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ESG ratings and benchmarks
NatWest Group has continued to proactively respond to a number of key ESG surveys and sustainability assessments, achieving above industry average in several benchmarks.1
As of December 2022:
- We have improved our ESG rating to C+ and retained Prime status with ISS ESG, scoring in the top performing organisations in the industry.
- We received an ESG Risk Rating of 17.4 from Sustainalytics and was assessed to be at Low Risk of experiencing material financial impacts from ESG factors.2
- We received a rating of AA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.3
- NatWest Group scored 61 (out of 100) in the 2022 S&P Global Corporate Sustainability Assessment. As of 31 December 2022, we performed in the top quintile in the Banks Industry in the S&P Global Corporate Sustainability Assessment.
Additionally in the 2022 CDP Climate Change Disclosure we maintained our score of B, against a Financial Services average of B-.
We continue to work to further integrate climate-related considerations within business processes and support the transition to a net-zero economy.
We continue to respond to the UN Global Compact (UNGC) annually, which signals our support for the universal principles on human rights, labour, environment and anti-corruption. A copy of our latest UNGC Compact Communication on Progress is available here.
|
Benchmark
|
2019
|
2020
|
2021
|
2022*
|
Scale (best to worst score)
|
|---|---|---|---|---|---|
|
CDP (Climate Change) |
B |
A- |
B |
B |
A to D- |
|
CDP Industry average |
C |
B |
B |
B- |
|
|
S&P Corporate Sustainability Assessment (CSA) |
71 |
41 |
63 |
61* |
1 to 100 |
|
ISS ESG |
C |
C |
C |
C+* |
A+ to D- |
|
ISS ESG Prime status |
Prime |
Prime |
Prime |
Prime |
|
|
Sustainalytics Risk Report2 |
27.7 |
20.5 |
17.3 |
17.4* |
Negligible to Severe 1 to 100 |
|
MSCI ESG3 |
BBB |
AA |
AA |
AA* |
AAA-CCC |
|
FTSE4Good4 |
Included |
Included |
Included |
4.3/5 |
5 to 0 |
* Scores correct as of 31 December 2022
Footnotes:
(1) ESG ratings on this page are: (i) unsolicited; (ii) not a sponsorship, endorsement, or promotion of NatWest Group by the relevant rating provider, nor (iii) a warranty. Currently, ESG rating providers are not regulated like credit rating agencies. Some ESG ratings providers only rely on public information. So, their outputs may be subject to data gaps. ESG rating providers use different definitions, scope and methodologies leading to variation in ESG ratings for any given company.
(2) Copyright ©2022 Sustainalytics. All rights reserved. This section contains information developed by Sustainalytics. Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers
(3) The use by NatWest Group of any MSCI ESG Research LLC or its affiliates (`MSCI’) data, and the use of MSCI logos, trademarks, service marks or index names herein do not constitute a sponsorship, endorsement, recommendation, or promotion of NatWest Group by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided `as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
(4) FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that NatWest Group has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
Read more about our signatories, memberships, and accreditations.