GREEN INNOVATION HUB
Supporting business to reach Net Zero
Now is the time for businesses across the UK and around the world to develop a clear action plan and help reach net zero by 2050.
Our UK research shows that fewer than one in 10 SMEs (8%) fully understand what the Net Zero target means for them. Despite this most SMEs (79%) are taking action to reduce their carbon footprint and increase their efficiency. However, there is a huge divide on progress between smaller businesses, operating on tight margins, and larger SMEs with more resources.
We know that the biggest barriers for SMEs are cost, confusion, and a lack of skills, while larger firms are looking for clear and consistent price signals to unlock investment and quicker permissions on new low-carbon infrastructure.