As Amazon and other big companies reduce their carbon footprint, they’re putting pressure on suppliers to do the same, or risk losing business.
Amazon and other major companies from Walmart to Apple face growing consumer, investor, and regulatory demands to reduce carbon emissions.
Companies have much more control over their suppliers than many other areas of indirect emissions, says Andrew Winston, author of several sustainability-related business strategy books. Eight in ten small and medium-sized business owners say reducing emissions is a high priority, yet 63% also say they don't have the right skills, and 43% say they lack the funds, according to a survey from the non-profit SME Climate Hub. In a survey from Intuit QuickBooks, two-thirds of small business owners said they were taking steps to reduce their environmental impact, such as recycling and using renewable materials.
"If you look at the process of data collection and recordkeeping alone to comply with these requirements, it will take up significant resources," Patel said.Amid ongoing fears of recession, higher interest rates cutting into sources of capital, signs of weaker consumer demand, and labor market challenges, small businesses have focused more on employees and their bottom line than sustainability.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The 26 best Amazon Prime Day deals you can still shop for todayHere are the best October Prime Day tech deals that you can still get today.
Read more »
Town of Jerome claims Amazon stopped delivering packages to residentsResidents and businesses in the town of Jerome want answers as to why the packages they ordered are no longer showing up.
Read more »
See Jeff Lewis' Reaction to Gina Rodriguez's 'Horny' Furniture in 'Hollywood Houselift' Trailer (Exclusive)The Amazon Freevee series returns for season 2 on Dec. 6 with 10 all-new episodes.
Read more »
Amazon says October Prime Day outpaced last year's eventPrime members scooped up more than 150 million items from third-party sellers, up from about 100 million items last year.
Read more »
Amazon says October Prime Day outpaces last year's eventPrime members scooped up more than 150 million items from third-party sellers, up from about 100 million items last year.
Read more »
Amazon says October Prime Day outpaces last year's eventPrime members scooped up more than 150 million items from third-party sellers, up from about 100 million items last year.
Read more »