- Last week, InfluenceMap published its latest climate assessment of the Big Four UK Banks - Barclays, HSBC, Lloyds & NatWest. 💰🛢️The research shows that all 4 financed expansionary oil & gas companies in the last five years, out of line with the IEA’s Net Zero by 2050 Scenario. 🧵
Jun 3, 2025 15:02
- 🌱🏭It showed that Barclays, HSBC & Lloyds consistently directed more financing to fossil fuel companies than to green companies by significant margins from 2020 to 2024 - but that NatWest bucked this trend, financing green companies over fossil fuel companies at an average ratio of 1.5 to 1.
- Comparing reported advocacy and direct advocacy for each of the banks showed: 🟢NatWest & Lloyds supported science-aligned policy privately, but were less clearly supportive in public statements 🛑 Barclays publicly reported greater support for policies than in direct communications with government
