Small firms not going green

The continuing effects of the recession mean small and medium-sized businesses are not investing in green improvements, according to research from Lloyds TSB Commercial.

The survey revealed that 30% have stalled the implementation of energy-efficient improvements because of the economic downturn.

Many blamed the cost of green improvements for their lack of action, while around a quarter said the lack of clear policy surrounding environmental legislation was the reason.

Just 38% of the firms involved the survey said they had already taken steps to understand the risks climate change posed to their operations.

"Coming out of the recession many firms do seem focused on the costs savings to be gained from environmental improvements, but many are being held back because they fear the cost of taking action,” said John Maltby, managing director of Lloyds TSB Commercial.