SME Climate Hub drives accountability with new reporting tool

Posted under: MSME
Date: 2023-11-21
SME Climate Hub drives accountability with new reporting tool

The SME Climate Hub, part of the UN's Race to Zero campaign, aids small and medium enterprises (SMEs) in measuring, reporting, and managing their emissions. SMEs, constituting 90% of global businesses, commit to halving emissions by 2030 and achieving net zero by 2050 upon joining. With new regulations and increasing stakeholder demands, the pressure on businesses to track and reduce emissions is rising. The SME Climate Hub offers resources, including a reporting tool, to guide SMEs in their climate action. Reporting, crucial for transparency and risk management, benefits SMEs in partnerships with larger corporations seeking emission reductions across their supply chains. The tool simplifies reporting, supporting SMEs in their net-zero journey. The initiative anticipates banks linking green loans to SME Climate Hub reporting, emphasizing progress over perfect numbers.

Read more at: climatechangenews.com