SMEs engage in responsible business practices

The Council of Small Business Organisations of Australia (COSBOA), along with St James Ethics Centre yesterday announced the launch of Good Business Register: the national register of responsible business practice for SMEs.

The Good Business Register is an online platform, which will enable small to medium enterprises (SMEs) to engage in responsible and sustainable business practices, typically reserved for big businesses. Such practices include: climate change impacts, increasing consumer awareness, supply chain pressures, competing in international markets and increasing regulatory frameworks.

Businesses will be given the opportunity to build a ‘Responsible Business Practice Profile’ on the site, which they can use to demonstrate both their social and environmental business credentials to procurers, customers, staff and other stakeholders.

Rosemary Sainty, head of the responsible business practice project at St James Ethics Centre, said SMEs are the backbone of the economy and should be leading the way when it comes to responsible business practises.

“Unlike corporations, SMEs traditionally have greater levels of trust, connectedness and responsiveness to their communities in Australia. The Good Business Register aims to enable SMEs the opportunity to drive the transition towards sustainable business practices,” she said.

For more information, please visit www.goodbusinessregister.com.au.

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