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Insider UK
Insider UK
Business
John Glover

NatWest provided £17.5bn of climate-friendly funding in 2021

NatWest NatWest Group United Kingdom

NatWest Group has supported its customers with £17.5bn climate and sustainability funding and financing in 2021, the bank’s new climate-related disclosures show.

This includes £8.1bn since launching its new target to lend £100bn to these projects by 2025 in July last year.

Lending to oil and gas companies fell by 21% in 2021 from £4.1bn to £3.25bn, now making up 0.7% of the bank’s overall lending.

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