The obstacles to becoming more sustainable differed between SMEs and large firms, with the former much more likely to report difficulty navigating government regulation.
Large firms cited constraints on their sustainability goals from a lack of sustainable suppliers (25%) and staff skills shortages (25%).
Devoting greater resources to increasing the skills of current employees, alongside near-shoring supply chains were often suggested as factors likely to combat these obstacles.
Andrew Harrison, Managing Director, Business Banking & International Retail, said:
“It’s concerning that businesses are saying that they’re experiencing challenges measuring their carbon footprint, and that this is standing in their way to becoming more sustainable. There are a wealth of tools that we’ve developed to help companies with this, and a lot of them are free.
“We have launched our free Carbon Planner tool which helps businesses measure their carbon output and recommends ways to identify potential cost and carbon savings. All our Business Banking colleagues have also been trained by the Universities of Edinburgh and Cambridge in helping businesses with their carbon reduction.”
Want to know more about funding, carbon footprints, decarbonisation opportunities, and where to find resources? Visit our climate hub.