09 Dec 2010 09:12:08
Businesses "future-proofing" against carbon taxes
Sustainability is creeping up the agenda as businesses look to "future-proof" their assets, one expert has claimed.
Speaking at the Sustainability Now event, Paul King, chief executive at the UK Green Building Council (UK-GBC), said cost-cutting is causing businesses to consider sustainability much more seriously than when "times were good".
Mr King said companies are looking at the way their assets will be performing in five or ten years time, even if they are not currently seeing a premium on green buildings.
"They can see the way government policy is heading with carbon taxes and other things, so people are thinking about future-proofing their business," he explained.
The comments come shortly after the release of a report from the Innovation and Growth Team, which suggested small and medium enterprises could benefit from a 40-year programme of work from the government's low carbon building agenda.
In addition, the report suggested the agenda could also act as a "springboard" for 200,000 new firms.