Fresh promises of a “Green Industrial Revolution” will undoubtedly get more airtime in the run up to local and general elections in 2024.
With Yorkshire being a key driver of the original Industrial Revolution, such talk has more resonance here than in many regions. Sustainability is not just about the ‘Environmental’ leg of ‘ESG’ , but most people’s minds go there first. It’s understandable because there is serious activity in Yorkshire in this space, presenting significant opportunities for economic growth.
For example, we see many businesses with “net zero” targets who are well below any regulatory threshold to have such a target – often this is driven by key customers demanding such a target is set. Other stakeholders impacting decision-making include banks, owners, investors, pension funds and employees . Such influence is changing traditional cost-benefit analyses and causing many small and medium-sized businesses to reevaluate their investment plans.
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