Firms 'have financial incentive' to go green

Business owners have been advised by one charity how they can save money by being energy efficient.

Jim Haywood, environment director at Business in the Community, informed employers that offices can save around £6,000 a year just from turning off all computers at the weekends and during bank holidays.

"Reducing energy consumption by just 20 per cent can add the same sort of amount to profits as an increase in sales of something like five per cent.

"There is a real incentive there to make a difference," he added.

Mr Haywood also said that in the long term businesses can be better off by having a positive attitude towards sustainability, noting that firms that perform in the charity's corporate responsibility index get up to 7.7 per cent better performance on the FTSE 350 index.

Last week the Committee on Climate Change reported that more is needed to be done to increase the pace of emissions reductions if the UK is to meet its target to cut carbon by 34 per cent by 2020.

Posted by Christopher Evans

Published on: July 5, 2010

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