NatWest stood out in 2025 for its breadth and depth across both sustainable finance and sterling bond markets, demonstrating a highly differentiated, advisory-led approach. In ESG, the bank combined strong execution with market-leading expertise in structuring and sustainability analytics, supporting issuers across GSS/S frameworks, EuGBS formats and sustainability-linked bonds, all underpinned by comprehensive pre- and post-issuance ESG analysis. Its proprietary investor scorecards and ratings advisory played a tangible role in strengthening issuer ESG profiles, highlighting a commitment that extends well beyond distribution. Alongside this, NatWest showed particular strength in GBP markets, providing issuers with well-timed, targeted access to sterling liquidity across benchmarks, MTNs and private placements, supported by close relationships with UK and international investors. This blend of technical ESG leadership, focused sterling expertise and consistently positive market feedback makes NatWest a deserving winner of the 2025 Awards for Best ESG Bookrunner and Best GBP Bookrunner/Dealer. Full reasoning on these award wins can be found here, in the official Award Statement.