The last few years have highlighted the importance of reducing our environmental burden - especially carbon emissions - and has also highlighted the major challenges. The transition away from carbon intensive energy, materials and production processes will reshape the world economy. This is being driven by legislation and regulations that internalise the cost of carbon such as the UK & EU Emissions Trading Schemes and the Carbon Border Adjustment Mechanisms (CBAM); and pressure from clients and customers demanding that businesses demonstrate how they are doing their part. These factors are creating significant risks, and potential opportunities to businesses as they navigate the new economy.

For businesses this means mapping out their route to Net Zero; putting in place the practices that embed carbon and sustainability at the heart of their organisations; and rethinking their services, products, packaging and supply chains to reduce their impact on the environment.