As we commemorate the 2024 International Micro-, Small, and Medium-sized Enterprises (MSMEs) Day, we are just six years from the 2030 deadline to achieve the Sustainable Development Goals (SDGs). This year’s MSMEs Day theme is centered on leveraging the Power and Resilience of MSMEs to accelerate sustainable development and eradicate poverty in times of multiple crises. The MSMEs sector represents over 90 percent of all businesses globally, it is imperative for it to adapt to the global macro environment challenges presented by changing economies, technological developments, and social and political paradigms. Many countries continue to face a range of unique and interconnected development challenges, including a cost-of-living crisis, constrained fiscal space, obstacles to accessing new sources of development and climate financing, and conflicts. These valuable strategies will help MSMEs adapt to the macro-economic challenges🌍: 🤝 Collaboration: pooling resources with other MSMEs can lead to cost savings. Joint ventures or shared clean energy projects can be beneficial. 🏛 Government Incentives: explore government subsidies, tax breaks, and grants related to clean energy adoption. These can offset initial investment costs. ⏺ Diversification: MSMEs should diversify their markets and supply chains. Overreliance on a single market or supplier can be risky. 📝 Scenario Planning: regularly assess geopolitical risks and create contingency plans. Understand how changes in trade policies, sanctions, or political instability could impact your business. 👩🏫 Collaborate with Experts: seek advice from geopolitical experts or consultants to stay informed about global developments. This could meaningfully contribute innovative solutions to the challenges of our time and drive forward inclusive growth and shared prosperity.
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State of Transition Report 2024 Executive Summary: Jointly prepared by the The London School of Economics and Political Science (LSE) and the Transition Pathway Initiative (TPI) , the State of Transition Report 2024 analyzes the progress of #globalcompanies in transitioning to a #lowcarboneconomy. It evaluates #corporatestrategies and alignment with #internationalclimategoals, particularly the #ParisAgreement. Introduction: This report highlights the essential role of #businesses in achieving #sustainability. It assesses how companies adapt practices to reduce #emissions and manage #climaterisks while examining the alignment of corporate strategies with #netzero pathways. Key Findings: Evaluating over 400 companies from carbon-intensive sectors, the report reveals a mixed picture of progress: Leaders and Laggards: A growing number of companies are taking strong action towards carbon neutrality, yet many remain behind with insufficient strategies and disclosures. Sectoral Insights: The #energy and #utilitiessectors show significant advancements due to regulatory pressures, while #heavyindustries and #transportation face #challenges in #decarbonization. Climate Risk and Financial Performance: There is a positive correlation between strong climate strategies and financial performance, with leading firms gaining investor confidence and market advantages. Challenges and Opportunities: Key challenges include inconsistent #climatepolicies and limited #financing in developing regions. However, #opportunities arise from #cleanenergy advancements and #circulareconomy practices that can accelerate decarbonization. Recommendations: The report outlines recommendations for various stakeholders: For Companies: Set science-based emissions reduction targets and enhance transparency. For Investors: Pressure companies to adopt strong climate plans. For Policymakers: Strengthen regulatory incentives to promote corporate compliance and improve access to sustainable financing. Conclusion: The State of Transition Report 2024 stresses that while progress is evident, the transition pace is insufficient to meet climate goals. Urgent action from companies, investors, and governments is crucial for systemic change. LSE and TPI highlight the importance of continuous monitoring and transparent reporting in this #transition.
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In the face of #ClimateChange, Inclusive Green Finance (IGF) policies offer a lifeline for small businesses. As Micro-, small and medium-sized enterprises (#MSMEs) in developing countries bear the brunt of climate change—especially women-owned small businesses—IGF policies emerge as a vital solution. These policies provide the financial support needed to overcome climate-related challenges, empowering small enterprises to adopt sustainable practices and drive resilience. By addressing the unique barriers faced by MSMEs, IGF ensures they can thrive in a low-carbon, sustainable economy. 👉To learn more, download the AFI report “Green Transition Measures for MSMEs”: 🔗 https://bit.ly/4cfUzWH International Development Research Centre (IDRC) #InclusiveGreenFinance #SustainableEconomy #ResilientFinance #SDG13 #AccessToFinance
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In his recent interview with Srijana Mitra Das, Karl P. Sauvent, Senior Fellow at the Columbia Center on Suustainable Investment (CCSI) and law teacher at Columbia University, outlined the role of sustainable development and the G7 can play in the era pf climate change. To invest in sustainable FDI, host and home countries must make sure that they are not damaging to either of them and increase positive effects that are important to them eg. Investing in domestic firms to upgrade and give world market access to them, investing in carbon-neutral projects, contributing in a positive way to the environment. https://lnkd.in/gpjpx5M9
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How can sustainable SME growth be accelerated in Southeast Asia (SEA) in an uncertain business environment? The environment for SMEs in SEA and across the world has changed significantly, and increased uncertainty and disruption seems likely to be here to stay in the face of demographic change, geopolitical instability, climate change, and technological innovation. Governments concerned about sustainable economic growth and human capital development need to ensure that SMEs are provided with the right type of support. This means more than just traditional small-company support schemes. We discuss here: https://lnkd.in/gTAPFyQ7 #sustainability #SMEs #economy
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🌍💰 Unlocking the Power of Sustainable Finance in the New Era 💰🌍 In today's rapidly evolving landscape, sustainable finance has emerged as a critical driver of economic resilience and societal progress. Here's why it's essential for countries in the new era: 1️⃣ Resilient Economies: Sustainable finance fosters economic resilience by directing capital towards environmentally sound and socially inclusive investments, mitigating risks associated with climate change, resource scarcity, and social inequality. 2️⃣ Long-Term Growth: By prioritizing sustainable investments, countries can stimulate innovation, drive productivity, and unlock new opportunities for long-term economic growth while safeguarding natural resources and promoting social well-being. 3️⃣ Global Leadership: Embracing sustainable finance positions countries as leaders in the transition towards a low-carbon, inclusive economy, enhancing their competitiveness on the global stage and attracting investments aligned with sustainability principles. As we navigate the complexities of the new era, let's harness the potential of sustainable finance to build resilient economies, foster inclusive prosperity, and create a more sustainable future for generations to come. #SustainableFinance #EconomicResilience #InclusiveGrowth #ClimateAction #globalleadership #sdgs2030 #unasdg #GlobalGoals #finanace #Investment #fundingsolutions #fundingopportunity ☆Khawaza Afsar Imam☆
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How does geopolitical fragmentation impact sustainable investments? A recent ACI study reveals that over 70% of sustainable investments in the alternative investment space flow to countries with similar geoeconomic orientations. Leveraging this trend with caution, #ASEAN can enhance its attractiveness as a destination for sustainable investments. Learn more in our #researchfeature on ACI Perspectives: https://lnkd.in/gaamPJPd Research by: Jingting Liu, Ulrike Sengstschmid Blog article by: Ni (Scarlet) Xu #NUSResearch #lkyspp #SustainableInvestment #GreenEconomy #SustainableDevelopment #InvestmentTrends #ClimateFinance Lee Kuan Yew School of Public Policy
Bridging Blocs: ASEAN’s Opportunities in Sustainable Finance amid Geoeconomic Fragmentation
http://aciperspectives.com
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Discover green investment trends from the FTSE Russell Green Economy report. We look at the next phase of growth. https://lseg.group/3LVsTvf #SustainableGrowth
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Just wow. So the #greeneconomy is 4th in market capitalisation after technology, industrial goods and services and healthcare, approaching 10% of listed equities. Definitions matter and there's a lot in the fine print, of course. Brilliant report worth reading and sharing. Thanks Jane Goodland #greeninvesting #marketinsight
Discover green investment trends from the FTSE Russell Green Economy report. We look at the next phase of growth. https://lseg.group/3LVsTvf #SustainableGrowth
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The socioeconomic implications of the transition: Analytical framework for a whole-of-government approach “The economic transition to net zero emissions implies a transformation of unsustainable economic activities with unmanaged environmental and social externalities to more sustainable, inclusive, resilient growth models. Understanding and managing the socioeconomic factors at play will be instrumental in achieving a transition that is both economically successful and socially acceptable. The effective implementation of net zero policies will ultimately depend on whether transition pathways can produce social gains and garner widespread support across diverse societal groups.” Link to the Principles for Responsible Investment report: https://lnkd.in/e4CEMcu4 #netzero #economics #engagement #socialimpact #transitionpathways #growthmodels #externalities #socialgains #investments #responsible #transition #inclusive #sustainable #policymaking
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