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The risks of climate change are clear and the UK has committed to its net-zero targets. But what are the opportunities?
Natasha Fortuin, ACA, CA(SA)
Chapter Zero Project Director, The Directors’ Climate Journey
From 2021, any firm seeking to hire workers from overseas will need to use a new immigration system. Several aspects of the new system were welcomed by the CBI, as Director General, Carolyn Fairbairn added:
"Careful implementation across all UK nations and regions will be required. Above all, the government must work with employers and employees - especially smaller firms - to ensure they have the time to adapt to new policies and practices."
After a long campaigning effort from the CBI, the Prime Minister has given the green light to HS2, bringing jobs, new homes, skills and investment to businesses across the north and midlands. Chief UK Policy Director, Matthew Fell added:
"The Prime Minister’s decision to back HS2 is exactly the sort of bold, decisive action required to inject confidence in the economy. It sends the right signal around the world that the UK is open for business."
While some FTSE firms have made measurable progress when it comes to ethnic diversity in the boardroom, the bottom line is business has to significantly up its game, said CBI Chief UK Policy Officer Mathew Fell. He added:
“Businesses need the same focus on ethnicity diversity as on gender diversity. If they do, then meeting the 2021 target of at least one director from an ethnic minority background is still possible."
Despite the challenges of the last three years, together we have made progress. No deal has been avoided and a year of status quo gives time to shape that new relationship, said CBI Director-General Carolyn Fairbairn. She added:
"Now the real work begins. It’s time to focus on the future and build a new relationship with Europe. "This can reflect our shared values and mutual interest, and support bold global trade ambitions.”
With free movement coming to an end, a new immigration system that is fair and sustainable from day one is as important for many firms as our future trading relationships, said CBI Northern Ireland Director. She added:
“Flexibility will be needed to build a system that lets wages rise where there are shortages while helping businesses to access the skills and labour required."