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  • Business - Companies
  • Updated: December 02, 2022

UNEP Harps On Empowerment Of SMEs

The United Nations Environment Programme (UNEP) has said it is important to empower Small and medium-sized enterprises to overcome today’s challenges which include climate change, nature loss, pollution, and the post-COVID-19 recovery.

It noted that SMEs are the game-changers of the transition towards more sustainability and circularity.

"Despite their contribution, however, they are frequently overlooked as actors who build forward better.

"Therefore, Green SMEs face major challenges in delivering their support, such as access to non-financial and financial support as well as in accessing markets and policymakers.

“To scale Green SME support for 2030, SEED, GO4SDGs and UNEP jointly build on their collective experiences to formulate lessons learned and critical next steps to inform this Sustainable SME Action Agenda.”

This Action Agenda targets key SME Stakeholders from the public and private sectors, including policymakers, financers, intermediaries, and SMEs.

“The Action Agenda invites all stakeholders to contribute through their experiences to the process of further developing and implementing the proposed future-proof Green SME Support Actions.

“These concrete support actions are designed through the lens of five key action areas of Green SME support such as Innovation, Non-Financial Support, Finance, Policy, and Market,” it remarked.

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