SMEs to embrace sustainability practices in 2014

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A recent survey from Lloyds Commercial Banking has revealed that one in four small to medium-sized businesses in the UK said they will be making sustainable business practices a priority over the next 12 months.

Questioning 1000 SMEs with a turnover of up to £25 million, the results revealed that the 87% of SMEs already implementing sustainable business practices are only focusing on such things as energy saving and recycling, rather than broadening their environmental activities.

Over half (54%) of SMEs surveyed said they believed their sustainability practices helped reduce costs, with 30% arguing they helped increase profitability.

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