RBS hires top climate expert as it says goodbye to historic name [Reuters]
ROYAL BANK of SCOTLAND (RBS)
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Source: Reuters
RBS hires top climate expert as it says goodbye to historic name LONDON, July 22 (Reuters) - 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. 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. Stern, who authored the influential Stern Review in 2006 that helped set the agenda on the economic costs of global warming, will advise the group on meeting targets to make its own operations carbon neutral by the end of this year and halving the climate impact of its financing activity by 2030. 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 Agre
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