SME Climate Hub launches platform for Indian MSMEs to cut carbon emissions

The initiative has been made possible through the valuable support of the Centre for Responsible Business (CRB) and the Aspen Network of Development Entrepreneurs (ANDE).

The SME Climate Hub, accessible online without charge, provides Indian MSMEs with a comprehensive suite of tools and resources to align with global climate objectives and efficiently manage, measure, report, and mitigate their carbon emissions. These invaluable resources encompass the Business Carbon Calculator, which aids in pinpointing emission sources for targeted reductions; the Climate Fit Education Course, offering easily digestible modules for initiating climate action; and a Reporting Tool that enables signatories to annually report emissions data, tracking progress and enhancing transparency with stakeholders like consumers, buyers, and investors.

Indian MSMEs are crucial for the nation’s pursuit of its net-zero emissions target. Although Indian MSMEs are increasingly embracing sustainability and climate action, they require the right knowledge and tools to enable them to take tangible, impactful steps towards achieving collective net-zero emissions.

Pamela Jouven, Director, SME Climate Hub, says, “The climate emergency requires rapid action across businesses of all sizes and sectors. MSMEs in India are proactively taking measures to be a part of the solution, and with additional support and guidance they can go much further and faster. The SME Climate Hub serves as an important starting point for businesses looking to begin their climate journey. By making the SME Climate Commitment and reducing emissions through the Hub’s tools and resources, MSMEs can cut costs, elevate their brand, navigate changing regulations and stay ahead of their competitors.”

Devyani Hari, Director, Centre for Responsible Business (CRB), says, “Businesses and their supply chains are extremely vulnerable to climate change and its impact on operations, infrastructure, availability of resources, and employee wellbeing. Despite barriers, an increasing number of small enterprises are taking initiative and embracing greenhouse gas reductions and other measures for sustainability. It is important to scale climate ambition amongst Indian MSMEs and unify them on a common platform to signal to the world that Indian MSMEs can and will lead the charge in global decarbonisation efforts.”

The SME Climate Hub is an initiative of the We Mean Business Coalition, the Exponential Roadmap Initiative, and the United Nations Race to Zero campaign, which simplifies and aids the decarbonisation process for MSMEs. This enables them to commit to and act upon climate targets aligned with limiting global temperature rise to 1.5°C.

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