How can SMEs do ESG?

In the face of the current climate crisis, SMEs must work towards being more sustainable. With small and medium enterprises making up 99.9% of all businesses in the UK, they hold real power to make a difference.

Plus, with large corporations such as Unilever and Microsoft reducing emissions along their supply chain, small businesses will need to ensure they are able to become part of the sustainable procurement cycle.

There is also growing expectation amongst investors and buyers for high ESG standards, so business owners looking to expand or sell their enterprise in the near future need to be taking their sustainability particularly seriously.

However, despite it being great for the planet and great for business, small businesses don’t always have the resources to develop a detailed climate plan, and may not know where to begin with their ESG journey.

With this in mind, financial planning firm Equilibrium shares their top tips for SMEs keen to become more sustainable. This advice includes benchmarking carbon emissions; making small, smart eco-conscious changes; partnering with green suppliers; and supporting local carbon offsetting initiatives.