NatWest Group PLC
NatWest Group's GHG Emissions Data Preview
In 2024, NatWest Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
NatWest Group has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into NatWest Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of NatWest Group amounted to 56,286 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2023, the total operational greenhouse gas (GHG) emissions of NatWest Group decreased by 13.72%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
NatWest Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are NatWest Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of NatWest Group were 9,402 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has NatWest Group reduced its Scope 1 emissions over time?
Since 2019, NatWest Group's Scope 1 emissions have decreased by 52.99%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2023), NatWest Group's Scope 1 emissions decreased by 27.66%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are NatWest Group's Scope 2 emissions?
In 2024, NatWest Group reported Scope 2 greenhouse gas (GHG) emissions of 126 tCOâ‚‚e using the market-based method, and 46,884 tCOâ‚‚e using the location-based method.
Has NatWest Group reduced its Scope 2 emissions over time?
Since 2019, NatWest Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 60.93%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2023), NatWest Group's Scope 2 emissions (Location-Based) fell by 10.25% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does NatWest Group use for Scope 2 reporting?
In 2024, NatWest Group reported its Scope 2 emissions using the market-based method and using the location-based method.
NatWest Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into NatWest Group's Value Chain Emissions
In 2024, NatWest Group reported 500,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2024 disclosure of NatWest Group includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, down from 12 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.
NatWest Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are NatWest Group's Scope 3 emissions?
In 2024, NatWest Group reported total Scope 3 emissions of 500,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 96% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4% came from downstream activities like product use, distribution, and end-of-life treatment.
Has NatWest Group reduced its Scope 3 emissions over time?
Since 2019, NatWest Group's Scope 3 emissions have decreased by 41.86%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2023), NatWest Group's Scope 3 emissions decreased by 97.01%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does NatWest Group disclose?
In 2024, NatWest Group reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of NatWest Group's Scope 3 emissions?
In 2024, the largest contributors to NatWest Group's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 320,000 tCOâ‚‚e (64%)
- Employee Commuting (Cat. 7): 40,000 tCOâ‚‚e (8%)
- Capital Goods (Cat. 2): 30,000 tCOâ‚‚e (6%)
NatWest Group's Scope 3 Emissions by Categories
Insights into NatWest Group's Total Carbon Footprint
In 2024, NatWest Group reported a total carbon footprint of 556,286 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 96.69% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to NatWest Group's total carbon footprint was Scope 3 emissions, accounting for 89.88% of the company's total carbon footprint, followed by Scope 2 emissions at 8.43%.