U.S. SMEs struggle with sustainability more than global peers, find reporting standards complex and costly
age research identifies the motivators and roadblocks for American businesses to become more sustainable
Almost half (45%) of U.S. SMEs describe environmental reporting standards and frameworks as too complex
Reducing barriers could open up new financial avenues, growth, and employment opportunities for SMEs
Sage is calling for simpler reporting frameworks and tech-forward support for SMEs looking to take action
ATLANTA, Nov. 16, 2023 (GLOBE NEWSWIRE) -- U.S. small and medium enterprises (SMEs) are grappling to keep up with the jargon and technical expertise of sustainability reporting and standards, according to Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses. A global study of 16,423 SMEs launched today shows that a promising number of businesses want to make progress on their path to sustainability but are unable to measure and report on their impact, preventing them from acting on their ambition, or from realizing the business benefits of sustainability.