Our purpose and strategy
Our purpose is Helping Britain Prosper.
We’re supporting farmers to switch to more sustainable farming practices.
Agriculture and the food value chain, play a significant role in tackling many of the UK’s sustainability challenges. Alongside food production, British farmers also maintain ~70% of the UK’s natural spaces and thereby have a key role to play in both protecting and restoring nature.
For the agricultural sector, being both sustainable and profitable can be a challenging balance.
As the UK’s biggest lender to agricultural businesses, we’re supporting farmers to switch to more sustainable farming practices to help them unlock increases in productivity, profitability, and ensure food security for our communities.
We’re working with partners and experts to develop sustainable solutions for farmers.
Through our ten-year partnership with the Soil Association Exchange, we have developed tools and services to provide consultancy support and guidance to farmers.
This includes advice on improving soil health, reducing carbon emissions, and improving biodiversity on their farms, while maintaining a focus on profitable food production.
As a member of the Sustainable Markets Initiative (SMI) Agribusiness Transition Hub, we’re supporting activity that explores new finance mechanisms and models that can directly support UK farmers in moving to more sustainable practices.
Our financial support for farmers made up almost of a third of all lending to the sector in 2023 alone.
We provide discounted finance for initiatives to make farms more sustainable. Our Clean Growth Financing Initiative (CGFI) offers discounted green lending of £25,001 minimum for new or additional lending, when used to improve a business’s environmental impact.
Andrew Walton, Chief Sustainability Officer, shares his thoughts on how farmers can drive meaningful environmental change, while also ensuring they are financially successful and able to meet future food demands
As part of our long-standing support for the agricultural sector, we're calling on the UK Government to act.
Farming is responsible for 11% of the UK’s pollution1, with most of this coming from natural processes, which are hard to reduce.
Decarbonisation is dependent on uptake of low carbon farming methods, improvement in agricultural productivity and changes in consumer behaviour.
Collaboration across the public and private sector is key to help farmers on their sustainability journey.
We’re calling on the Government to:
As the UK’s largest financial services provider, we have an important role to play in creating a more sustainable and inclusive future for people and businesses, by shaping finance as a force for good.
We're focussing on where we live, the energy we use, how we move and how we farm to support the transition to a more sustainable and inclusive society.
What is the Voluntary Carbon Market (VCM) and how can it help reduce or remove greenhouse gas emissions, and direct funds to critical areas?