Daijiworld Media Network- Mumbai

Mumbai, Apr 3: In a significant revelation, the Small Industries Development Bank of India (SIDBI), in collaboration with Dun & Bradstreet (D&B), has highlighted the pivotal role of efficiency improvements and enhanced compliance in accelerating the adoption of sustainable practices across industries.

According to the SIDBI-D&B SPeX report, businesses that streamline operations to boost efficiency while ensuring adherence to compliance standards are increasingly inclined towards integrating sustainability into their operational frameworks. The findings suggest that companies view sustainability not merely as a regulatory requirement but as a strategic advantage essential for long-term growth.

Efficiency gains, achieved through cost-cutting, waste reduction, and process optimization, coupled with stringent compliance mechanisms, have emerged as critical enablers for sustainability. Such measures not only enhance profitability but also contribute to building brand credibility and strengthening stakeholder trust.

The report further emphasizes the need for structured frameworks to support micro, small, and medium enterprises (MSMEs) in adopting sustainable practices without compromising profitability or competitiveness. As industries continue to evolve, embracing sustainability is expected to be a key differentiator in the marketplace.