Climate and Sustainable Funding and Financing

^{The historic values reported in the table above may be updated from values we reported in 2021. This is due to updated bills, data provision and extrapolations.}

^{(1) For the year ended 31 December 2022, the NatWest Group CSFFI criteria published in October 2021 has been used to determine the assets, activities and companies that are eligible to be counted. For the year ended 31 December 2021, the CSFFI criteria published in February 2021 was applied. The CSFFI criteria includes lending to personal customers for properties with EPC A and B ratings, and these were included within climate and sustainable funding and financing reporting from 1 July 2021. NatWest Group’s own Green, Social and Sustainability (GSS) bond issuances are not included in the table above. The revised CSFFI criteria published in December 2022 will be used from 1 January 2023. Full details of the CSFFI criteria can be found at natwestgroup.com}

^{(2) Lending amounts represent total commitment and include any undrawn portion of committed credit limits.}

^{(3) Refer to section 5.2 of the 2022 Climate-related Disclosures Report (PDF 9.7MB) for data availability and limitations related to EPC data.}

^{(4) Underwriting of specific use of proceeds debt capital market issuance for project expenditures, as well as green loan commitments when customers meet the CSFFI criteria. Amounts represent the NatWest Group share of the notional (total underwriting amount lead managed or placed by NatWest Group), based on the number of underwriters within a specific deal. During the year ended 31 December 2022 52 green bonds and private placements totalling a notional amount of £41.6 billion (53 deals, £38.7 billion during full year 2021) account for c.20% of the total lead managed or placed transactions by NatWest Group during the period (c.16% for full year 2021). The CSFFI criteria allows for the inclusion of eligible sustainability bonds, which began to be included from 1 January 2022 (20 deals, climate and sustainable funding and financing contribution £2.2 billion in the year ended 31 December 2022).}

^{(5) Sustainability-Linked Loans, Bonds and private placements made to customers, in line with Loan Market Association (LMA) Sustainability Linked Loan principles and International Capital Market Association (ICMA) Sustainability-Linked Bond principles where deal targets include green performance indicators, aligned to CSFFI criteria.}

^{(6) In addition to transactions that directly meet CSFFI criteria based on use of proceeds for green purposes, the CSFFI criteria also include certain general purpose loans and wider financing (including bonds and private placements) to a customer who can evidence (to NatWest Group’s satisfaction through review of the customers’ profit and loss statement or balance sheet): 50% or more of revenues from the categories and sectors outlined in the criteria, or for fund clients 75% of assets under management invested in assets that meet the CSFFI criteria, or for real estate and utilities companies 75% of their assets in categories or sectors outlined by the CSFFI criteria. In the year ended 31 December 2022, the £1.2 billion included above comprised loans of £1.1 billion and bonds and private placements of £0.1 billion.}

^{(7) Of the £17.5 billion of climate and sustainable funding and financing provided in the year ended 31 December 2021, £8.1 billion was provided in the second half of the year and therefore contributes towards the £100 billion target.}

^{(*) Within the scope of EY assurance. See our External Assurance page for details.}