NatWest has announced a series of initiatives, leading with a target to provide £100 billion of Climate and Sustainable Funding and Financing (CSFF) by the end of 2025.
Part of this new CSFF target will help to support the investment needed to transition the UK to a net zero economy and will help to support the bank’s customers including SMEs on their transition to a net zero and a more sustainable economy.
To be classed as eligible for climate and sustainable funding and financing, assets and projects must meet NatWest Group’s updated criteria.
Eligible projects include new renewable energy generation projects or capacity additions at existing sites; energy storage facilities; schemes to improve the energy efficiency of buildings; corporate green bonds. sustainability bonds and sustainability-linked loans, and general lending to businesses who draw at least half of their revenues from the net-zero transition.
To learn more, please visit Natwest Business Hub.
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