Entrepreneurship is one of the most important driving forces for innovation, increasing market efficiency and responding to challenges and opportunities. Small and medium-sized entreprises, in particular, play a very important role in the social and economic development of a country. Often they are the major means for rural development, increasing off-farm employment and providing the transitional means for improving the livelihood of women. Responsible entrepreneurship can play a major role in improving the efficiency of resource use, reducing risks and hazards, minimizing wastes and safeguarding environmental qualities.
Small and medium sized-businesses are an important part of the UK economy. They are also responsible for one-third of the carbon dioxide emissions from business and a significant proportion of other waste. Smaller companies therefore have a significant role to play to help meet climate change targets. There can be significant benefits in improving environmental performance for companies of all sizes. On average a fifth of energy and a quarter of a company's waste can be avoided cost-effectively. Saving resources saves money and improves competitiveness - gain, not pain.