What is Net-Zero?
Net-zero carbon emission means reducing greenhouse gas emissions(GHG) to overall balance emissions produced and emissions removed from the atmosphere.
Targets passed by the governments for companies to reduce greenhouse gas emissions are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement.
Challenges Faced by UK Businesses
In line with the UK’s Net-Zero targets, large organisations must report their carbon emissions and decarbonise supply chains to meet these goals.
- Jaguar Land Rover aims for a net zero supply chain by 2039. Since April 2019, under the UK government’s Streamlined Energy and Carbon Reporting (SECR), around 11,900 organisations must report emissions to HMRC.
- Net-Zero standards like the SME Climate Hub are growing, in September 2021, suppliers bidding for contracts over £5 million must have committed to Net-zero by 2050 with a carbon reduction plan.
Businesses face 30% higher energy costs compared to large organisations, due to the perceived risk by energy providers and the electrification of heat and growth on the EV market. Electricity prices spiked more than 80 times in 2020, with projections of up to 900 spikes by 2033 (Cornwall Insight).
The current energy supply and brokerage model is not fit for a zero-carbon future, as it is based on making more profits by selling more energy with no incentive for energy reduction.
Q Energy Pathway to Net-Zero
Achieving Net-Zero not only improves a company’s reputation with customers, investors, and partners but is also essential for bidding on government contracts, which require a Net-Zero commitment by 2050.
At Q Energy, we work closely with customers to create customised carbon reduction plans based on energy usage and business travel. This includes improving energy efficiency, installing on-site renewables, electrifying heat, sourcing renewable energy directly, optimising usage during carbon-intensive periods, and transitioning to electric vehicles. We also offer full carbon assessments, monthly and annual reports with our market-leading Energy and Carbon Management System (ECMS), and external audits to track progress and ensure compliance with Net-Zero targets, providing businesses with a roadmap for sustainability and stakeholder transparency.
