In June 2022, banking giant NatWest launched Carbon Planner, a service designed to help businesses in reducing their carbon footprint. To learn more about the solution, Finextra spoke with head of climate change at NatWest, James Close.
The purpose of the Carbon Planner is to facilitate the green transition of businesses in line with the bank’s carbon emissions and climate impact. Operating as a guide for businesses that can input their gas and electricity usage to see their carbon footprint, the program signposts steps that can be taken to become more sustainable. As resources required for businesses in varying sectors differ, NatWest aims to offer a variety of resources accordingly through the personalisation of their services.
“Those using it are presented with a series of questions. The responses are input into a carbon footprinting model which estimates the carbon footprint. The theoretical foundations of the modelling framework - based on the guidelines provided by the Greenhouse Gas protocol (GHG) – are well founded and understood. However, carbon accounting processes are evolving and Carbon Planner will evolve with them.”