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- 73% of UK businesses rank net zero as a priority, but many struggle with financial and resource challenges.
- 57% have emission reduction plans, while 29% intend to create one within the next year.
- High costs and policy uncertainty are major barriers, with 59% citing financial limitations.
The 2024 UK Net Zero Business Census sheds light on the nation’s progress toward reducing carbon emissions. The study, which is the largest of its kind, surveyed over 2,000 businesses, revealing that 73% of respondents prioritize net zero in their strategy for the coming year. However, despite this commitment, many companies face significant challenges.
“Net zero is not just about meeting targets, it’s about reshaping business strategy for long-term resilience,” says Andrew Griffiths, Director of Policy at Planet Mark.
Financial Struggles and Policy Gaps
High costs were reported as a key challenge by 59% of businesses, indicating that while the ambition exists, the financial capacity to act is limited. Additionally, 50% of respondents cited policy uncertainty as a barrier, with businesses calling for clearer guidelines and more government support.
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“The findings highlight the need for tailored financial mechanisms and regulatory clarity to accelerate business decarbonization,” says Ed Lockhart, Convener of the Broadway Initiative.
The report underscores that financial support and collaboration are essential to helping UK businesses overcome these barriers and achieve their carbon reduction goals by 2050.