Manufacturing Magazine June 2023 | Page 101

SUSTAINABILITY an EV charging cashback on Business Credit Cards to help offset the cost of doing business . This will pay between 1 % and 3 % cashback on credit card spend in these categories every month to businesses , from 14 February .”
Recent research from NatWest ’ s latest Sustainable Business Tracker shows that economic conditions are making some small to medium-sized enterprises ( SMEs ) hold back on their sustainability ambitions .
“ A lot of this is linked to cost burdens as a result of energy market volatility ,” says Capper . “ The survey , conducted in December , showed that hikes in energy and material prices were especially pertinent factors for SME manufacturers , with 76 % highlighting higher costs .”

“ Two-thirds of manufacturers surveyed had been hit by rising energy prices , prompting 64 % to invest in greener energy ”

LAURA CAPPER
HEAD OF MANUFACTURING & CONSTRUCTION , NATWEST GROUP
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