Post by bonnasuttadhar225588 on Feb 15, 2024 12:04:10 GMT
Data from the International Labor Organization (ILO) indicates that micro, small and medium-sized enterprises (commonly abbreviated as SMEs) are responsible for more than two-thirds of all jobs worldwide. In addition to representing most of the creation of new jobs. But despite providing a large share of global employment, sustainability for SMEs still must cope with growing global consumer demand. To a large extent, SMEs tend to be represented by sectors that have been most affected by the COVID-19 pandemic, maintaining smaller cash reserves, weaker supply chain capabilities, and lower adoption of tools and technologies. digital, compared to their larger counterparts, according to Blue and Green Tomorrow . Promote sustainability for SMEs However, good intentions are not enough on the path to sustainability, as Entreprenur points out that 98% of sustainability initiatives fail. So finding ways to make green decisions not only improves reputation, but is also associated with a more profitable business model based on innovation and the sustainability of global economies. Sustainability offers companies the opportunity for a value approach to address the main challenges of SMEs, such as growth, talent acquisition and retention, and access to financing.
Of millennials surveyed purchased a product with an environmental benefit in the past 12 months.” Forbes . So how to start? Companies must also make more sustainable decisions and choose greener business models. The Internet is full of information that can be used to propose sustainability strategies for SMEs. However, here we share some guidelines to start the journey Namibia Email List towards sustainability. 5 sustainability tips for SMEs 1. Think more sustainably in how you create, package and ship your products All companies sell products, services or a combination of both. If your business is selling products, there are a few things you've probably thought about in efforts to be more sustainable. Creating eco-friendly products from sustainable materials is part of selling products sustainably. Shipping products can create a huge carbon footprint if you're not careful, so you definitely need to pay attention to this. Green shipping uses biodegradable materials that can be easily reused, recycled and decomposed quickly. It can also be applied in consolidating transactions into a single delivery, using low-carbon shipping techniques and other strategies to reduce negative environmental effects. Here are some responsible options: Create a network to help find partners and suppliers who share the same mission and join the objective.
Look for carbon neutral suppliers to work with. Reevaluate packaging. Is it good for the environment? Is it good for the end user? Could I go without a package? Could you sell in bulk to eliminate excess packaging? 2. Pay attention to your energy consumption Energy consumption is another thing you should pay attention to if you are on the path of sustainability for SMEs. This is important even for an online business that offers a service. At the very least, a business has to use a computer and some lights to work. Costs only increase as the company grows as well. Fortunately, you can start with some simple energy-saving tips, such as: Turn off the lights and take advantage of natural light. Turn off the computer when not in use. Use power strips to turn off all electronic devices with a single flip of the switch. Install LED bulbs: They use 75% less electricity than incandescent bulbs! 3. Sustainable business strategy Today, you can learn about ways to make your entire supply chain, and even your business strategy, greener. You can read literature on the topic, attend events, or search for articles online. Since there is a lot of pressure for companies to become greener, there has also been a lot of research done on this, which makes things easier. One of the easiest steps is to create a business strategy that takes the environment into account.
