THE BUSINESS OF INTERNATIONAL TRADE
As part of New York Climate Week, a coalition of international organisations has launched a new initiative known as the SME Climate Hub, which aims to support SMEs across the world to take action on carbon reductions as part of efforts to improve environmental awareness throughout global supply chains.
The initiative is being co-hosted by international trade connected bodies, including the International Chamber of Commerce (ICC), the Exponential Roadmap Initiative, the We Mean Business coalition, and the United Nations Race to Zero Campaign.
The goal of the SME Climate Hub is to encourage small and medium sized businesses to commit to halving their greenhouse gas emissions by 2030, and reaching net-zero emissions by 2050. Those SMEs who commit to these goals will be recognised by the UN's Race to Zero Campaign, and will have access to tools and resources designed to help them reduce emissions whilst also building business resilience.
Discussing the Hub, John W.H. Denton AO, Secretary General of the International Chamber of Commerce (ICC), explained that "Addressing climate change has never been so business critical. We are delighted to partner with like-minded organisations to bring to life the SME Climate Hub and help support the companies that make up the backbone of our global economy, in the face of the increasing risks of climate change. We want to make it as easy as possible for small and medium-sized businesses to protect and grow their business".
Nigel Topping, UK High Level Climate Action Champion for COP26 (The 2021 United Nations Climate Change Conference), added that "The SME Climate Hub will support companies to expand their climate commitments across their entire value chain, enabling SMEs – which represent over 90% of the world's businesses – to Race to Zero. This will be an exciting turning point, and we look forward to seeing exponential growth in corporate net zero commitments as we work towards COP26".
For more information on the SME Climate Hub, go to smeclimatehub.org
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