From Now to Net Zero: A Practical Guide for SMEs

To avoid the worst impacts of climate change businesses across the UK are expected to make significant changes in order to achieve Net Zero by 2050. 

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Supporting your business on the journey

To deepen our understanding of how we can best support you on your journey to Net Zero, we’ve surveyed more than 1,000 SME businesses, undertaken in-depth interviews and focus groups with expert commentary, and held follow-up conversations with our customers about where they are on their journey, and what Net Zero means for them.

Getting to Net Zero

This report finds that businesses recognise the importance of sustainability, but they face many hurdles when it comes to putting sustainable initiatives in place.

Challenges in achieving Net Zero vary by sector but our research found three consistent barriers:

  • Financial barriers to finding the capital to invest in sustainability initiatives and uncertainty about whether such investment would deliver real returns.
  • Limited control. How can they act to reduce emissions outside their own direct operations – for example in supply chains?
  • Assessing their environmental impact - difficult and complex.

Furthermore, nearly half of businesses surveyed said they do not know what achieving Net Zero means for their business. 

Achieving Net Zero offers opportunities for investment, innovation, job creation and earnings. Two-thirds of SMEs view the move to a greener economy, not just as a challenge to be met, but as a positive opportunity for growth.

To support your understanding of what sustainability means for your business and how you can adapt your strategy to become more sustainable, check out the tools and resources available within this report (PDF, 4.89MB).

From insight to action

Recognising the importance of achieving a Net Zero target, we’ve used the findings from our research to create a five-step guide to support your business on your journey:

  1. Getting Started
  2. Engagement and Action Today
  3. Measure, Mobilise, Monitor
  4. Navigating the Road Ahead
  5. Heroes of Net Zero

Wherever you are on the journey, you can use the links within the guide to find ideas and support. If you are a Lloyds Bank customer please speak to your Relationship Manager for more information. 

Sustainability hub

Supporting UK businesses transition to low-carbon, sustainable business models and operations to pursue new clean growth opportunities. 

Visit our Sustainability HubSustainable business

Clean Growth Financing Initiative

Access discounted lending for green purposes from small improvements to large-scale infrastructure.

Find out about CGFIClean Growth Financing Initiative

Clean Growth Audit Guide

Identify opportunities for making your business more sustainable with our Clean Growth Sustainability Audit Guide.

Download the Guide(PDF, 1.89MB)PDF opens in new window

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Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.

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While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.