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Environment

Cost over environment

A recent study which surveyed 900 small- to medium-sized enterprise (SME) owners across the UK and ROI found that 76% of SMEs favour cost of goods over environmental impact.

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Today, over 78% of paper is recycled in the UK – considerably higher than in the EU

The study, commissioned by Close Brothers Asset Finance, also found that while this is the case, 71% of SMEs actively encourage employees to be more environmentally responsible.

Other results found that recycling is a priority for 81% of firms, most notably in the engineering sector where recycling rates rise to 92%. And while cost is the most important factor in most businesses, 64% of firms still said they would consider offering employees one day off a year to volunteer for environmental causes.

Commenting on the findings of its quarterly survey, Neil Davies, chief executive officer of Close Brothers Asset Finance, says: “These results clearly demonstrate the decisions business owners are faced with every day.

“On the one hand they really want to be ethical in the purchasing choices they make, but on the other hand they need to protect their profits.

What is encouraging is that the will is obviously there; as less environmentally damaging products become available and, importantly, affordable, they will be considered by those making the purchase decisions

“What is encouraging is that the will is obviously there; as less environmentally damaging products become available and, importantly, affordable, they will be considered by those making the purchase decisions.”

Print and paper manufacture through continual investment in new technologies and materials has significantly reduced its environmental impact in recent years.

Wood and recovered paper, sustainable forestry, paper recovery systems, and Forest certificate schemes are all part of the industry’s drive towards corporate social responsibility.

If you have any news, please email carys@linkpublishing.co.uk, or join in with the conversation on Twitter.


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