Sustainability still low priority

Sustainability still low priority

Company directors in manufacturing are putting themselves at risk due to the absence of a sustainability policy.

Fourteen percent of British manufacturing companies polled in a new survey by law firm Nabarro Nathanson said they felt that industrial sustainability is ‘just a buzz-word’, while 6% they do not monitor the impact their companies have on the environment.

The firm has warned that despite the low figure many directors are putting themselves at risk of breaking environmental laws.

Other findings show that only 38% polled considered sustainable development to be important in generating income for their shareholders. More worryingly, 19% of firms polled were unaware of the Climate Change Levy which was imposed on all industrial energy use from 1April 2001.

Mike Renger, head of Nabarro’s environmental practice, said: ‘The debate on industrial sustainability at a European and international level is widening. It now encompasses not just environmental issues, but also social and economic issues. Directors of British manufacturing companies need to understand that reporting on sustainability will soon be as routine and credible as financial reporting in terms of comparability, rigour and verifiability.’

Links

Government is good for business

For the full report www.nabarro.com

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource