Tech Zero taskforce – What is it and how does it work?
Increasing climate concerns has forced all sectors to revisit their sustainability targets, particularly as the UK’s 2050 net zero targets grow closer. The technology industry has done just that and established a collective plan. The Tech Zero taskforce aims to be the world’s largest collection of companies that are committed to climate action.
The sector is now opening its eyes to its carbon footprint and has committed to finding the most effective ways to reduce it. And while every sector is grappling with sustainable legislation, the industry has decided that combining efforts will result in faster progress.
We take a look at the ins and outs of the Tech Zero taskforce, as well as the impact it will have on businesses across the country.
The taskforce
The taskforce was established ahead of the COP26 UN Climate Change Conference, which will be held in Glasgow this November. The taskforce will demonstrate industry support for climate change and in turn encourage other establishments to follow suit.
When first launched, the taskforce had 16 founding businesses. These included telecoms company Vodafone, Fintech brands Revolut and Starling Bank, and renewable energy provider Bulb. Between them, the founding businesses have harness technology to find innovative ways of transforming energy, healthcare, and food waste issues to name a few. It has since gained the support of over 100 businesses. They aim to get 1,000 companies to commit to sustainability targets before COP26.
The taskforce will also produce a net zero toolkit to help businesses cut out the jargon and create a simple route to sustainability.
How it works
When companies join the taskforce, they must pledge to complete several climate commitments. This includes setting ambitious net zero targets, as well as short and medium-term plans that align with current climate science.
Large companies are expected to set science-based targets, as well as measuring and reporting on emissions regularly. While smaller businesses (less than 250 employees) must commit to halving their emissions by 2030. This is in line with the SME Climate Commitment, an initiative helping SMEs to comply with green regulations.
The founding companies pledged that the taskforce would help customers worldwide to reduce their carbon emissions. Combined, this is around 100 million customers. By encouraging these greater levels of action, the taskforce could significantly impact carbon emissions levels within the industry. Which in turn will allow it to stay competitive and ahead of the curve.
Where does t-mac come in?
Understanding your consumption is the first step in becoming energy efficient. And while renewable power sources are vital in becoming sustainable, so are implementations of energy saving solutions.
t-mac’s energy management solutions help businesses to remotely manage and reduce energy consumption and costs across a multi-site portfolio. We are also proud to have products listed on The Energy Technology List (ETL), a government list of energy saving products used by businesses. Investing in ETL products allows businesses to lower costs while also becoming more environmentally conscious.
Our smart IoT metering and controls systems provide businesses with bespoke services, tailored to their needs. Helping businesses to save energy, cost and carbon.
Get in touch today to hear more about our innovative services that can help your business to become more energy efficient.