Small- and medium-sized enterprises (SME) can, and often do, embrace social, environmental and economic sustainability as part of their business operations even when it might not be named as such and can seem far removed from core activities. SME owner-managers are often keen to ensure a strong, positive legacy for their business, especially where the business is a family concern. Their smallness can actually be an advantage: owner-managers can strongly influence employee behaviour and a lack of formal management structures can make change easier. SMEs can also adapt quickly and agilely when it suits them, leaving them well-positioned to take advantage of new niche markets for products or services with socially responsible components. Find resources and information on sustainability and SMEs here.

 

The Latest From the SME Blog

SME Blog

Build CSR Metrics into Your Balanced Scorecard

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Apply CSR metrics to your Balanced Scorecard.

Primer: Business Sustainability for SMEs

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Download(s): Primer

What is business sustainability? Business sustainability makes firms resilient so they are better able to adapt to change. Sustainable businesses are prepared for the future… Read More

Small But Mighty Firms Make Proactive CSR Pay Off

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Small businesses that proactively pursue CSR perform better than their penny-pinching peers.

Smart CSR Can Drive SME Strategy

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Download(s): Research Insight

Does your small business lack a formal strategy? CSR may be the answer. Steven MacGregor and Joan Fontrodona of the IESE Business School (Universidad de… Read More

Sustainable Development Drives SME Innovation

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Download(s): Research Insight

Innovation is a key factor in a company’s long-term success, regardless of its size. However, until now, research about the relationship between innovation and sustainable… Read More

Strategic CSR Can Create Competitive Advantage for Small Firms

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Customers increasingly want to deal with socially and environmentally conscious businesses. This presents opportunities for small- and medium-sized enterprise (SME) owners to develop new areas of competitive advantage. Capitalizing on sustainability opportunities can lead to longevity, but requires managers who can integrate a sustainable development framework into their company’s strategy.

Large Firm CSR Strategies Can Work for SMEs

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Download(s): Research Insight

A key place to find new value is corporate social responsibility (CSR) — initiatives that drive economics as well as social or environmental agendas. But most of the research in this area has focused on large firms. How do small companies identify and leverage CSR opportunities?

Voluntary Sustainability Codes Can Help SMEs Go Green

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Download(s): Research Insight

Some small- and medium-sized enterprises (SMEs) have been climbing onboard the sustainability bandwagon due to increasing stakeholder pressures. In the case of U.S. wineries, concerns around endangered species preservation and agricultural chemical use contributed to the development of a voluntary sustainability code by the industry’s largest trade association, the Wine Institute.

SMEs Find Bottom-line Benefits in Environmental Strategy

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Download(s): Research Insight

Limited research has examined the strategies small firms use to reduce environmental impacts. It is often assumed these firms don’t have the resources to undertake voluntary, beyond-compliance initiatives. Can small firms truly go beyond the basics and form proactive environmental strategies?


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