NatWest Group and the Sustainable Food Trust (SFT) have joined forces to help develop an assessment tool for farmers to measure their environmental impact.
The ‘Global Farm Metric’ measures the sustainability of farming and food production, providing farmers with strength assessments and areas for improvement, as well as insight into how they can lower their emissions.
NatWest is the first bank to invest in the metric and will work alongside the SFT to ensure it is widely accessible in the UK and beyond.
James Close, Head of Climate Change at NatWest Group, said: “As one of the leading banks supporting agriculture businesses, we recognise the challenges that farmers face in reducing their carbon footprints and keeping up with the pace of change in the sector.
“Data and actionable insight will be key in helping the sector on its climate journey, which is why we’re delighted to be working with the SFT on this important initiative. We want to create an industry leading tool and work collaboratively with others, to make this solution a reality for farmers.”