Given the sheer number of small businesses, however, the role they can play in actually making a measurable impact is substantial.

What can small business operators do to begin their social impact journey with limited resources and reach? Here is a quick blueprint to follow.

As companies bolster their supply chains, it is also the perfect time to integrate sustainability into key decisions and processes.

Each node in a supply chain is a decision point and provides an opportunity for improvement - not simply by shifting to new suppliers, but by authentically engaging with those who already know you well. Why engage?

December 2022 - In This Issue:

• Meeting ESG Head on in 2023: 10 Things to Consider with Flat Budgets and Growing Expectations

• Don't Leave Your Workers in the Cold: Climate Risks & Planning for Equitable Adaptation

• Zero Tolerance for Greenwashing Net Zero

• New EU Carbon Tax on Imports

• Human Rights Abuse in Supply Chain

• How Can You Prioritize Your Giving?

Uplifting News: 

• Uplift x Optimy Webinar: 6 Social Impact Trends to Watch in 2023

The ESG space has changed substantially in 2022, and 2023 is expected to usher in additional areas companies will need to pay attention to.

During a time when many corporate budgets are flat and ESG and sustainability expectations are increasing, what actions should you prioritize?

And what ESG trends should your company be on the lookout for in 2023?

New EU Carbon Tax on Imports: The European Commission’s proposal to introduce a Carbon Tax on imports may be the incentive many companies needed to reevaluate their supply chains and fund their decarbonization initiatives.

The proposal is to equalize the price paid for carbon by European vs. non-European producers by implementing a carbon tax on imported goods - a move that is being referred to as the EU Carbon Border Adjustment Mechanism (CBAM).

Companies are conducting risk assessments on extreme weather and ways that climate change will affect their operations and supply chain. Your customers are doing the same - and they are planning to act. They are starting to work on their Net Zero strategies and evaluating which decarbonization actions to prioritize. 

But, as the UN reminds us, companies may be forgetting “the who” in climate action planning. And in this case, they need to analyze how their climate transition actions will impact their stakeholders.