Report shows a business ‘thrift shift’ in response to recession

Envirowise research shows that the recession could leave a legacy of resource efficiency as the North West business mindset changes.

Posted on 7 December 2009

Envirowise has released ‘Business Thrift Shift 2009’, a report presenting the findings of research aimed at understanding the extent to which business attitudes to resource efficiency have altered as a result of the economic climate, as well as identifying areas where lasting and positive changes have been made.
 
Over 500 companies were included in the research which showed that 75 percent of North West companies had developed a more detailed knowledge of their spending and resource use as a result of the recession, and 95 percent expected to be more careful about how they use their resources once recovery comes.
 
The figures for the North West were higher than the national average, with 73 percent reporting a more detailed knowledge of their spending and resource use, and 80 percent expecting to be more resopurce efficient in the future.
 
Although the report states that 32 percent of North West companies reduced staff costs during this period, the biggest area of ‘cut-back’ was in raw materials and consumables spending reductions (42 percent), with a large number also reducing water, energy and transport use.
 
Nick Ward, Envirowise Regional Manager for the North West, said:
 
“North West businesses have been facing some serious challenges as a result of the recession... However, it is also clear that for many companies this period of economic difficulty has stimulated a more resource-conscious mindset , galvanising environmental commitments that had perhaps been lower down the business agenda.
 
“Such an approach does not only lead to financial savings; it can also equip businesses to face increasing levels of environmental legislation and provides an important competitive advantage as customers become more environmentally conscious. These companies are not only more likely to survive the recession in the short-term, but are also better placed to thrive when the economy begins to recover.”
 
For more information and to help the ‘thrift shift’ continue in your business, visit www.envirowise.gov.uk

Source: Envirowise email

Posted under General Interest on 7 December 2009