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UK's top companies spend less on social and environmental impact

Top companies have spent less this year than last on the social and environmental impact of their businesses, including waste and recycling issues, according to a new survey.

The Giving List, organised by The Guardian, is an annual social survey of stock market-listed companies. It revealed that the top 100 companies in the UK spent 0.79% of their pre-tax profits measuring and mitigating the social and environmental impacts of their businesses down 0.87% on last year.

Sainsburys topped the list, having earmarked 7% of its pre-tax profits for social and environmental affairs. This year the supermarket has made several high-profile environmental moves. These have included introducing recycled-content carrier bags and compostable packaging for its organic and ready meal ranges. Last week, in conjunction with the Arts Council England, it launched a limited-edition range of reusable bags designed by leading artists in a bid to make them more alluring and desirable to customers.

According to The Guardian, every company in the FTSE 100 now produces a corporate responsibility report, but an investigation by the Giving List has revealed that of the worlds 10 biggest corporations only four have published strategies for reducing their carbon footprints.

 

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