Sustainability Meets Growth: A Roadmap for SMEs and Mid-Sized Manufacturers
Small and medium-sized enterprises (SMEs) represent 90% of businesses globally and account for 40%-60% of business-sector greenhouse gas (GHG) emissions, yet they remain one of the most under-supported segments in the global sustainability transition.
A new white paper, Sustainability Meets Growth: A Roadmap for SMEs and Mid-Sized Manufacturers, released today by the World Economic Forum, indicates that if SME sustainability transitions are fast-tracked, the world could move significantly closer to achieving the Paris Agreement targets and unlock economic growth.
The report, released in collaboration with Schneider Electric, explores the shift in sustainability from a perceived cost to a strategic growth opportunity and provides a practical, five-stage roadmap for SMEs and mid-sized manufacturers to integrate environmental sustainability into their operations and business strategies. It also outlines the support mechanisms required from the public and private sectors to help with the transition.
“Small and mid-sized manufacturers have the potential to be powerful multipliers of climate action, particularly in decarbonizing value chains, as they play a critical role in global supply networks,” said Kiva Allgood, Managing Director, World Economic Forum. “The roadmap in the report demonstrates how sustainable transformation is not only viable for smaller manufacturers – sustainability can also be leveraged as a competitive advantage in today’s fast-evolving economic and regulatory landscape.”
Under the Paris Agreement, nearly every country has committed to limiting global warming to well below 2C, with efforts to stay within 1.5C. To achieve this, global GHG emissions must peak before 2025 and decline by 43% by 2030 but current trajectories show the world is far off course.
Related Post
South African SMEs: Navigating the Path...
The State of South African Small Business 2025 report highlights that SMEs are increasingly the backbone of the national economy, with 83% r...
Energy Prices and Their Impact on...
The structural disparity in electricity costs when compared to the European average is a growing concern for micro and small businesses thro...
First Report by the Observatory on...
The First Report by the Observatory on SMEs and Capital Markets highlights that Italian SMEs increasingly see capital markets as an opportun...
