The survey also shows that the current credit crunch coupled with soaring energy prices, is in fact forcing businesses to make cutbacks which could, in the long term, help reduce their impact on the environment.
The survey revealed that cost constraints are one of the key concerns when companies are trying to implement green initiatives, with 54% citing cost as a significant barrier, as expected. However, there was a sense that concern over energy prices in an economic downturn will have a knock-on effect on encouraging environmental actions such as reducing consumption. 60% of respondents believed that rising energy prices would encourage organisations to take steps to become more environmentally responsible.