NatWest has launched a new digital platform designed to help UK companies reduce their carbon footprint and manage fuel and operational costs.

The move forms part of the bank’s commitment to lend £100 billion to businesses in climate and sustainable funding and financing by 2025.

A report by the bank found that between 55 and 70 per cent of businesses cases to reduce emissions will make financial sense for SMEs by 2030.

NatWest said the its carbon planner uses customer data and includes content, resources and solutions designed to help businesses make informed decisions so they can put actions into practice.

“Climate change is one of the biggest global challenges we face today, and small businesses have a critical role to play in helping the UK realise its green ambition,” said Alison Rose, chief executive, NatWest Group. “NatWest Group is committed to supporting its customers to understand and reduce their emissions.

“The launch of Carbon Planner is an important example of how we are putting tools in the hands of our customers to use their own data to cut costs and carbon emissions.”

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