INSE and today's climate change report9 Aug 2021 16:23
Today's report on climate change from the Intergovernmental Panel on Climate Change’s (IPCC) Working Group is the lead item on the news everywhere.
INSE have just posted a follow-up item as to their clients' needs and expectations for net zero, including these extracts:
Https://inspiredenergy.co.uk/temperature-check-on-uk-businesses-approach-to-net-zero/
"At Inspired Energy, although we are seeing momentum in public net zero pledges from UK businesses, our sponsored research ‘Net-Zero Business Barometer’, published by edie, revealed that of the 161 respondents, just under half – 45% – claimed their organisation is yet to set a net zero target, with the remaining 3% unsure if one has been set.
We also found there was a very low-level of understanding surrounding Scope 3 emissions and the role they play in an organisation’s carbon footprint (typically they make up around 80%+), as less than a quarter of the respondents asserted to be working with their value chain to tackle their Scope 3 emissions. We’ve no doubt that the concept of Scope 3 will gain traction with the introduction of the Task Force on Climate-Related Financial Disclosures (TCFD) obligations coming down the line.
However, it was very encouraging to see a large number of respondents now have budgets allocated to decarbonisation, with a quarter of respondents controlling a budget of £500k+. Interestingly, about half of respondents hadn’t set a net zero target even though they had a budget for decarbonisation. Inspired Energy has seen an uptick in interest in funded options, so where there is a desire to do more but there is a lack of budget available, we can discuss your funding options for low or zero carbon technology projects.
From this piece, Inspired Energy’s Director: Optimisation Services, Ben Rouncefield-Swales commented “This research gives some real insight into the current net zero landscape amongst UK businesses. The data is encouraging, with some genuine reasons to celebrate – given the increasing awareness and growing action – but there is certainly a lot more work to do.
When developing a net zero strategy, businesses who want to drive real change will need to think carefully about target-setting – and we would strongly encourage that you use a Science Based Target (SBT) – a target that is aligned with the goals of the Paris Agreement. A net zero strategy that follows an SBT is the best way to demonstrate that your organisation is contributing to global emissions reductions in a robust way.
With our Carbon Action Programme, you can access specialist support at every step of your decarbonisation journey. Our team will work with you to create a bespoke decarbonisation strategy for your business and provide you with business cases for all of the options you will need to meet your target. To discuss what net zero means for your business and where to begin, contact us today on 01772 689 250 or email hello@inspiredenergy.co.uk."
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