Adopting rainwater harvesting and waste reduction systems Implementing rainwater harvesting systems helps reduce water consumption, a significant aspect of sustainable operations. Additionally, investing in waste reduction strategies, such as recycling and composting systems funded by environmental grants, further supports a logistics company’s green initiatives.
Finance as an enabler to net zero transition ■ Access to fi nance: only 11% of smaller businesses have accessed external fi nance to support net zero actions so far, equating to approximately 700,000 businesses.
■ Future plans: about 22% are prepared to access external fi nance to support net zero actions in the next fi ve years, equating to around 1.3 million businesses.
So what options are available to those in the logistics sector looking to harness grants for sustainable operations?
Investing in renewable energy solutions Switching to renewable energy sources is a fundamental step towards decarbonisation. Logistics companies can utilise grants to install solar panels and wind energy systems at their facilities. T ese investments not only help reduce carbon emissions but also signifi cantly lower energy costs in the long run.
Upgrading to electric vehicle fl eets Transitioning from diesel to electric vehicles (EVs) is essential for reducing greenhouse gas emissions in logistics. Grants and special funding programmes are available to support the purchase of EVs and the installation of charging stations. T is shift not only helps companies hit their decarbonisation targets but also prepares them for future regulations favouring cleaner transportation options.
Implementing energy-effi cient warehouse technologies Modernising warehouses with energy-efficient technologies, such as LED lighting, automated HVAC systems, and energy management software, can drastically reduce energy use. Funding opportunities often cover these types of upgrades, enabling logistics companies to enhance their operations while minimising their environmental impact.
Final thoughts For UK logistics companies, meeting decarbonisation targets is not just about compliance but also about moving towards a sus- tainable future. Grants and funding provide a vital resource in this transition, off ering fi nancial support for a wide range of green ini- tiatives. By focusing on renewable energy, electric vehicles, energy effi ciency and waste reduction, logistics fi rms can signifi cantly advance their sustainability goals. To navigate the complexities of obtaining grants for
environmental projects, it’s advisable to work with a chartered accountant who specialises in green funding. T eir expertise can guide you through the application process, help optimise your fi nancial strategy for sustainability, and ultimately, assist in transforming your logistics operations into a model of environmental stewardship. All statistics referenced in this article are sourced from the British Business Bank.
For more information, contact Cottons Group on 01604 973983 or visit
www.cottonsgroup.com
Scan the QR code for more details on accessing funding
LOGISTICS & WAREHOUSING
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