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Businesses wanting to decarbonise should first understand their GHG footprints. Please look to Net Zero Carbon guides and insights to learn more about how businesses can footprint their climate impacts.
Net zero greenhouse gas emissions is a goal the UK government has set the country for 2050. It is not a direct legal requirement for companies at present. However, it is expected that the UK government will introduce future legislation to make reaching net zero possible. Whatever that legislation looks like, the compliance costs for companies unprepared for it will be significant. It is important for companies to prepare for a net zero future today.
Reducing GHG emissions protects the climate and communities. However, it also has benefits for business. Business can expect the following from their own decarbonisation:
1. Increased innovation
2. Mitigated regulatory risk
3. Greater investor confidence and reputational benefits
4. Greater profitability and competitiveness in a future where resources are more scarce