Reducing Cash Impact on Climate Change

With the UK recently hosting the 26th UN Climate Change Conference of the Parties (COP26), companies in the UK cash cycle are thinking about what they can do to play their part.

NatWest issues Royal Bank of Scotland and Ulster Bank banknotes and is a Note Circulation Scheme member in England providing cash handling services throughout the UK. NatWest has played a leading role in getting the UK cash industry to work together to tackle the environmental impact of cash. NatWest are looking at their own processes and changes they can make to reduce their climate impact. Removing the plastic that is used when processing cash is one of these important changes.

As part of the Cash Industry Environmental Charter commitment to eliminate single-use non-recyclable plastic in note centres by 2030, cash is now leaving NatWest’s Edinburgh Cash Centre without plastic wrapping. Since 6 September, Santander, G4S, Loomis and Tesco have been sending out bulk ATM cash from the NatWest Edinburgh Cash Centre, ‘un-sleeved’ and with no single use plastic wrapping.