The entrepreneurial, innovative and financial resources of UK businesses have a crucial role to play in turning the UK’s green ambitions into reality. That was the starting point for a unique collaboration, the EY UK Climate Business Forum (CBF), designed and hosted by EY. It brings together not only established business leaders (who are responsible for companies generating almost £100bn in revenue and employing over 300,000 people), but also young professionals, entrepreneurs and students destined to be future leaders.
Now, after several carefully targeted discussions, the forum has published a series of clear commitments and actions that can help every UK business to plot a practical path towards net-zero and, by doing so, support the UK Government’s Ten Point Plan for a Green Industrial Revolution. These cover everything from collaboration and transparency to technology investment and circularity, and from biodiversity to employee and consumer engagement.
The aim of the forum was to produce a list of simple but detailed commitments, that were reached through discussion around three main objectives:
- Turn the UK’s decarbonisation ambition for the Green Industrial Revolution into a clear set of actions that can be undertaken by UK businesses within the next 12 months.
- Encourage alignment between the public and private sector on the actions that need to take place.
- Create a multigenerational response to the global challenge posed by climate change ahead of the Climate Change Conference of the Parties (COP26).
More details are on their website.