Green tech is now a billion-pound market for UK firms

A recent study conducted by IT service provider Auxilion and Hewlett Packard Enterprise has revealed just how important green tech is to companies in the UK.

According to the study of 100 IT decision-makers from UK enterprises with more than 250 employees, organizations are now collectively spending an average of £917,540 annually on green technologies.

Furthermore, four in five (79%) reported that sustainability has become a priority for their company, with even more (84%) expressing pride in their company’s sustainability efforts.

UK’s green tech sector is worth £1bn

When probed about why they are prioritizing sustainability, more than seven in 10 said that it is key to business growth (75%), key to attracting and retaining talent (76%) or is a key differentiator when choosing a vendor (72%).

In order to make progress toward their sustainability goals, the majority of the survey’s respondents were ...