Press Releases

NIA members amoung leading businesses urging UK Government to deliver clean, inclusive and resilient recovery plan

01 June 2020

Over 200 leading UK businesses, investors and business networks, including Lloyds Bank, Asda, Siemens, Aviva, Sky, Mitsubishi and Signify are calling on the Government to deliver a COVID-19 recovery plan that rebuilds the UK economy in a more inclusive, stronger and resilient way.

The signatories come from both multi-national and national businesses, across industry sectors, including energy, finance, consumer goods, retail, construction, water and communication.

Among these are NIA members: AECOM, Arup, BAM Nuttall, Capita, Costain, EDF Energy, ENGIE, Pinsent Masons, PwC and Veolia.

In an open letter, CEOs from across the economy have offered support to the Government in tackling the present health crisis, and urged Prime Minister Boris Johnson to provide a concrete plan for recovery efforts that align with the UK’s wider social, environmental and climate goals.

The letter, signed by 213 businesses, investors and business networks, mentions major economic and social concerns, including high risk of unemployment and rising regional inequality. It makes the case that the UK economy will be better prepared to deal with future shocks, such as those related to climate change, if a plan is laid out to address these concerns.

The letter states:

‘[…] The current crisis, in moving us all away from business-as-usual, has already created shifts in how we operate, and we believe we must use the recovery to accelerate the transition to net zero. Efforts to rescue and repair the economy in response to the current crisis can and should be aligned with the UK’s legislated target of net zero emissions by 2050 at the latest.’

Together they have called on the UK to deliver a clean, just recovery, that creates quality employment and builds a more sustainable, inclusive and resilient UK economy for the future with a plan that can:

Drive investment in low carbon innovation, infrastructure and industries, as well as improved resilience to future environmental risks;

Focus support on sectors and activities that can best support sustainable growth, increased job creation and accelerate both the recovery and the decarbonisation of the economy;

Include within financial support packages measures to ensure receiving businesses are well managed and their strategies are science based and aligned with national climate goals.

The signatories acknowledge the climate leadership of the UK and call for continued ambition to drive action towards next year’s COP26 summit and the G7, which will both be hosted in the UK.

Full letter and list of signatures here.