SME business is a big deal for our planet
We all know the big guys – the sprawling corporations and industry leaders that dominate the headlines when it comes to climate change. But what about the little and medium guys? From independent artisans to specialist production firms – you all have a role to play.
In fact, small and medium-sized enterprises (SMEs) are a surprisingly potent force for good in the fight against climate change. Here's why:
You're nimble and innovative. Unlike your larger counterparts, SMEs are often free from the inertia that can bog down big corporations. You can experiment with new sustainable practices and adapt quickly to changing market conditions. This agility enables you to implement changes like energy-efficient processes, waste reduction strategies, and critically, source from sustainable suppliers swiftly and effectively.
You're close to the community. SMEs are often deeply embedded in the communities you serve. This means you likely have a vested interest in protecting your local environment and can be a leader in promoting sustainable practices.
You're a big part of the equation. SMEs make up a huge chunk of the global economy. In fact, SMEs in the UK make up 99% of the employment population and contribute half of business-driven carbon emissions. What amazing results we could see if thousands of SME businesses in the UK made small changes to reduce your energy and switch to renewable energy (thereby reducing emissions) and made changes to your supply chains to prioritise environment and people.
Large corporations need you. All B2B SME’s are part of a large corporation’s value chain. As regulations become tighter on large enterprises, they need everyone in their value chain to provide data and act to reduce their impact on the climate and environment.
But what’s in it for you? Why should SME’s adopt sustainable practices and become regenerative?
There are actually a lot of reasons why SMEs should reach their regenerative potential, here are a few:
Cost savings. Many sustainable practices actually lead to cost savings, which is crucial when operating on tighter budgets. Measures like improving energy efficiency, reducing waste, and optimising resource use not only benefits the environment but also enhances your profitability.
Customer loyalty. Customers are increasingly prioritising sustainability as a purchasing value, and businesses that demonstrate environmental responsibility often see enhanced brand loyalty and a stronger market position.
Talent. Sustainability is a growing priority for the workforce, particularly among younger generations. SMEs that prioritise environmental responsibility are more likely to attract and retain motivated, skilled employees who value working for a company with a positive environmental impact.
Climate risk. Energy price spikes can be avoided with changes to how an SME purchases or produces its energy. Supply chain disruptions can be avoided through assessment of the sustainability of your supply chain.
Positive future. And let’s not forget that deeper reason – we all want a world where nature thrives, where temperatures are stable and we don’t have to worry about ice caps melting and sea levels rising – every small step thousands of SMEs do to reduce their climate impact will have a profound effect.
If you are wondering what your business can do, or need some help developing or implementing your plans, please get in touch. At Earth+Us we are here to make meaningful change happen for people and planet – we’ll support you to unlock the regenerative potential of your business.
Let's work together today for a better tomorrow: one SME at a time!