British Business Bank Launches New Sustainability Report

The British Business Bank have launched a new report titled Smaller businesses and the transition to net zero, which highlights the potential collective influence of UK smaller businesses and the considerable contribution they could make to wider net zero objectives through changes to reduce their carbon footprint.

Using analysis from a new nationally representative survey of 1,200 smaller businesses and other Bank research activities during summer 2021, the report provides a snapshot of progress made by smaller businesses so far in their transition to net zero, while also looking ahead at how far is left to go. It examines the actions smaller businesses have taken already to reduce their greenhouse gas emissions, as well as ones planned and considered. In addition, it explores the barriers to and enablers of further action, and smaller businesses’ approaches to financing actions so far and in the future.

Based on the estimates of the British Business Bank, smaller businesses account for almost a third (30%) of all current UK greenhouse gas emissions (including emissions from households, industry and government) and around half (50%) of total emissions from UK businesses.

The report, one of the most in-depth so far in this under-explored part of the market, incorporates results from fresh data via a bespoke, nationally representative survey of 1,200 smaller businesses, and analysis of public data sources.

Read the full report.