Every business must play its part in solving today’s most pressing social and environmental challenges – not only to ensure we transition our economy to operate within planetary boundaries and to meet societal needs, but also because it makes sound business sense. Any organisation which fails to step up is at risk of losing its customers and potentially its license to operate.
When it comes to sustainability, however, the trickle-down effect is not common. Major organisations have the luxury of in-house sustainability teams. On the contrary, smaller businesses are not so privileged and are frequently limited by financial and temporal constraints, as well as limited sustainability know-how.
According to official UK Government statistics, in 2021 there were 5.3 million privately owned micro-businesses and 211,000 privately owned small businesses contributing 98% to the UK economy.
However, in relation to sustainability, unfortunately, the gap between ambition and action is of particular concern when we think about micro and small business. Whilst they make up the majority of the UK economy, the resources or expertise to understand what they need to do differently are often inaccessible.
The Good Small Business Awards is designed to celebrate small and micro businesses who view sustainability not as a burden, but as an opportunity to better promote and grow their business.