Lloyds Bank pioneers definitive method to measure farm environmental data
As part of a ten-year partnership, Lloyds Banking Group has supported Soil Association Exchange in developing and deploying a standardised methodology for collecting and reporting holistic environmental baseline data from farms in the UK.
The aim is to provide farmers with guidance around changes that can improve soil health, reduce carbon emissions, lower inputs and improve biodiversity, while retaining a focus on profitable food production and capitalising on income opportunities.
It's heartening to see this kind of collaboration from the finance industry, particularly when we see pressure groups elsewhere lobbying banks to stop funding the meat industry. Lloyds and the Soil Association have taken a rigorous evidence-based approach to tackling the climate change challenge, working with the farming industry.