Climate change presents threats and opportunities for business to drive innovation and resilience.
The UK government committed one year ago to achieving net-zero by 2050 to limit the irreparable physical, biological, economic and social impacts of climate change. Achieving this target will require dramatic changes across all sectors and sizes of business. Companies with fewer than 250 employees account for almost 20% of the UK’s carbon emissions, reminding us of the critical role that SMEs play in the transition to net-zero.
What does ‘achieving net-zero’ really mean?
Governments and organisations are aiming to drive down emissions and offset any residual with technology or by investing in third party initiatives. The goal is achieving net-zero emissions, also referred to as carbon neutrality.
Why should SMEs take action?
SMEs are already aware of the challenge facing them, with 60% reporting that sustainability is on their agenda. There are increasing expectations from customers, investors, suppliers, regulators and employees to act. As more large companies such as Sainsbury’s and BT make net-zero