Why SMEs Need to Consider Carbon Accounting

Many small-to-medium enterprises (SMEs) aren’t ready for carbon accounting, putting growth at risk.

Why? Because the first time many SMEs will discover they are affected by corporate drives towards net-zero is often via a large customer that requests the disclosure of CO2 data for the products or services they procure.

If they can’t produce this data, they might not be able to secure contracts.

The growth of net-zero commitments by large companies with Scope 3 targets has led to new reporting requirements for SMEs. Suppliers that can demonstrate their own decarbonisation actions will be at a competitive advantage over companies moving more slowly.

The near-term risk of inaction can be measured in lost business. The long-term benefit of early action is stickier customer partnerships.

SMEs need to know where they stand.

Step one for SMEs is to define their current operational emissions and plan to measure their scope 3 emissions.

Bloom ESG knows how to scale support for SMEs by being smart about what we focus on. Our clear understanding of the carbon accounting rulebook and reporting requirements means we can offer support to small businesses.

We all know how hard the first step can be. So, to help small businesses take action, we now offer an intelligent carbon accounting tool that can define where a business stands.

Want to learn more? Get in touch to discuss the possibilities. Or speak to an expert today.

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