How to Achieve Net ZeroThree key recommendations to help businesses reach net zero and how to achieve net zero.

The British Chambers of Commerce and Lloyds Bank published a report setting out three key recommendations to help businesses reach net zero and how to achieve net zero.

Including that the government should review its support and advice to small and medium sized businesses (SMEs) on moving to net zero.

Large businesses and institutions must continue to drive behaviour change in their supply chains; and the government should demonstrate commitment and consistency in its net zero plans.

The recommendations are the result of a six-month in-depth survey of over 1,000 UK businesses (96% of which were SMEs) into the reasons firms are being held back from reaching net zero.

Key findings from the survey included:

> In general, there are very low levels of understanding among SMEs about how the 2050 net zero target may impact their organisation, with only 8% saying they comprehensively understood what the net zero target means for them and 30% saying they know some of the details.

> In addition, 49% were aware of the target but knew no details and 14% were not aware of the target at all.

> In terms of where they are in their net zero journeys, 6 % of SMEs were “non-starters”, 3 % were at an “early stage” and 9% were at a “later stage”.

> The main challenges for SMEs on their net zero journey include the costs of energy, the impact of inflation and government uncertainty, as well as lack of information, lack of demand from stakeholders and a lack of skilled staff.

How to Achieve Net Zero – The urgent need to combat climate change has propelled the concept of achieving net-zero emissions into the forefront of global discussions. Governments, organizations, and individuals are all called upon to take action, but one key player in this battle is businesses.  As we all try and work out how to achieve net zero.

With their substantial carbon footprints and economic influence, businesses can play a pivotal role in moving towards a more sustainable future. However, the question remains: can businesses realistically reach net-zero emissions?

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