Phone: 01242 260066 | Email

Businesses still struggling to understand net zero target

30 Nov 2023

Almost half of UK small and medium-sized enterprises (SMEs) don't know any details about the government's net zero target, according to research carried out by the British Chambers of Commerce (BCC).

The BCC found that 7% are not aware of the UK government's target at all, while 33% are aware but don't know any details. Last year 13% were not aware, and 48% had no details.

There is also business uncertainty about the impact of the UK's net zero policy changes announced in September. Around a quarter say the postponement of various targets will have a negative impact on their firm, while a third say the postponement will have a positive effect on their business.

In addition, a quarter of firms report some form of exposure to severe weather events.

Shevaun Haviland, Director General of the BCC, said: 'Our research should be a huge reality check to politicians.

'There is a huge challenge ahead to raise awareness in the business community about the UK's 2050 net zero target. Many firms are simply unaware of it or have only a cursory understanding.

'Business must be at the heart of tackling climate change. The Chamber network is working hard every day to improve understanding among our members, but companies need clear leadership from politicians.'

Try a site search Tax returns, budget, pension, rates and allowances...

Contact details

Office: 01242 260066

Company Registration No: 4161638
Company Registered in England and Wales.
Company details
Mitchell Glanville Limited
Registered Address: 41 Rodney Road, Cheltenham, Gloucestershire GL50 1HX

Mitchell Glanville Limited regulated by the Institute of Chartered Accountants in England and Wales If, during the provision of professional services to you, you need advice on investments, we may have to refer you to someone who is authorised by the Financial Conduct Authority, as we are not. However, as we are licensed by the Institute of Chartered Accountants in England and Wales, we may be able to provide certain investment services where these are complementary to or arise out of the professional services we are already providing to you.

© 2024 Mitchells Chartered Accountants. All rights reserved. We use cookies on this website, you can find more information about cookies here.