The Green Finance Institute (GFI), in partnership with Lloyds Banking Group and NatWest Group, has unveiled a groundbreaking report outlining the potential for an innovative green finance mechanism, Property Linked Finance (PLF), to channel billions of pounds worth of private investment into sustainable retrofit across the UK. The report sets out a series of guiding principles and key steps for how PLF should be designed and launched in England and Wales, including calling for enabling legislation from the government as well as the establishment of pilot programmes, initially in the…
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NatWest Group to provide £1 Billion in additional lending to UK Manufacturing to support Net Zero transition
NatWest Group has announced that, from today, it aims to provide an additional £1 billion in lending to the UK Manufacturing sector by the end of 2030, aiming to stimulate growth in the sector and help manufacturers invest in cleaner, more efficient forms of energy generation and use, with lending deployed through loans, asset finance, and overdrafts. Manufacturing in the UK is responsible for nearly 10% of total economic output, and over 8% of all employment in the UK[i]. However, it is a significant contributor to greenhouse gas emissions, with…
Read MoreNatWest Group launches ‘Sustainable Homes and Buildings Coalition’
NatWest Group launches a ‘Sustainable Homes and Buildings Coalition’, with British Gas, Worcester Bosch, and Shelter, to improve UK buildings energy efficiency, and to address the key blockers to meeting net zero in the UK buildings environment. Citizens Advice will act in an advisory capacity to the Coalition on the needs of, and challenges faced by consumers in the transition to net zero. NatWest Group and its coalition partners are today announcing the launch of a cross-sector coalition seeking a just green buildings transition in the United Kingdom, ensuring both…
Read MoreNatWest Group appoints James Close to lead climate change agenda
James Close, who was director for climate change at the World Bank for four years until 2018, will join NatWest as Director, Climate in the new year from London Waste and Recycling Board, a partnership between the Mayor of London and the London boroughs working to reduce consumption-based emissions and waste. In his new role at NatWest Group, James will define and deliver a roadmap for the response to climate-related risks and opportunities. He will also set up and lead a climate centre of excellence to help the bank deliver…
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