(Adds context)
LONDON, Nov 16 (Reuters) - NatWest said on Monday it
had signed up to the Science-Based Targets initiative as part of
its efforts to reduce its carbon emissions.
The bank set out targets 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.
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.
More than 1,000 companies have committed to setting such
targets - including rival HSBC - which are increasingly
seen by investors as crucial to show how businesses will meet
their green ambitions.
Britain is set to host the COP26 climate change summit in
Glasgow next year.
(Reporting by Iain Withers; editing by Simon Jessop and Jason
Neely)
HSBC Holdings (HSBA)
Natwest (NWG)