Sustainability ranks as pressing priority for SMEs in 2014

Sustainability ranks as pressing priority for SMEs in 2014

7 January 2014 Edie News

A quarter of small and medium sized enterprises (SMEs) say sustainability will be one of their top three priorities this year, despite the fact many are struggling to move beyond implementing simple green measures.

According to research from Lloyds Bank Commercial Banking, while SMEs are quite comfortable undertaking traditional activities such as energy saving and recycling, a significant number have still yet to adopt a broader range of sustainable business practices.

Of those businesses that still have no sustainable business practices, more than two-fifths (44%) say they will start investing over the next five years. The key motivations of these future investors are to reduce costs and increase profitability (52%) and make a positive contribution to the community (28%). 

View the full article at Edie News.