RBS to phase out coal funding as it sets sites on becoming 'climate positive' bank

Michael Holder
clock • 4 min read

Partly UK state-owned banking group's net zero strategy includes halving climate impact of its lending by 2030, as it unveils plans to rebrand as NatWest Group later this year

RBS is to place driving the low carbon transition at the forefront of its banking activity, today setting its sights on becoming 'climate positive' across its own operations by 2025 and to "at least halve"...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Net Zero Now

Net Zero Festival 2022: Day one live blog

Net Zero Festival 2022: Day one live blog

Catch up on all the latest news, top speakers and in-depth discussion from day one of BusinessGreen's Net Zero Festival

BusinessGreen staff
clock 28 September 2022 • 1 min read
Net Zero Festival: Phoenix Group's Tim Lord on the challenge and necessity of building net zero investment portfolios

Net Zero Festival: Phoenix Group's Tim Lord on the challenge and necessity of building net zero investment portfolios

VIDEO: Head of climate change at Phoenix Group explains how the pensions and investment is working to decarbonise its £300bn portfolio

BusinessGreen staff
clock 28 September 2022 • 1 min read
Roger Lewis, head of ESG, Downing LLP

Investment manager Downing LLP nets B Corp status

Company now recognised as a sustainable investor following introduction of green initiatives across its investment platform

clock 28 September 2022 • 1 min read