Green plans Stalled for Company Formation Owners

Small business owners have put a hold on developing their environmental policy until market condition improve, claims a recent survey.

According to research done by HSBC small business division, companies are focusing on consolidating their existing business propositions rather than planning the implementation of new initiatives.

Of the four hundred business owners asked, only thirty per cent said that they are planning to implement a new environmental policy in the next year, while over fifty per cent said that cost was the main thing holding them back for developing their company’s green credentials.

Other reason stated were the fact that company owners feel that all matters ‘green’ have gone down in terms of consumer agenda and that there was little government support to help businesses pursue green initiatives