quote
menu

Business energy: UK SMEs unprepared for low carbon future


A transition to a low carbon economy is now inevitable but a new study shows many UK businesses are unprepared for the inescapable implications. What can SMEs do to ready themselves?

UK business leaders are struggling to adapt to a low carbon economy, finds new research from Aston University, despite obligations to do so.

Low motivation is a major contributor to the failure to adapt, with the survey finding that nearly 80% of business leaders are just not that bothered about climate change and the transition to a low carbon economy: more than a third (38%) do not see it as a concern, while another 41% think it merely a minor concern.

More encouragingly, two thirds (66%) of business leaders believe their business has a responsibility to do something about climate change and support the transition to a low carbon economy. But few have taken action: only 7% have adapted their corporate strategy and future business plans to accommodate the issue. A further 16% have plans to make significant changes, while 32% say their business is not adapting its plans at all.

Professor Dame Julia King, Vice-Chancellor of Aston University, said, “Climate change is perhaps the biggest challenge facing the world today [but] at present businesses are not necessarily prepared and equipped to respond to the challenge.”

Climate change mitigation

How can SMEs actually engage with the coming low carbon economy? Surprisingly, Aston suggested hiring students could be best way to embed knowledge of climate change. However, the survey again uncovered apathy in this area: 59% of businesses say they do not require new recruits to have any knowledge or understanding of the subject.

That could be shortsighted, as Ben Wielgus, Associate Director of  Sustainability Services at KPMG, pointed out: “I believe that these [climate change] megaforces are undoubtedly going to change the way business and society works and the most successful companies will hire the best graduates who understand and can adapt to this changing agenda.”

As an added bonus, salaries for these generally younger employees can be very competitive, especially if they are initially taken on as an apprentice (see our guide to apprenticeship for SMEs here).

Coming from the other direction, awareness of climate change issues can be helpful in attracting the young workers best placed to address the challenges of climate change: 19% of students say it is important that any future employer takes the low carbon economy seriousl (see our guide to recruiting for SMEs).

Compare business electricity

A practical but straightforward way to move into the low carbon future is getting your business electricity from low carbon, renewable sources. Perceptions of green business energy as expensive are outdated. With the UK now getting a substantial proportion of its business electricity from renewable generation, green business energy prices can be very competitive if you shop around.

If you don’t have time to compare business electricity suppliers yourself, the no-obligation business electricity comparisons that our SME experts offer can include a variable amount of green energy.

Just 20 minutes is enough for us to give you a free business electricity comparison and switch you to a new supplier so give us a call on 0330 0100 251 (or request a call back using our form) now.

Our dedicated page has lots more information about business electricity.

 

Related Articles

DCP228 and Business Electricity

What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...

Read More
energy news

DCP 161 – Excess Capacity Charges

If your business uses a Half Hourly (HH) meter for its energy supply, make sure you’re ready for DCP 161...

Read More
Scottish Power logo

Total Gas & Power

Total Gas & Power is a business energy supplier, wholly owned by Total SA. It has been a leading business ...

Read More
Excellent, 9.8 / 10

Very efficient

"Very efficient"

This review was posted by Eddie Stableford on the 19th of July 2018

Lorraine Carey is pleaseant

"Lorraine Carey is pleaseant, helpful and effcient. Great service, thanks."

This review was posted by sireeve on the 19th of July 2018

Great

"Great, honest advice from Mark Weeks!"

This review was posted by Jo Prosser on the 18th of July 2018

Very helpful and courteous

"Very helpful and courteous. Many thanks."

This review was posted by Sarah Symondson on the 17th of July 2018

excellent service for charity user

"Have used this broker for several years and always impressed by personal professional advice and practical help from Rebecca"

This review was posted by JB North Wales on the 17th of July 2018