Company News

14th Feb 2023

NEW REPORT: SME Climate Hub- Barriers & Bridges to Small Business Climate Action. February 2023

Started by Martin White

"Small and medium-sized enterprises(SMEs) are the backbone of communities and economies around the world. They make up 90% of businesses globally, employ 70% of the world’s workforce and contribute over 50% of global GDP.

Rising global temperatures and weatherrelated disasters compound risks for businesses of all sizes. Yet, they particularly impact SMEs given their localized supply chains, centralized infrastructure, and dependence on the communities in which they operate.

At the same time, SMEs have been the least equipped to mitigate their
role in the climate crisis. Small businesses are facing greater risk while also potentially missing out on the benefits of building more resilient businesses and cutting costs.

The SME Climate Hub annual survey hopes to bridge this gap — helping the initiative, the We Mean Business Coalition and the broader climate and business communities understand where small business currently stands on their climate action journey. That includes the barriers that are holding up progress and the drivers that are keeping SMEs on track to cut emissions in half by 2030. It’s clear that SMEs have the will to create a better future for their business and for the planet, but reaching these goals isn’t easy. The SME Climate Hub is here to help drive progress and scale solutions".

Pamela Jouven, Director SME Climate Hub

Read our latest report here;
smeclimatehub.org/wp-content/uploads/2023/02/SME-Climate-Hub-Survey-2023.pdf