Going green doesn’t help SMEs in the red
Jun 21 2010
Environmental concerns have been pushed to one side as the recession has forced small businesses to refocus their priorities.
Only 9 per cent of SMEs say they are putting significant investment into environmentally-friendly practices, while 37 per cent admit they are doing little or nothing to make their workplaces greener, up from 30 per cent in 2007, according to finance provider GE Capital.
John Jenkins, CEO of GE Capital UK, says: ‘There is no doubt that the recession has had a major impact on SME's attitudes and strategies towards green investments. Many firms may have chosen to defer or halt any further outlay into energy and CO2 efficient equipment, preferring to consolidate their financial positions instead.
‘As the economy starts to recover it is vital that this plateau in attitudes is reversed, particularly if SMEs are to make their full contribution to reducing emissions while still supporting economic growth.’
The research also finds that manufacturing, IT, telecoms and media are the sectors that have done the most to reduce their emissions, with retail and leisure having done the least.
Of the 500 owner-managers surveyed, 42 per cent say tax breaks would be the most effective incentive to encourage environmentally-friendly behavior, while 13 per cent cited more regulation.
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