NatWest is increasing its finding for climate transition finance and funding to £200bn, having already exceeded its target to provide £100bn between July 2021 and the end of 2025. the new target will be for funding between July 2025 and the end of 2030.

A new Climate and Transition Finance Framework (CTF) has been released, recognising that supporting the real economy alignment and transition towards net-zero will require “vast investment not only in those industries delivering climate solutions, but across a broader spectrum of industries, including hard-to-abate and emission intensive sectors such as iron and steel, cement and aviation”.

With a nod to technological progress, NatWest pointedly notes that the definitions and scope of the Framework may continue to evolve, particularly as new low carbon solutions are developed and emerge.

NatWest remains committed to the Net Zero Banking Alliance, which recently saw the departure of HSBC.

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