A recent government study shows that British small businesses employ around 60% of the private sector’s workforce. The report suggests that this accountsfor around 45% of the total energy use.
It’s believed that the environmental impact of this is significant as small firms cause a massive 43% of all serious industry related pollution incidentsand are responsible for a whopping 60% of all commercial waste.
A policy paper released by the SME Committee, named “From Green to Black and White: Embedding Sustainability in Small and Medium Sized Enterprises(SMEs), states that it is vital that small businesses start to adopt a moresustainable, environmentally friendly manner in their day-to-date operations.
As part of this study the Association of Chartered Certified Accountants (ACCA) have stated that it is important that sustainability practices are embedded into small business operations. They believe that this is achievable, however, they warn that carbon reporting standards should take into consideration the fact thatsmaller companies have different requirements to that of their largercounterparts.
Chairman at ACCA, Professor Francis Chittenden, commented:
“Standards developed by or for [large businesses] will not necessarily work for smaller businesses. They need a different approach – SMEs require simpler methodologies, making use of financial data that they already produce for management purposes.”