NatWest is a leading financier of agriculture in the UK, funding over 25% of all farms across the country. NatWest is also a leader in climate and sustainability actions with an ambitious climate transition plan which outlines steps to at least halve the climate impact of their financing activity by 2030 and achieve net zero by 2050. As part of these pledges is a deep commitment to farmers that make up a large percentage of their portfolio. Specifically, NatWest has committed to supporting farmers they work with to build a more sustainable, resilient food system.
As part of this work, NatWest needs to benchmark, monitor, and report on their agricultural portfolio.
In collaboration with Google Cloud and Deloitte, SpatiaFi was used by NatWest to build a UK wide geospatial database of agricultural fields. A series of climate risk analytics, including flood, drought and extreme heat were then summarized to these fields to help support regulatory filings. A series of sustainable finance related data sets were also run such as solar potential and carbon emissions to help NatWest identify opportunities for sustainable loans.
In the Media:
Supporting a Secure and Sustainable Agriculture Sector
SpatiaFi works with global leaders committed to helping build a sustainable, resilient financial system.