With the increasing number of companies becoming sustainable, many small and medium enterprises (SMEs) in the Philippines were left behind due to a lack of expertise and resources.
“Many probably do not care a lot about sustainability reporting, and it’s easy to understand why. Unlike bigger organizations, most SMEs lack the time, knowledge, and resources to grapple with such extensive problems like climate change or social prejudice,” the Association of Certified Public Accountants in Public Practice (ACPAPP), said in an article on SMEs’ journey for sustainability.
Further, ACPAPP mentioned that the most popular way to present sustainability to SMEs is by promoting it as a cost-effective opportunity rather than compliance.
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