NatWest Plans $136 Billion Financing to Aid Climate Transition
NatWest Group Plc said it will lend 100 billion pounds ($136 billion) to customers cutting carbon emissions by the end of 2025.
The British bank said it will focus on projects that help the U.K. move toward a net-zero economy with products including sustainability bonds and lending to firms that can show they are mostly low-carbon.
NatWest has previously pledged to halve the emissions it finances by the end of the decade and meet net zero targets by 2050. It exceeded its 2019 target to lend 20 billion pounds in climate and sustainable funding and financing earlier this year.
The commitment comes ahead of the upcoming global COP26 climate summit in Glasgow.
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