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

About the Author

EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. We offer a full range of solutions including IQ-Plus Risk & Compliance Management, EcoVadis Ratings, and Carbon Action Module for Scope 3 Decarbonization. Key features like 360/Live News Monitoring, Academy E-learning and Corrective action plans help companies comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 250 industries in 185 countries.

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