Tesco and NatWest from UK introduce new sustainable financing scheme for farmers

Tesco, the UK’s largest supermarket chain, and NatWest, one of the country’s largest banks, have an innovative sustainable finance scheme aimed at supporting nearly 1,500 of Tesco’s farmers (mainly related to beef, lamb and dairy).

The scheme is designed to provide preferential rates on finance, aiding farmers in transitioning to sustainable farming methods, therefore contributing to efforts to decarbonise farms and reduce emissions. Among these sustainable practices, participating farmers will invest in renewable energy sources such as solar panels, wind turbines, and fossil fuel-free heating or cooling systems. Farmers will also gain access to Tesco’s preferred suppliers, potentially receiving volume discounts on renewable energy assets.