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

Michael Holder
clock
RBS aims to be net zero carbon in 2020 and 'climate positive' in 2025
Image:

RBS aims to be net zero carbon in 2020 and 'climate positive' in 2025

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
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now Try 7 day trial

 

Already a BusinessGreen
member?

Login

More on Net Zero Now

Credit: iStock

Royal Mail, Co-op and Marks & Spencer pension schemes target net zero

British household names commit to halving emissions in their pension portfolios by 2030

Martin Richmond
clock 26 May 2022 • 2 min read
Rooftops in Jordanhill, West Glasgow | Credit: iStock

The UK's net zero target is under threat because there's no plan to pay for it

Building decarbonisation is critical to delivering a net zero Britain, but neither the Treasury nor Scottish government have set out a vision for how a mass green homes retrofit programme could be funded, writes Glasgow Caledonian University’s Keith Baker...

Keith Baker, Glasgow Caledonian University
clock 26 May 2022 • 4 min read
Credit:

HSBC responsible investing head's climate speech was misinformed, misguided and deeply irresponsible

Former UN climate chief Christiana Figueres describes Stuart Kirk's speech last week as 'one of the most irresponsible public statements we have heard in years'

Christiana Figueres
clock 26 May 2022 • 3 min read