British Businesses Reevaluate Net Zero Amidst Growth Concerns

A survey conducted by the British Standards Institution (BSI) has highlighted a significant shift in how British business leaders view the government's commitment to achieving net-zero emissions. The survey of 1,000 executives from various sectors found that the confidence in the synergy between economic growth and climate goals is dwindling.

According to the survey, a substantial portion of businesses in health, construction, finance, and manufacturing are scaling back climate-related initiatives. This change of heart comes in light of concerns over high costs and diminishing faith in the UK's climate agenda, despite the Labour government's commitments to green growth and investment in clean energy.

Scott Steedman of the BSI commented on this pause in corporate climate action as likely tied to policy changes in the UK and international backpedaling. Although there's a marked decline in companies setting and achieving net-zero targets, a majority express willingness to continue efforts if supported adequately.

(With inputs from agencies.)