Green Regulations for SMEs
Whilst 2050 seems a long time away, assessing your operations to prepare for coming changes can get you ahead of the game.
What You Need to Know
- SECR Reporting: SMEs supplying larger firms should prepare to track and report direct (Scope 1) and indirect (Scope 2) emissions. Larger clients may soon require this.
- Climate Scenario Disclosure (TCFD): While currently aimed at larger businesses, SMEs may be affected through supply chains. Getting ready now gives you a head start.
- Carbon Border Adjustment Mechanism: Tariffs on carbon-intensive imports (expected around 2027) could influence your material or product sourcing decisions.
Why It Matters
- Supplier Readiness: Many large organisations are seeking sustainability data from their suppliers.
- Brand Trust: Customers and partners value transparency and green credentials.
- Future-Proofing: Starting now makes adapting to future regulations easier and cheaper.
What SME Businesses Can Do Now
- Conduct a basic energy and waste audit – check heating, lighting, packaging, and transport and discover where you are.
- Reduce plastic usage and move toward recyclable or reusable packaging.
- Switch to low-emission or electric vehicles where possible.
- Make use of Worcester BID support: workshops, checklists, training, and audits via the Green Space programme. Events launching soon!