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Articles

Sustainability Strategies are Vital for SMEs

Sustainability Strategies are Vital for SMEs

In this article, sustainability strategies are discussed and how they can improve SMEs. Cost and time have proved to be a deterrent for SMEs initial involvement in the process. According to the article, a good strategy includes: economic, environmental and social performance goals. The elements attached to each are listed below:

  • Economic performance is the area a business will first notice results.
  • Environmental obligations should be upheld to limit negative impact (for example the carbon tax that will be implemented in 2019).
  • Social considerations will provide new opportunities.