In 2019 the UK Parliament passed legislation that committed the country to reduce its net emissions by 100 per cent by 2050. The UK was the first major economy to commit to net zero emissions, kickstarting a global sustainability effort.
The target involves every UK business, no matter how big or small, committing to change. This is a huge task for UK business, government and wider communities. Businesses are all at different stages with this process, some had adopted sustainable practices before the announcement, and some are yet to make any changes.
To find out how UK businesses are managing the transition to net zero BSI has published the ‘Net Zero Barometer’ report. Through a survey of 1,000 senior decision makers across a range of industries in all parts of the UK, we discovered how advanced their plans are to achieving the 2050 target, as well as the challenges they are facing.
Key takeaways from the report are:
- While knowledge of the concept of net zero is growing, understanding of its implications for individual businesses is poor - 64 per cent of those we surveyed were not confident they fully understood the implications for their firm.
- There is a genuine desire to achieve net zero targets, with 7 out of 10 businesses confirming that their organizations have made or are considering making a commitment to net zero.
- The vast majority (82 per cent) require more guidance if they are to achieve the target.
- Energy reduction is the most frequent measure put in place by firms to achieve net zero, with 48 per cent of respondents citing it as a key measurement.
The report reveals that if businesses continue at their current rate of progress, it is likely they will fall short of achieving the government’s 2050 net zero target. Download the ‘Net Zero Barometer’ report to read the full findings.
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