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The SME Climate Commitment is a global initiative encouraging small and medium-sized enterprises (SMEs) to take climate action. By committing, SMEs pledge to halve their emissions by 2030 and achieve net-zero by 2050, aligning their business practices with ambitious climate goals.
The SME Climate Commitment is designed to engage small and medium-sized enterprises (SMEs) in ambitious climate action. Recognizing the significant impact of SMEs on the economy and their potential in addressing climate change, the initiative aims to empower these businesses to take immediate action towards reducing their greenhouse gas emissions.
02
Scope
This commitment is targeted at SMEs worldwide, which make up a large portion of global businesses and employment. By engaging this sector, the SME Climate Commitment aims to create a substantial impact in reducing global emissions and building resilience against climate risks.
03
Methodology
SMEs that commit to this initiative pledge to halve their greenhouse gas emissions before 2030 and achieve net-zero emissions before 2050. They are also required to disclose their progress annually. To support SMEs in this endeavor, the SME Climate Hub provides various tools and resources, such as an educational course, a carbon emissions reporting framework, a carbon calculator, and a financial support guide. These resources are designed to assist SMEs in effectively measuring and reporting their emissions and integrating climate action into their business models.
04
Impact
The SME Climate Commitment is part of a broader movement to mobilize all sectors of the economy towards climate action. By involving SMEs, which have traditionally been less focused on in climate discourse, the initiative seeks to ensure that climate action is inclusive and covers a significant portion of the global economy. The commitment not only helps SMEs reduce their environmental impact but also enhances their competitiveness and resilience.
05
Key Requirements
To participate in the SME Climate Commitment, businesses need to formally commit to the emission reduction targets and engage in regular reporting of their progress. They are encouraged to utilize the tools and resources provided by the SME Climate Hub to understand their emission hotspots and develop strategies for reduction. Participating SMEs gain recognition from the United Nations Race to Zero campaign and join a global community committed to similar goals.
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