To comply with the new net zero greenhouse gas emissions (GHGs) target set by the United Kingdom government by 2050, different sectors including the industrial sector are required to take action to achieve this target. Improving the building envelope and production of clean energy on site are among the activities that should be considered by businesses to reduce their carbon emissions. This research analysis the current energy performance and carbon dioxide (CO2) emissions of an industrial building in Liverpool, UK utilizing the Integrated Environmental Solutions Virtual Environment (IESVE) software modeling. Then it has proposed some methods for improving the current performance and reduce the carbon footprint of the building. The results indicated that the installation of wall and floor insulation could decrease the energy usage and CO2 emissions of the building by about 56.39%. Additionally, the production of clean energy on site using solar photovoltaic (PV) panels could reduce the annual CO2 emissions by up to 16%. Furthermore, this research provided some figures about offsetting the rest of CO2 emissions using different international offsetting schemes to achieve carbon neutrality of the building.