Royal Bank of Scotland has hired climate change expert Nicholas Stern to help shape its sustainability strategy as the state-backed lender prepares to rebrand as NatWest Group.
) has hired climate change expert Nicholas Stern to help shape its sustainability strategy as the state-backed lender prepares to rebrand as NatWest Group.
RBS Chief Executive Alison Rose has made helping to tackle climate change a big part of her strategy to rebuild its brand and break with its chequered recent past. His two-year appointment comes as the bank said it signed up to the United Nations Environment Programme Finance Initiative’s Collective Commitment to Climate Action, which sets out how banks will align their services and lending with the objectives of the Paris Agreement.
RBS is expected to secure formal approval of its name change from Companies House in Edinburgh later on Wednesday.
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