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UK SMES ARE UNCLEAR HOW TO REACH NET ZERO DESPITE BIG BUSINESSES MAKING PROGRESS
Almost six in 10 SMEs ( 59 %) are unclear on what is required , and do not feel ready , to reach net zero despite large businesses making progress on sustainability goals , says a new study .
The UK has a net zero knowledge gap which must be closed if it is to meet its 2050 net zero pledges . The majority ( 99 %) of the UK business community is made up of SMEs yet almost two-thirds ( 63 %) do not have a climate impact reduction plan in place , according to research commissioned by myCSO .
The report into the understanding of sustainability and the progress of SMEs on their net zero journeys was commissioned by Rimm Sustainability , a global B2B sustainability solutions provider , to launch its new online tool , myCSO .
myCSO Starter – a completely free tool – is designed to help companies begin their journey , with AIgenerated materiality maps , basic assessments and a simple performance dashboard . This membership allows companies to begin to understand what types of data are important to collect and how to start thinking about their sustainability initiatives .
myCSO Essential gives an organisation the ability to produce its first sustainability report . Features such as a carbon calculator let businesses easily calculate emissions , create auto-configured assessments aligned to international standards and produce an auto-generated sustainability report .
The Founder of Rimm , Ravi Chidambaram , realised the need for a tool to help SMEs unable to take on a full-time Chief Sustainability Officer and is determined to help companies around the world reach their net zero goals .
Ravi Chidambaram , Chief Executive Officer and Founder of Rimm Sustainability , said : “ Without significant change , the UK and the rest of the world will not meet net zero targets . We cannot afford for this to happen and we have a collective responsibility to change our fortunes while there is still time . To make starting and understanding sustainability , ESG
WITHOUT SIGNIFICANT CHANGE , THE UK AND THE REST OF THE WORLD WILL NOT MEET NET ZERO TARGETS .
and the road to net zero easier we have created a single platform which small businesses can use in the place of a Chief Sustainability Officer .
“ We have worked extensively with sustainability teams at large and small companies all over the world to create a comprehensive suite of tools that will support businesses in all industries measure , benchmark and move towards a sustainable future . We have considered everything from functionality , simplicity , productivity and cost when putting the platform together and we believe that myCSO can make a genuine and immediate impact on the sustainability efforts of the UK ’ s 5.5 million SMEs .” �
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