The Role of Small and Medium-Sized Businesses in the Green Economy

In the context of contemporary challenges and global climate change, the importance of sustainable societal development is increasing. Sustainable development of society is directly related to the sustainability of its economy. Small and medium-sized enterprises play a significant role in the emergence of a “green” economy and can also become key agents in promoting sustainable development. There are numerous ways in which small businesses can enhance their environmental responsibility, including reducing emissions of pollutants into the atmosphere, waste management and control, and increasing environmental accountability, among others. In this article, the positive aspects of small and medium-sized businesses transitioning to a “green” course are demonstrated, as well as the aspects that play a significant role in their development. The experience of foreign countries shows that the environmental awareness of enterprises has a favorable impact on their growth, as well as on the overall economic development of the country. Government support for small and medium-sized businesses facilitates a rapid transition to a “green” path for businesses and provides them with the opportunity to become drivers of sustainable development and innovation, thereby contributing to a more sustainable future for the country.