NatWest tightens fossil fuel financing rules as it ups green lending to £17.5bn

Michael Holder
clock • 3 min read
NatWest's Bishopsgate head quarters in London | Credit: NatWest Group
Image:

NatWest's Bishopsgate head quarters in London | Credit: NatWest Group

Bank unveils 'most extensive TCFD disclosure to date' backed by plans to restrict financing to UK-based oil and gas firms

NatWest has further restricted its lending to oil and gas firms, after a year which saw it ramp up its climate and sustainability funding and financing to £17.5bn. In what it claims to be its most extensive...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Planning reforms: Government touts £7.5bn boost, but 'uncertainty' over nature risks remains

Kingspan inks collaboration deal with green steel producer Hydnum Steel

More on Investment

HSBC shareholders urge bank to reaffirm net zero commitment
Investment

HSBC shareholders urge bank to reaffirm net zero commitment

Investors managing £1.2tr in assets sign statement to be read at HSBC’s AGM today warning that weakening its climate policies would put it 'out of step' with other European financial firms

Michael Holder
Michael Holder
clock 02 May 2025 • 5 min read
FSC and Mirova team up to channel funds into 'critical line of defence against climate change'
Investment

FSC and Mirova team up to channel funds into 'critical line of defence against climate change'

Forest Stewardship Council and B Corp asset manager announce new partnership to better align investments with responsible forest management

Stuart Stone
Stuart Stone
clock 29 April 2025 • 2 min read
RLAM adopts 'sustainability focus' label across £11bn investment portfolio range
Investment

RLAM adopts 'sustainability focus' label across £11bn investment portfolio range

Royal London Asset Management said the label would give 'reassurance to clients regarding he high standards of sustainability practices embedded in our funds'

Cristian Angeloni
Cristian Angeloni
clock 25 April 2025 • 1 min read