Small & Medium Enterprises are Critical to Net-Zero Goals

Posted under: SMB
Date: 2023-12-27
Small & Medium Enterprises are Critical to Net-Zero Goals

Small and medium enterprises (SMEs) are crucial to achieving global climate goals, representing 90% of businesses worldwide but also contributing 60-70% of global carbon emissions. While large corporations lead in name recognition, SMEs are the backbone of economies, making their involvement in decarbonization essential. However, SMEs face challenges such as limited resources, tight budgets, and a steep learning curve. Despite recognizing the importance of net-zero goals, over 60% feel it's an overwhelming challenge due to financial constraints and time limitations. Reporting Scope 3 emissions, affecting 75% of total emissions, intensifies urgency to act, affecting SMEs' importance in supply chains and risking business loss and collaboration opportunities. Climate change impacts are increasing, affecting 90% of surveyed SMEs. To mitigate damage, SMEs can leverage green initiative financing, digital tools, and partnerships.

Read more at: cleantechnica.com