3.1.1  Policy enablers for business growth and decarbonisation

451.  Businesses need bespoke support to breach the tipping point of barriers to growth and decarbonisation. Policy enablers of business growth and decarbonisation allow businesses big and small to meet their net zero targets and directly financially benefit from the transition.

452.  Businesses want to grow and decarbonise. The Review has encountered hundreds of businesses who want to support the UK's journey to net zero, regardless of whether they are in a green sector.

453.  Globally, we are seeing a huge uptick in major corporations pledging to reach net zero.

Figure 3.1 - Climate commitments of top 20 corporations325

454. Bold business leadership supports bold policy action. The right policy action can in turn accelerate further business action and trigger the 'ambition loop' for businesses big and small.326 Evidence submitted to the Review has demonstrated that the UK Government can act to enable economic growth from net zero - with clear opportunities and challenges emerging, particularly around existing business tax incentives, building a skilled workforce fit for the transition, greater business resilience via energy efficient buildings and by providing direct support to SMEs.