The 2019 Climate Change Act commits the UK to ‘net zero’ by 2050, increasing the UK’s duty to a 100% cutback in emissions by 2050.
But what does it mean for businesses? What can SMEs do to ensure they are meeting targets?
There seems to be a lot of legislation and businesses are being given targets, but without any real means or support to achieve these. We are seeing changes in markets, technologies, and regulations that challenge the practicality of existing services or products, increase company costs, or affect asset values. What we are not currently seeing are tangible and practical solutions to the problem for SMEs, who want to lower their carbon footprint and participate in the sustainability drive but without any real guidance or means to do this.
The frustration is that companies understand the opportunities available to them – from enhancing resource productivity by improving energy efficiency, lowering expenses, promoting innovation, launching new products and services which allow for carbon reduction. Sustainable businesses do better, it’s a fact, not to mention the positive brand and reputational benefits, as well as the interest shown by investors. The benefits are apparent to all but accessing them will require ‘hands on’ support.
There is a range of different initiatives that work alongside businesses to support them in playing their role. The British Chamber of Commerce has launched its online sustainability hub, featuring Climate Change Central, Net Zero Hub and COP26, offering easy to digest information on the issues and clear action plans to navigate your way to the 2030 and 2050 targets. Here at the Bedfordshire Chamber of Commerce, on a regional level, we’ve partnered with Low Carbon Workspaces to help companies identify and fund projects to cut down their waste, energy, water, and fuel costs to improve resource efficiency in commercial premises. Companies could receive a grant of up to £5,000 to replace old, incompetent equipment. We want to work with local businesses to not simply talk through the issues and targets but actually help make things happen!
Bedfordshire Chamber of Commerce is a strategic partner, here to help offer advice and support in achieving sustainability targets for its members. We represent over 700 local businesses, from sole traders through to international organisations, in a variety of sectors. Why not join us and get the support you need? Visit: https://www.chamber-business.com/become-a-member-of-bedfordshire-chamber-of-commerce and complete the online form, or give us a call on 01582 522 448 and our friendly team will be more than happy to help. To discover how Low Carbon Workspace could support your company, call 01494 927131 or email firstname.lastname@example.org.