Future of Energy

Net zero: what do businesses really think?

Posted on 22 September 2020
By Ben Spry
Ben Spry
Head of Flexibility Services

Ben manages the operational delivery of our risk management services, including the award-winning Optimisation Desk and its new suite of Demand Side Response products.

For a term that’s a relative newcomer to our everyday business language, net zero has gained a lot of traction in a short time.

A Google search, for example, brings up 1.47 billion results. And businesses of all sizes are feeling under pressure to have an official stance regarding their commitment to net zero.

Certainly, we hear from customers everyday asking for help with defining or delivering a net zero strategy. But what do businesses really think?

With concerns about recovering from the Covid-induced shutdown in many areas of the economy – and uncertainty regarding Brexit implications – you’d think many would be focused on more immediate issues right now.

So it’s been a pleasant surprise to discover plenty of optimism and engagement around the UK’s 2050 net zero goal.

Research we conducted among almost 100 businesses from a range of sectors for our Your Business Blueprint – The road to Net Zero report, found that the majority (75%) believe that achieving net zero emissions by 2050 is a realistic target.

And when asked about their own position, 64% said they had a clear plan to hit net zero emissions ahead of 2050.

However, the businesses we spoke to aren’t so confident about there being a clear national plan, with only a third (37%) confident that the government will develop a realistic roadmap to achieve net zero emissions by 2050.

There are also concerns about funding, with 46% worried about the potential economic impact on their organisation of delivering net zero.

And there is quite a bit of disparity between who should foot the bill, with energy-intensive users and government being the most popular choices.

You can read more about these and other findings in our Your Business Blueprint – The road to Net Zero report.

The main content also looks at:

  • Achieving the net zero ambition
  • Funding net zero: what support is needed?
  • How businesses benefit from net zero
  • The road to net zero: five actions businesses can take now
  • Market insight analysis

 

As well as the main core report, there are also sector-specific versions that look in more detail at how businesses in the retail, manufacturing, professional services, public sector and transport/logistics industries are approaching net zero.

You can access all of these reports via our Energy HQ portal.

In the meantime, if you’d like to know more about how your business can approach net zero, or the help and support we can offer, please get in touch via nBS@npower.com. Or contact your Client Lead if you’re an existing customer.

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