environmental inertia

Small Businesses Suffering ‘Environmental Inertia’

British businesses’ efforts to improve their green credentials are at risk of faltering because of a recession-borne focus on cost savings, according to a new study from Lloyds TSB Commercial. The study shows that although the downturn has spurred some businesses to adopt green initiatives in their drive to cut costs, this focus on finances means many firms are losing sight of the broader risks of environmental inertia, and the commercial opportunities to be gained from boosting green credentials. The key findings of the study are: Only two fifths (38%) have taken steps to analyse the environmental risks to their businesses. Half of the firms canvassed (51%) cite cost as the principle barrier to pursuing environmental initiatives. However, half of businesses questioned (48%) believe ... »