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Cost-of-trading stifles sustainable investment, retail report shows

April 18, 2024 EcoVadis EN


Just 16 per cent of businesses will increase spending on sustainability in 2024.
This is according to a recent Retail Sentiment Report released by the National Retail Association, which noted that implementing sustainable practices could bring significant upfront costs for businesses.

This comes as retailers across Australia field growing business costs, including wage rises, alongside hampered consumer spending and confidence, putting pressure on business margins.

According to National Retail, business owners are looking for cost saving measures in their transition to reduce carbon emissions by 2030. 


Read the full article at: www.ragtrader.com.au

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EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on EcoVadis’ detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries. Leaders like Johnson & Johnson, L’Oréal, Unilever, Bridgestone, BASF and JPMorgan are among 150,000+ businesses that use EcoVadis ratings, risk, and carbon management tools and e-learning platform to accelerate their journey toward resilience, sustainable growth and positive impact worldwide.

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