SMEs can benefit from integrating growth with environmental sustainability. Here's why

 

Industrial companies are accelerating efforts to make environmental sustainability an imperative in a bid to achieve net zero by 2050 or sooner.
SMEs and mid-sized companies lack the resources of larger ones to dedicate to sustainability, despite being key players in the industrial transformation.
Here's how a business investment mindset that acts on sustainability and advances the net-zero journey can unlock three key benefits for SMEs.


Accounting for about 30% of global greenhouse gas emissions, the industrial sector is accelerating its efforts to achieve net zero by 2050 or sooner and make environmental sustainability an imperative in response to the growing urgency of climate change.



Indeed, findings from the Climate Action 100+ 2023 report shows that 77% of the companies surveyed now commit to net zero across at least Scope 1 and 2 emissions.


And there are economic benefits too – a 2023 study of publicly listed companies found that organizations which outperformed on profit, growth and environmental, social and governance (ESG) saw greater revenue increases than companies that only outperformed on profit and growth.                  

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