Every company has a carbon footprint. And each can help solve our global problem. Here's how big and small actions make a huge difference in the climate fight
, it’s also true that small and mid-size businesses have the power to impact eco-friendly policy. “It’s important for policymakers to hear members of the business community embrace a transition to a clean energy economy,” Teplitz says. Business leaders are simply seen differently than politicians or environmental activists—they’re sometimes more trusted.
Additionally, many small or medium-size enterprises are affiliated with a trade organization; these associations can be key to collective action since they help inform policy, says Patten. Trade organizations can follow the World Resources Institute’sMany businesses that take steps with eco-friendliness in mind might want to share their story.
Perhaps one of the biggest considerations a company can make is where it banks. When The Green Business Network evaluates whether a company can be awarded a “Green Business Certification,” one of the questions they ask is, “What kind of bank do you use?” Businesses are often surprised by the question, says Teplitz, but the answer matters. The larger conventional mega-banks are “continuing to fund fossil fuel companies,” says Teplitz, which is effectively “bankrolling the climate crisis.
A drive to reduce emissions could help land even juicier clients. Small- and medium-sized businesses have an opportunity to “disrupt their competition,” says Fisher, by demonstrating to larger corporations—who have their own sustainability goals—that they are committed to reducing emissions. “If I’m moving the fastest to eliminate my carbon footprint, maybe I can appeal to the larger companies that can put me in their supply chain,” he says.
Zooming out, Fisher believes that this pivot to a lower-emission business model is a physical transformation that will rival the digital transformation of the 2010s, and provide the same kind of upside to savvy companies. Ultimately, Fisher sees this transformation as “the dominant economic driver for the next 20 to 30 years.” And that economic driver is open to all—big or small.
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