Danske Bank has launched a new £35 million Agri Sustainability Fund to support agri-business customers as they become more sustainable.
The fund will see the introduction of sustainability initiatives into agri-businesses amid the transition to net zero.
The initial focus of the fund will be on on-farm renewables leading to the installation of:
- Solar panels;
- Wind turbines;
- Battery storage systems;
- Anaerobic digesters;
- as well as Other technologies which aim to reduce emissions while also addressing the impacts of rising energy costs.
Head of agri-business at Danske Bank UK, Rodney Brown, said the fund marks the next step in Danske Bank’s commitment to help its customers become more sustainable.
“Many of our agri-business customers know they need to act and we believe that as their bank, with our own sustainability team here in Belfast, that we are well placed to help them put their plans into action,” he said.
“Danske Bank is very conscious of the important role we can play in financing the transition to a more sustainable future.
“We have set ourselves a target of being operationally net zero by 2030 – but it will be through supporting the sustainability approach of our customers, that we will make the greatest impact.”
Agri Sustainability manager at Danske Bank, Paul Clingan, said: “Sustainability issues are increasingly a key feature of the conversations I have been having with our agri and farming customers.
“Many want to introduce more sustainable technologies into their working practices and this new fund aims to encourage and support them to make those good intentions a reality.
“I look forward to speaking with many more customers about how the Agri Sustainability Fund could not only benefit the environment but also provide a boost to their business at a time when costs for energy and materials is high.”
