What really is Net Zero?
Net zero is not defined in law nor is there a general consensus as to what this means. This makes it challenging for businesses as they cannot benchmark their business strategy to a common net zero standard. This is especially so when faced with the increasing pressure on businesses to transition to achieve net zero, and in setting their objectives and methodology in respect of tackling embodied and operational carbon.
This however also presents an opportunity for those that operate in this space i.e., developers, social housing associations, utility companies and SMEs, to name a few, to define “net zero”, often with support from advisors such as sustainability consultants and low carbon specialists.