Connect


Connections are crucial to the success of any business. Visit our latest news to keep up to date with the latest business news from across the region.

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Connect


Connections are crucial to the success of any business. Visit our latest news to keep up to date with the latest business news from across the region.

Connect. Support. Grow.
 
Support


Connections are crucial to the success of any business. Visit our latest news to keep up to date with the latest business news from across the region.

Connect. Support. Grow.
 
Training Services


Connections are crucial to the success of any business. Visit our latest news to keep up to date with the latest business news from across the region.

Connect. Support. Grow.
 

Sustainable Business: Net Zero 

Introduction:

The amount of greenhouse gasses (GHG) in the atmosphere is increasing global average temperatures, causing climate change. This increase is owing to human activity, which emits GHGs, the most prominent being carbon dioxide which remains in the atmosphere for up to 1000 years. This along with air pollution negatively impact economies and is estimated to cost the West Midlands around £2.5 billion annually. 

The UK Government has set a legally binding target for the economy to reach net zero carbon emissions by 2050. Net zero means achieving a balance between producing and removing Greenhouse Gas (GHG) emissions from the atmosphere.

The West Midlands Combined Authority (WMCA) has set a regional target of net zero by 2041. This will impact over 88,600 businesses across the West Midlands region as they will have to adapt activity to reach net zero. Climate change and the net zero transition present many opportunities and risks, including:

Opportunities
✔ Lower costs
✔ Increase efficiency
✔ Improved reputation
✔ New business opportunities
✔ Business resilience
✔ First-mover advantages 
Risks
❌Extreme weather (heatwaves, storms)
- Asset damages
- Supply chain disruption
- Resource shortages

❌Transitional changes
- Technology, market and regulation could increase costs, affect asset value and destabilise existing products and services

How businesses respond to these opportunities and risks will influence their future survival and profitability. The requirement for sustainable business has accelerated markedly over the last five years as a result of increased environmental concerns, increased consumer and supplier pressure, and environmental contract stipulations.


How will the Chamber support businesses?

The Sustainable Business Series 2021: Net Zero 

The aim of The Sustainable Business Series is to increase awareness of and stimulate action on achieving net zero targets. This will contain member and stakeholder knowledge, best practice and guidance.

The Series will begin in October and cover four key topics businesses should consider when adapting to the net zero transition: Energy, Transport, Circular Economy (Waste & Resources) and Sustainable Business Management.

The Series will have a variety of content contained in the themed weeks, namely: videos, podcasts, blogs and free digital webinars.

Policy Briefings

Our ‘Net Zero and the Business Community’ briefing paper details why net zero is important for businesses, the economic and commercial opportunities it presents, and legal and compliance obligations. It also highlights what businesses can start to do to prepare for the transition.

View Briefing Paper Here

Expression of Interest:

If your business would like to contribute to The Sustainable Business Series 2021: Net Zero content, please register your interest below.

Click Here