What is Net Zero?
The principle of Net Zero is that a business, economy, or even a household does not add any more greenhouse gases than it takes out. This article covers how your company can contribute to Net Zero for UK Businesses and the benefits it affords.
Achieving Net Zero ensures stopping global warming and the catastrophic effects this is having and will have in the future on our planet.
Is Net Zero Offsetting?
Carbon Neutral offsetting is slightly different from Net Zero – as carbon neutral is offsetting carbon emissions. Offsetting is not stopping contributing, it’s trying to achieve a balance while still adding to pollution.
Only with Net Zero will global warming and the other effects of pollution be stopped.
What is the UK Governments Commitment to Net Zero?
The UK Government has committed to securing 440k jobs and enabling £90 billion in investment by 2030 – through the Net Zero strategy which aims for the UK to be completely Net Zero by 2050.
This paper covers all specific areas in the UK that the government has identified as able to contribute to Net Zero and how they will support these.
Net Zero for UK Businesses Benefits
To achieve Net Zero by 2050, it is key that UK Businesses are engaged and understand Net Zero. Specifically, SME businesses that account for 99% of UK trade.
Aside from being a good corporate citizen and helping stop the continued degradation of the planet, the UK Government believes that businesses would benefit from Net Zero by:
- Lower running costs and mitigating against future energy price increases.
- Growing businesses through competitive advantage including being in a better position for supply chain or general tendering procurement.
- Future-proofing your business – less reliance on the grid leading to better resilience and BCP improvements.
- Saving money and being more attractive to investors and partners.
- Qualifying for better tax benefits and incentives, for example, super deduction capital allowance on green assets of up to 130%.
UK Business Funding for Net Zero
Almost £5 billion of funding is available to help UK businesses as part of the government’s commitment to reach Net Zero emissions by 2050. More information here.
Any business can join the UK Business Climate Hub which provides practical information on how to achieve Net Zero.
Steps Your Business Can Take to assist with Net Zero
- Introduce a cycle to work scheme
- Insulate your buildings
- Minimise the waste from your products and packaging
- Switch to LED bulbs
- Adjust heating and cooling system timings, temperatures and rooms
- Install a smart meter
- Check your supply chain has suitabel sustainability goals and policies in place
- Electrify your vehicle fleet
- Install your own renewable electricity or heating
- Offset the carbon you can’t reduce
Net Zero for UK Businesses Documentation
All businesses should detail their goals, policies, and contributions to sustainability, Net Zero and offsetting with yearly reviews.
We recommend starting with a sustainability and social value policy alongside a CSR policy to introduce your staff to environmental protection through business.
If you are looking for a professional policy and procedure writing service, we recommend Policy Pros.