Saturday 23rd January 2021
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SMEs commit to environmental action

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Just over half of East of England SMEs (53 per cent) say that becoming more environmentally sustainable is important and a similar share have worked on green measures during Covid, according to a Lloyds Bank Commercial Banking business barometer. It suggests a quarter of firms have used using cash reserves and government grants (15 per cent) to fund green improvements. But the survey also shows that long-term cost savings and pressure from customers are the main drivers for sustainable activity by SMEs.

Dave Atkinson, regional director for the East of England at Lloyds Bank Commercial Banking, said: “Most businesses had to re-evaluate their immediate priorities to deal with Covid-19, which is why it’s hugely encouraging to see so many firms with their sights still firmly set on improving environmental performance. Environmental sustainability will be a critical component of business’ coronavirus recovery strategies and investment in this area will support our region as its builds back better."

Meanwhile, Anglian Water has funded 850 capital investment projects financed by green bonds worth a total of £876 million since 2017. The utility now has six green bonds, funding schemes which include innovative water abstraction projects, drought and flood resilience work and progressive water recycling and water resource management projects.

Last Updated ( Tuesday, 05 January 2021 08:43 )