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Do you know your business's impact on our planet? Devon-based consulting firm highlight
By: Ipsa Consulting Limited
The specialist firm, headquartered in South Hams, is issuing a stark warning to businesses - as part of a shift toward regenerative capitalism, businesses that are not adapting to include sustainable practices into their core strategy will fall behind.
For the last 30 years, transnational organisations have been leading the way in sustainable practices and now is the time for SMEs to join the transition to a less-extractive and fairer world.
Cath Harris, Managing Director of Ipsa Consulting commented on the news, saying:
"We're noticing a trend that customers are looking closely at the ethics of the products and services they intend to buy. Companies that are being transparent about their positive and negative impacts are being favoured over those who aren't communicating their pledge to our planet.
Traditional capitalism works by extracting resources and exploiting people - companies have often made profits by ignoring the negative impacts of these practices. However, there is an important shift happening where organisations are being encouraged to measure and map their impacts and communicate findings to their stakeholders.
Sustainability is such a huge subject and is an emerging field for SMEs to adopt. With an increase in globalisation the world has become a smaller place for SMEs to operate - by adopting sustainable practices, businesses can be accountable for their impact and attract forward-thinking and conscious consumers."
On the consultancy's positive step to enabling SMEs to become more sustainable, Cath said:
"Adopting sustainable practices into core business strategy is often a daunting task for those without specialist knowledge - the risk of green-washing is high and so for those companies who truly take their pledge to becoming more sustainable seriously, we recommend working with a professional partner like us that can help navigate the complexities."
Ipsa Consulting has a track record for assisting SMEs with their sustainability journey.
For more information about sustainability services and Ipsa Consulting, visit www.ipsaconsulting.co.uk
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Ipsa Consulting Limted