Small and Medium-sized Enterprises (SMEs) are at the heart of our economies and societies and play a crucial role in achieving global climate goals. They represent over 90% of businesses and 50% of greenhouse gas emissions globally.
Our research shows a growing paradox: while more SMEs recognize the importance of climate action, the barriers to taking effective action are also increasing. This widening gap demands urgent attention.
The challenge: the need to take climate action is intensifying, with more SMEs reporting that they have been directly impacted by climate change. 70% report experiencing direct effects on their business in the past year. These impacts include supply chain disruptions (39%), damage to assets or property (25%), and loss of productivity (24%).
Launching a coalition to shape sustainable procurement practices and close the $1.1 trillion funding gap for social enterprises.
Small and Growing Businesses (SGBs) are crucial for economic growth but often lack access to financing. Discover how Business Development Services (BDS) equip these enterprises with the tools and knowledge they need to thrive, fueling sustainable development and creating jobs.