MORE than 100 small businesses were warned that they could be losing out to their competition by failing to make their firms more sustainable.
The sustainability event was held at Shendish Manor, in London Road, Hemel Hempstead, on May 10, hosted by Lloyds TSB Commercial.
Simon Fraser, senior manager for Lloyds TSB Commercial in Hertfordshire, said: “Sustainability is an incredibly important issue for all SMEs in the UK and the wider international business community
“Embracing environmental practices has resulted in a whole new era of business thinking, and it is critical that Hertfordshire firms understand the significance of this shift or run the risk of falling behind their competitors.
“South East SMEs have made clear that they require increased guidance from other organisations on improving their sustainable credentials.”
The bank has a team of business and environment managers and the event coincided with a survey by Lloyds TSB Commercial showing that although 43 per cent of South East businesses believe becoming more sustainable will create increased opportunities, more than a third (36 per cent) feel they are not doing enough to capitalise on them.
The Shendish Manor event is one of 200 across the country this year as part of the bank’s 2012 SME Charter.
County businesswoman Nina Sebastiane of Hot Yoga Herts: “In terms of embracing environmental policies, we are fitting out the new studio ‘feel hot yoga’ with sustainability in mind, using insulating technologies to retain heat within the studio, and so ensuring we reduce our emissions as a business.”
Lloyds TSB Commercial has developed a sustainability website, containing a free tool for SMEs to use to help improve their green credentials.
For more information visit www.supportingbusinesses.co.uk/lloyds/sustainability.