The Benefits of Improved Environmental Performance
- Attract new customers
- 74% of the British population say more information on a company's social and ethical behaviour would influence their purchasing decisions. MORI CSR Study, 2003.
- Reporting on environmental information can make you a more attractive supplier than your competitors.
- Increased attractiveness to the investment community
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Organisations such as The Carbon Disclosure Project (click here) advise investors on companies' greenhouse-gas performance. They command over $50 trillion in investments and make positive environmental performance essential to any investment.
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- Product and service innovation - managing environmental impacts drives and supports innovation in product and service development.
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The Environment Agency estimates British manufacturing would save £2-3 billion each year - equivalent to 7% of annual profits - by adopting best practice waste minimisation techniques; often this requires little or no investment.
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- Employee recruitment
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Three out-of five people want to work for a company whose values are consistent with their own. (see 'A survey of undergraduates across the 20 largest economies in the world by Environics' Global Campus Monitor, 2003').
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Source: DEFRA Reporting Guidelines for UK Business (click here)
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