Net zero is a priority for four fifths of UK startups
by Startacus Admin
New research from Innovate UK reveals majority of startups are passionate about their climate impact and have clear desire to achieve net zero.
Net zero is a priority for four fifths (80%) of start-ups, with 72% working to achieve carbon neutrality and 8% already carbon neutral or negative according to new research from Innovate UK, the UK’s innovation agency.
Innovate UK found that while start-ups are passionate about their climate impact, they are divided over whether it should be a priority over business growth. Nearly half (45%) of start-ups believe they should balance growth and sustainability, versus four in 10 (42%) believe growth is more important, but start-ups should try to be sustainable in their activities where possible.
Start-ups believe that the number one thing a company can do to reduce its carbon footprint is to innovate around a solution which combats climate change (38%), followed by encouraging sustainability in its supply chain (24%) and reducing emissions from its operations (17%). Just 15% of start-ups suggested that restricting business travel by choosing online meetings was most important.
Start-ups view renewable energy infrastructure (30%) as the most important innovation to long-term sustainability. This is closely followed by recycling, waste management and sustainable materials (29%). Only 8% of start-ups cited renewable and energy efficient transport, such as electric vehicles, as the most important area for sustainable innovation.
.png)
Jonny Voon, Head of the Sustainable Innovation Fund at Innovate UK, says: “Pioneering entrepreneurs are unsurprisingly future-focused, and recognise the need to balance growth and sustainability.
“It’s incredibly promising to find that so many early-stage companies recognise the need to achieve net zero in their operations and are passionate about innovating towards climate change solutions. They serve as an important reminder that profitability and sustainability are increasingly closely aligned and through innovation we can achieve both.”
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read...
 Daniel Dierkes, David Schara, and Maximilian Geißinger 2.jpeg)
Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives.
.jpg)
Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students.
SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future
A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated
Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
Published on: 15th March 2022
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
