NatWest Group is proud to support the Sustainable Markets Initiative (SMI). At the SMI's Terra Carta Action Forum at COP27, we hosted an event in partnership with the SMI Agribusiness Task Force, which was designed to drive powerful collaboration across industries and sectors to find the right solutions for farmers to tackle climate change. 

Alison Rose DBE
CEO, NatWest Group

Collaboration to galvanise action

Our latest report provides an overview of some of the conversations that took place during the Transitioning the Agricultural Ecosystem event we hosted at the SMI’s Terra Carta Action Forum at COP27, in partnership with the SMI Agribusiness Task Force, WWF-UK and Sustainable Food Trust. 

The report outlines key themes and illustrates the collaborative action needed across the agricultural system to accelerate the transition.


1. Measurement is needed to create a common language

Practical action:

  • Create financial incentives for farmers to collect data that could help farmers, governments, food retailers, and the finance community determine the highest impact areas needed to make progress.
  • Develop and adopt a simple and common measurement standard to reduce the burden of data collection on farmers and enable positive environmental outcomes to be rewarded.


2. Policy needs to support the transition

Practical action:

  • Undertake analysis to better understand policy gaps so we can identify opportunities for aligning incentives between agriculture, climate, and environmental policies of governments.
  • Form a coalition of “the willing” from public, private, regulatory, and philanthropic organisations to work together to influence on supportive policies.


3. Finance is critical to enable the transition

Practical action:

  • Work with actors from across the agricultural and financial ecosystems to design and structure integrated funding and financing solutions to incentivise and support farmers to transition.
  • Collaborate with stakeholders to build and champion transition stories from across the ecosystem; bring the facts to life, make the abstract concrete and show the investment case for sustainable farming.


We would like to acknowledge and thank all key partners that played a role in the SMI Terra Carta Action Forum event. We look forward to continue collaborating with WWF-UK, the Sustainable Markets Initiative Agribusiness and Financial Services Task Forces and the Sustainable Food Trust.

Read the full report

Find out more by taking a look at the full report: A Springboard to Sustainable Recovery – A forum for action at COP27 (PDF 9.3MB)



This material is published by NatWest Group plc (“NatWest Group”), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by NatWest Group and NatWest Group makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. 

For more information on our activity on climate, environment, social and governance matters, please see NatWest Group’s 2022 Climate-related Disclosures Report (PDF 9.4MB) and NatWest Group’s 2022 Environmental, Social and Governance Disclosures Report (PDF 9.6MB).

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