NatWest
Your bank is failing on climate responsibility.
Natwest's ratio of funding renewable energy projects vs fossil fuels is very good. However, it continues to fund fossil fuel expansion, i.e. new pipelines and power plants (almost GBP 1billion of new funding between 2023 and 2024).
In February 2026, NatWest weakened its oil and gas lending rules. Previously the bank required majors to have a credible Paris-aligned transition plan; under the new rules it is enough for a company to have once had a plan. ShareAction accused NatWest of opening the door to fracking and called for shareholders to vote against the chair.
NatWest has committed £200 billion in climate and transition finance by the end of the decade. However, its recent policy weakening calls into question whether the bank can credibly claim climate leadership. We hope to see further improvement.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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