Despite the pandemic, latest data has found that the majority of smaller sized businesses are continuing to focus on improving their environmental sustainability.
The Lloyds Bank Commercial Banking’s Business Barometer revealed that 54% of SMEs said becoming environmentally sustainable is important to their business, with a fifth saying they had used suppliers that source environmentally friendly products and services (19%) or made alterations to their premises to improve energy efficiency (19%) in the last year.
Interestingly, the top reasons for being more focussed on environmental sustainability were:
- Pressure from customers (18% vs 22% in 2019)
- Long-term costs savings (18% vs 23% in 2019)
- Firms’ corporate social responsibility policies (17% vs 19% in 2019).
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Email JaimePaul Gordon, Managing Director, SME & Mid-Corporates, Lloyds Bank Commercial Banking, commented, “While many businesses have been forced to prioritise mitigating the immediate impact of the Covid-19 pandemic, it’s hugely encouraging to see that the majority of firms still have their sights set on improving their environmental performance.”
“Environmental sustainability will sit at the heart of successful coronavirus recovery strategies and, ultimately, investment in this area is going to help businesses – and the UK as a whole – build back better.”
“We’re committed to ensuring that our customers are fully supported to transition to a low carbon economy. We’re standing by the side of businesses across the country with discounted funding for green initiatives and with our Relationship Teams specially trained to help put sustainability plans into action.”
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
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