Skip to content
Northern Powerhouse European Union
Sustainability

Net zero a priority for 4 in 5 start-ups

New research shows that entrepreneurs in the UK are overwhelmingly passionate about their climate impact, demonstrating the speed at which net zero is becoming central to the future of business.


New research shows that entrepreneurs in the UK are overwhelmingly passionate about their climate impact, demonstrating the speed at which net zero is becoming central to the future of business.

According to a survey of 279 start-ups supported by Innovate UK, the UK’s innovation agency, 72 per cent of early-stage companies are working to achieve ‘carbon neutral’, with a further 8 per cent having already achieved the goal.

The number one action cited by respondents was to innovate around a solution which combats climate change (38 per cent), followed by encouraging sustainability in their supply chain (24 per cent) and reducing emissions from their direct operations (17 per cent).

When asked about the areas most in need of sustainable innovation, 30 per cent said renewable energy infrastructure, following by recycling, waste management and sustainable materials (29 per cent).

Aligning profitability and sustainability

Commenting on the findings, Jonny Voon, head of the Sustainable Innovation Fund at Innovate UK, said: “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."

According to separate research recently published by PwC, the UK has more ‘climate tech’ start-ups that have received venture capital funding than any other country outside the US and China.

Share this post