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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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind NatWest Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore NatWest Group’s data sources below and access millions more through our Disclosure Search.
Insights into NatWest Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofNatWest Group amounted to56,286metric 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of NatWest Groupdecreased by 13.72%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
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).a
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.a
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.a
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.a
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.a
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.a
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.a
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.a
The 2024 disclosure of NatWest Group includes a breakdown across 11of 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.a
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).a
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.a
Has NatWest Group reduced its Scope 3 emissions over time?
Since 2019, NatWest Group's Scope 3 emissionshave decreased by 41.86%, reflecting a declining long-term trend in Scope 3 emissions over time.a
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.a
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.a
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:a
- Purchased Goods and Services (Cat. 1): 320,000 tCOâ‚‚e(64%)
- Employee Commuting (Cat. 7): 40,000 tCOâ‚‚e(8%)
- Downstream Transportation and Distribution (Cat. 9): 30,000 tCOâ‚‚e(6%)
NatWest Group's Scope 3 Emissions by Categories
Insights into NatWest Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, NatWest Group reported Scope 1 greenhouse gas (GHG) emissions of 9,402 tCOâ‚‚e and total revenues of USD 18,388 millions. This translates into an emissions intensity of 0.51 tCOâ‚‚e per millions USD.a
NatWest Group's Scope 1 Emissions Intensity Compared to Peers
How does NatWest Group's GHG emissions intensity compare to its peers?
In 2024, NatWest Group reported a Scope 1 emissions intensity of 0.51 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.27, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does NatWest Group rank on GHG emissions intensity within its industry?
In 2024, NatWest Group ranked 14 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
NatWest Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
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.a
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%.a