Despite some of the toughest trading conditions in over a generation, UK manufacturers look set to continue their green investments, according to Infor.
Independent research commissioned by the software specialist reports that over half (56%) of UK directors in the manufacturing sector will not postpone their green investments due to the current economic climate.
Although 57% of UK manufacturers report no measurable return on investment from their green strategies in the past year, over 40% of manufacturers still feel that green initiatives are key to cost reduction strategies in the coming year. 56% of UK manufacturers also plan to increase their investment in green technologies in the next 12 months.
Andrew Kinder, director, solutions marketing, Infor, commented: Pursuing a green strategy is a business imperative for manufacturers as they face up to increasing international legislative requirements in the coming years. This time-table shows no sign of slowing down, regardless of the economy. Thats why organisations continue to invest in green, even in the absence of a hard return.
Looking forward, the research shows that manufacturers understand the cost saving potential of their green programs. However, in the current climate, all investments will be scrutinised for returns over the next 18 months. We can expect green strategies to enter a pragmatic, business-oriented era with, thankfully, a lot less greenwash.
A full report of all findings is available. Please contact Crawford Warnock at firstname.lastname@example.org / 01604 232223.
For more information on Infor and how it can help your green initiatives, please see http://www.infor.com/goinggreen/
Infor acquires and develops functionally rich software backed by thousands of domain experts and then makes it better through continuous innovation, faster implementations, global enablement, and flexible buying options. In a few short years, Infor has become one of the largest providers of business software in the world.