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Building back a strong net zero UK economy

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How businesses can take leadership for a clean, green recovery:

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Investing in low carbon solutions that create new jobs

Companies should prioritise investment in available solutions like the retrofitting of buildings, deployment of renewable energies or in achieving mass production and economies of scale in technologies that can decarbonise industry. This will support the creation of new jobs now while reducing the risk of climate change.

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Using science-based approaches to align company strategy with climate goals

Companies can help advance the UK’s wider goals by setting science-based targets consistent with limiting global average temperature increase to 1.5°C and reaching net zero emissions by no later than 2050. Understanding and integrating science into decision-making is the best way to protect against future shocks.

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Integrating risk into company disclosure to increase future business resilience

Consistently screening for risk in company investments and strategy will ensure future investment decisions mitigate climate change, avoid stranded assets and prevent future risks. This should be undertaken in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

 


How are businesses leading a green recovery? Read the case studies here.