NatWest have released their new ‘Carbon Planner’ tool, a free to use digital platform designed to help cut businesses energy costs, whilst reducing their carbon footprint. The tool has been created to support all retail businesses, not only NatWest customers, through the current cost-of-trading crisis.

The NatWest Carbon Planner provides personalised actions based on user-data, enabling users to make better informed decisions when looking to reduce their carbon emissions.

Businesses can benefit from vital information such as the potential savings of adopting sustainability measures and the time it will take to earn a return on investment. Around two thirds of businesses that sign up to the NatWest Carbon Planner are making use of the tool to create a transition action plan. 

Solange Chamberlain, Chief Operating Officer, Commercial & Institutional, NatWest Group, said: “The tool can help businesses invest to save by switching from volatile commodities to renewable sources with predictable prices, and support retail businesses in taking actions to measure, evaluate and act to reduce their climate impact.

“We must support UK businesses through the current challenges without falling behind on taking the sustainability measures that will ultimately lead us towards a cleaner, greener future”.

NatWest’s A Springboard to Sustainability report, published November 2022, estimated that there is a potential £175bn revenue opportunity available for the UK economy through the decarbonisation and the drive to Net Zero.

The report, commissioned in partnership with McKinsey, also found that with rising energy costs, the business case for decarbonisation is stronger than ever.

Visit NatWest's Carbon Planner for yourself here.