 source

Net-zero claim · FY2050 · In corporate strategy · nzt

"We have an ambition to be net zero by 2050 across our financed emissions, assets under management (AUM) and our operational value chain." (Pg. 6)

Carbon credits retired

408 tCO2e

1 retirement · FY2024 · third-party verified

No self-reported carbon removals for FY2024.

By credit quality

Durable removals408 tCO2e(100%)

Retirements by year and credit class

2024

408tCO₂e

Durable removals

Renewable electricity

No third-party REC retirements on file and no self-reported renewable share disclosed.

Sources

· Puro.earth Registry

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Near-term

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Intensity	2019	2030	−70%	In corporate strategy	intensity — not tracked vs absolute	—

Net zero

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2	2019	2050	—	In corporate strategy	absolute-value target	—

Partial profile

We haven't fully researched NatWest Group yet.

Request a full evidence-chained profile — we'll dig into their carbon, nature, social & water disclosure, find their facilities and sources, and email you when it's ready.

We’ll only use your email to notify you about this request.

Latest reporting year

all years + ratios →

2025

reporting year

Financials

Revenue—

OpEx—

FTE—

Market cap (FY-end)—

Climate

Scope 1—

Scope 2 (market)—

Scope 2 (location)—

Scope 3 total—