LONDON, Nov 16 (Reuters) - NatWest said on Monday it
had become the first UK bank to sign up to the science-based
targets initiative as part of its efforts to reduce its carbon
emissions.
The bank set out tagets in February to make its own
operations net zero carbon by the end of this year and to at
least halve the climate impact of its finance activity by 2030.
More than 1,000 companies have already set science-based
targets, which are increasingly seen by investors as crucial to
clearly show how businesses will meet their green ambitions.
The Science Based Targets initiative, a collaboration
between groups including the United Nations Global Compact
(UNGC), sets best-practice standards and assesses company
efforts to align with the Paris agreement on climate change.
(Reporting by Iain Withers; editing by Simon Jessop)