The IoD has called on the government to do more to inform and support businesses with efforts to achieve sustainability goals and reduce their carbon footprint.
A new, more ambitious target to cut the UK’s carbon emissions was recently set in law, and research suggests the vast majority of firms want to play their part in the battle against climate change. Indeed, in a survey of over 700 IoD members, 83% said it was important their organisation operates in an environmentally friendly and sustainable manner.
However, the study also found that only 24% of directors fully understand how their organisation can lower its carbon footprint and meet net zero carbon goals. In addition, 30% said the costs associated with doing so were prohibitive.
Commenting on the findings, IoD Senior Policy Advisor Joe Fitzsimons said, “As many businesses join the efforts to decrease their carbon footprint, it is vital they have access to the necessary resources and tools. An attainable long-term strategy including green investment incentives, improved access to relevant expertise, and funded reskilling in environmental best practices would be welcomed by businesses committed to navigating sustainability goals.”
All details are correct at the time of writing (11 May 2021).