Aldermore's study reveals threefold surge in UK SMEs adopting green practices [Yahoo! Finance]
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Source: Yahoo! Finance
Despite the growing adoption of sustainable practices, the formal tracking of such measures has not seen a similar uptick. The Greenhouse Gas (GHG) Protocol outlines various scopes of emissions, with Scopes 1, 2, and 3 categorising emissions directly and indirectly associated with business activities, and Scope 4 accounting for the positive environmental impact of products or services. Investment in sustainability among SMEs, however, appears to be on the decline. On average, SME leaders dedicate 18 hours annually to sustainability strategies, with the total investment averaging £47,900, a decrease from the previous year's £83,517. The report says SMEs are calling for more robust government legislation to aid their climate change efforts, with 73% indicating the need for governmental support. Furthermore, 71% of SME decision-makers believe that larger corporations should address environmental issues first. This research was conducted by Opinium for Aldermore in April, surveyi
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