Firms 'not investing in energy and water efficiency'

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Firms are not investing in green measures such as energy and water efficiency due to the current economic climate, according to new research.

A study by the Environment Agency found that 53 per cent of UK businesses are missing out on the savings being energy efficient can offer.

Three-quarters of businesses in the east of England were found to lack a sustainability initiative, compared to Wales where almost two-thirds of firms had a green policy in place.

Ian Barker, head of water resources at the agency, said: "It is vital that businesses remain committed to best practice through this difficult economic period.

"Whilst we appreciate the strains that company finances are under, the majority of efficiency measures actually reduce costs by reducing water and energy use."

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