Skip to content
City of London

NatWest Tops Ranking of Banks Backing Green Energy, BNEF Says

Bloomberg business news
Banks Are Falling Short on Financing Clean Energy Deals

NatWest Group Plc provided more than five times as much finance to low-carbon energy projects as to fossil-fuel businesses in 2021, the best ratio of all major lenders studied, according to an analysis by BloombergNEF.

The British firm lent $10 billion to green projects and $1.8 billion to fossil fuels, giving it an energy supply banking ratio of 5.5 in the BNEF league table. That was more than double the proportion at Deutsche Bank AG, which ranked second, according to BNEF’s Financing the Transition report, published Tuesday.