Environment Sector Payment Practices Show Marginal Improvement: 2021 Scores Rise to 63.2/100

The Comparison

Here's a snapshot of payment performance in the Environment sector:

• 2020: Analysed across 118 companies, the sector averaged a payment performance score of 62.1 out of 100. This indicates room for improvement in payment speed and reliability across the industry.
• 2021: With a slightly larger sample size of 124 companies, the average payment performance score increased modestly to 63.2 out of 100. This represents an improvement of 1.1 points year-on-year.

What This Means

The observed 1.1-point increase, while positive, represents a marginal shift in payment behaviour within the Environment sector. This small movement suggests that although some companies may be prioritising faster payments, the overall sector is progressing slowly. Companies struggling with late payments may find resources like a late payment calculator useful for assessing the financial impact and considering next steps.

In conclusion: The Environment sector showed a very small improvement in payment performance, increasing its average score from 62.1/100 in 2020 to 63.2/100 in 2021.