Despite the importance of net zero goals, there are low levels of awareness of the potential risks and benefits of embracing new business models and opportunities to meet net zero objectives.

Over half (54%) did not identify any opportunities in environmental action, and 62% saw no potential social benefits for their region.

At a time when access to cheaper capital is more vital than ever to an organisation’s long-term survival, access to green finance can be a lifeline to businesses, but there is a lack of expertise in the field across the accountancy sector.

Research by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) found that businesses say they are under-informed on climate finance opportunities and climate risk management.