The UK has seen a 48% increase in the number of manufacturing firms setting ESG targets for their business, with around two-thirds (62%) now doing so (since 2021), according to a report from Make UK and Lloyds Bank.
The in-depth report, which looked at the progress, opportunities and challenges faced by UK manufacturing firms looking to improve their ESG strategies, reveals that almost two-thirds of UK manufacturers (61%) say they expect to expand the scale of their ESG strategy in the next two years.
Firms said the reasons behind this increase include increasing pressures from the labour market, government, investors, and customers.
Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.
