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Our expertise in sustainable finance

Supporting the climate transition with Lombard

Building a renewable future

Lombard is a leader in addressing the climate crisis, and we aim to have our operations climate positive by 2025.  Lombard is helping drive a green future by providing businesses with the support they need to invest in renewable assets as we all make the transition to a low-carbon economy and build a greener future.

How Lombard can help with business climate goals

Zero emission vehicles

By adopting electric vehicles for your business you could benefit from:

  • Reduced tax - offset 100% of the cost of electric cars against taxable profits 
  • Plug-In Vehicle Grants - up to £3,000 for eligible cars and £8,000 for eligible light commercial vehicles (LCVs)
  • Reduced fuel and maintenance costs
  • Lower National Insurance contributions for zero emissions company cars

Learn more about Lombard products and  the advantages of zero emission vehicles.

Renewable asset finance

Lombard can offer a range of financing solutions that could fit your business needs. Funding could be used for a wide variety of renewable energy assets, such:

  • Onshore wind power
  • Solar PV (roof or ground mounted)
  • Efficient LED lighting 
  • Other technology assets

Learn more about our funding options.

Changing regulations and the Ultra Low Emission Zone

The Ultra Low Emission Zone is a fee charged to the most polluting vehicles in Central London within the specified area to improve air quality. 

  • Only vehicles that meet the latest emissions standards are exempt.
  • Charges can range from £12.50 to £100 per day per vehicle, depending on the classification
  • London’s ULEZ will expand in 2021

Learn more about the Ultra Low Emission Zone and whether your vehicles are likely to be charged.

Charging ahead to net zero with Octopus Energy

Interested in electric vehicles but not sure how charging solutions work? Lombard and Octopus Energy are offering an innovative e-mobility charging solution to help businesses charge and operate their electric vehicles with good business sense.

We receive a fee from Octopus Energy for all customers we introduce who go on to buy one of their products or services.

Our climate change strategy

Our current focus

Helping to end harmful activity

Lombard and the wider Natwest Group plan to stop lending to and underwriting companies with more than 15% of activities related to coal

Championing climate solutions

We plan to provide an additional £20bn funding and financing for climate and sustainable finance between 2020 and 2022.

Accelerating the speed of transition

We plan to help customers reduce their carbon impact with products and services, delivered through cross-industry collaboration

Our progress

Reducing our footprint

We’re working to make our operations climate positive by 2025

Working with the United Nations (UN)

We are a founding signatory of the UN Environment Programme Finance Initiative’s Principles for Responsible Banking

Find out more about our strategy

We’re determined to be a leading bank in addressing the climate challenge

Further resources

Stay informed about government schemes and climate updates with the following useful sites:

Environmental taxes and schemes

Stay informed about the government’s environmental taxes, reliefs and schemes for businesses here

Google’s carbon tracking tool

Google’s Your Plan, Your Planet tool offers simple, personalised recommendations for how you can reduce your carbon footprint.

RenewableUK

The trade association for wind power, wave power and tidal power industries in the United Kingdom.

Get in touch

We can discuss finance solutions and answer any questions you might have.