Largest ever UK industry study of 2,005 UK organisations reveals 65% of respondents are targeting net zero by 2050, with 48% setting targets within the next decade.
The 2024 UK Net Zero Business Census was released on Wednesday, September 11, 2024, by UK Business Climate Hub, in partnership with Planet Mark. Climate Action is one of the census partners, alongside more than 50 of the largest business associations, banks and corporates, including CBI, Make UK, Institute of Directors and the British Chambers of Commerce.
It reports 2,005 organisations across all sizes and sectors and finds net zero is recognised as essential, but high costs, policy uncertainty, and skills gaps are leaving many unsure about the path ahead.
The results explore the current priorities, plans, barriers, opportunities and actions to decarbonise being used by organisations on their journey to net zero.
With 73% of respondents reporting that net zero is a strategic priority in the next 12 months, the census provides recommendations for policymakers, organisations, industry bodies and researchers to help propel the UK economy towards its legal requirement of reaching net zero by 2050.
To support this commitment, 65% of respondents had set targets to reach net zero by 2050, with 48% aiming to achieve net zero within the next decade, before 2035.
Ed Lockhart, Convener of Broadway Initiative, who manage UK Business Climate Hub, said: “The leadership shown by many UK organisations in the census is deeply inspiring, helping accelerate our collective progress towards a more sustainable future. Despite these significant strides, substantial challenges remain, particularly for small and medium size enterprises who often lack the same access to resources available to larger organisations.
“To address these disparities and drive collective action for all, we recognise the need for greater partnership between government and business to develop sector-specific decarbonisation pathways and guidance, as well as enhanced financial mechanisms and expanding trusted information resources like the UK Business Climate Hub. Such measures are crucial for ensuring a smooth and effective transition towards a net zero economy.”
Andrew Griffiths, Director of Policy & Corporate Development at Planet Mark, said: “With 73% of respondents saying net zero is a priority for their business strategy within the next 12 months, UK businesses have made their intent clear. At Planet Mark we see this every day through our 800+ Member organisations who we support to measure and reduce their carbon emissions annually, so seeing this commitment reflected nationally is extremely positive.
“The findings also send a clear message that targeted support, and a stable policy environment is critical for them to implement effective net zero strategies, which the Labour government have a unique opportunity to deliver. We look forward to continuing to collaborate with UKBCH to make net zero accessible to all organisations.”
