Firms cut travel in 'green' drive

The rising cost of motoring coupled with environmental concerns have prompted more than half of smaller firms to reduce car travel and taken other "green" measures, according to a new report.

Almost a third of 300 small to medium-sized companies surveyed were trying to cut down on face-to-face meetings, while a quarter took the train wherever possible.

Environmentally-friendly policies such as car-share schemes or cycle-to-work initiatives were most likely to be adopted by recently-launched firms, said the report by Bibby Financial Services.

Most action to help the environment was being taken by businesses in the West Midlands and the North, especially finance firms.

David Robertson, chief executive of Bibby Financial Services, said: "Corporate and social responsibility has without a doubt moved up nearly every business's agenda over the past few years and it is clear from our research that owners and managers are taking action by reducing the amount of time spent on the road.

"With nearly three-quarters feeling the effects of rising fuel prices, it is just as well so many have been acting on their concern for the environment as this must have helped to reduce costs."

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