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Environmental Sustainability Practices for SMEs

Environmental Sustainability Practices for SMEs
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Author(s): Gurudas Nulkar (HRD, India)
Copyright: 2018
Pages: 20
Source title: Green Initiatives for Business Sustainability and Value Creation
Source Author(s)/Editor(s): Arun Kumar Paul (Xavier University, India), Dipak Kumar Bhattacharyya (Xavier University, India)and Sandip Anand (Xavier University, India)
DOI: 10.4018/978-1-5225-2662-9.ch001

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Abstract

The rate and scale of environmental degradation, through economic activities, has triggered widespread awakening among businesses, governments and civil society. The world over, corporations have responded by adopting sustainability practices and reporting. However, much of these happen within the premises of the corporations. As larger organizations outsource their manufacturing and service operations to small and medium enterprises (SMEs), they effectively shift their environmental burden on their vendors. In most developing countries, poor regulations and weak enforcement of environment laws leave the SMEs on their own, to improve their environmental practices. However, their limited resources and managerial capabilities are often inadequate to undertake sustainability practices. This chapter presents the findings of a research conducted among engineering SMEs in India. It proposes a lifecycle approach towards environmental practices and discusses potential business benefits and value creation from this. The chapter gives a roadmap for green business strategies, which SMEs can implement within their organization.

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