COP26: What’s next for your business?
COP26 and What It Means for UK Businesses
The UK Government made multiple pledges at COP26. Whether these are fulfilled or not, the good news is clear: businesses across the UK are committed to reducing carbon emissions and reaching their low-carbon targets.
Business and Industry Minister Lee Rowley said:
“The UK is leading the way in showing how going green doesn’t just make sense for the planet – it makes business sense too.”
With listed companies legally required to publish net zero plans by next year, there has never been a better time to get ahead of competitors and impress customers with your sustainable actions.
What COP26 Means for UK Businesses
The UK government now requests that most large companies release detailed public plans outlining how they will meet climate change targets set at COP26.
More than half of FTSE100 companies have committed to eliminating their contribution to climate change by 2050. This effort aims to keep global temperatures within 1.5°C of pre-industrial levels.
Although COP26 focused on larger companies, this will affect suppliers and smaller business partners. Consumers are increasingly choosing companies that can demonstrate sustainable practices.
Net Zero Plans Can Help Your Business Grow
SMEs account for almost 50% of UK business emissions, but they face unique challenges in reducing carbon output. Around 35% of small businesses report that costs limit their ability to cut emissions.
The good news? Reducing emissions may have upfront costs, but it often saves money over time and future-proofs your business.
Taking action against climate change can:
Reduce utility and travel costs
Save on wasted materials
Create new jobs
Attract investment
Maintain a local competitive advantage
Initiatives to Get Started
Race to Zero: The government encourages businesses to join the UN Race to Zero. Nearly 3,000 UK businesses have signed up, more than half of the global total. Participants outline how they will reduce emissions and achieve net zero.
Together for Our Planet: Launched by the Prime Minister, this initiative helps small businesses cut emissions by 50% by 2030 and reach net zero by 2050 (or sooner). Businesses also gain access to resources, advice, and opportunities for growth via the UK Business Climate Hub.
How to Begin Your Net Zero Journey
Every business can take steps to reduce emissions, including:
Installing energy-saving light bulbs
Switching to electric vehicles
Using eco-friendly packaging
Working with sustainable suppliers
Insulating buildings
Monitoring energy and water usage
Installing renewable electricity or heating
Partnering with a reputable waste management company
COP26 pledges may seem overwhelming, but working towards net zero offers tangible benefits for both the planet and your business.
Every UK business has a role to play. What does yours look like?
