How Small Diverse Businesses Are Ahead Of The Game In Sustainability

Why does including small, diverse companies in your supply chain support your sustainability targets? Small diverse businesses are often more sustainable than large corporations due to their inherent flexibility and local focus which leads:

  • to quickly adapt to changing market demands
  • to a deeper connection to their communities, leading to more direct reinvestment and support for local economies
  • them to implement eco-friendly practices more efficiently
  • to reduced transportation costs

In addition, small businesses are more likely to adopt sustainable procurement, waste reduction and energy efficiency measures as these practices align with their flexible characteristics and community-centred values.

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Sources; https://earth.org/planning-sustainable-policies-for-a-niche-business/

https://www.bankoakpark.com/small-business/resources/financial-education/2022/06/how-small-businesses-can-start-on-the-path-to-sustainability.html

https://time.com/6213434/climate-change-action-companies-businesses

https://www.forbes.com/sites/mariannelehnis/2023/06/23/are-smes-or-corporations-leading-the-charge-on-net-zero

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Andrea Fimian is a dedicated Inclusive Sourcing Leader based in Zurich, Switzerland. She is the owner and founder of fips consulting, a Supply Chain consulting firm with core competencies in Supplier Diversity /Inclusive and Responsible Sourcing. Andrea spent over a decade in supply chain at IBM where she also led and developed the Supplier Diversity & Inclusion 1st Tier program for EMEA and the Global 2nd Tier program for several years.

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