One in four small and medium-sized businesses (SMEs) in the UK consider sustainability one of their highest concerns for the coming year, according to a new survey by Lloyds Bank Commercial Banking (LBCB).
While sustainability is becoming an integral part of the business landscape, it has traditionally been much more difficult for smaller firms, who may lack the resources to make changes to company administration practices, LBCB says.
Encouragingly, the survey found that three out of ten SMEs plan to invest more in sustainable business practices over the next five years, although another 42 percent said that spending on sustainability is likely to remain flat.