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Ulster Bank & Climate Change

Ulster Bank & Climate Change 7 April 2021

‘Ulster Bank believes strongly in leading the way to a greener future’

via Belfast Telegraph

The past year has been a challenging one for many businesses — there has been a lot to contend with in relation to both the coronavirus pandemic and also the UK’s exit from the EU.

So, for many companies, climate change perhaps hasn’t been high on their list of priorities.

But climate change will, no doubt, move further and further up the agenda for companies, such is its importance. And indeed, the green economy provides an opportunity for jobs and growth.

That is why we are pleased to support the new award in this year’s Belfast Telegraph Business Awards, in partnership with Ulster Bank, to recognise climate action by companies.

Action on climate change is extremely important to Ulster Bank and our parent bank NatWest.

Tackling climate change is one of the biggest challenges of our time and as a leading bank, we have a significant responsibility, and the ability, to encourage, enable and lead the way to transition to a net zero carbon economy.

Our CEO Alison Rose has outlined the bank’s strong commitments in this area, which includes reducing the bank’s own impact on the environment by offsetting our carbon footprint and making our own buildings and activities more energy efficient, and also by looking at what we’re funding.

In this respect, NatWest Group will stop lending and underwriting major oil and gas producers, unless they have a credible transition plan in line with the 2015 Paris Agreement by the end of 2021.

Read the full story here.