Peter Sweatman, of Climate Strategy, demands that these companies be given sufficient resources to meet the challenge of sustainability
Despite the role SMEs play in the Spanish economy as a whole (contributing to 61.5% of the gross value added in Spain, they generate 64.5% of employment and account for 99.8% of the business fabric, Most climate sustainability initiatives and regulations have focused on the environmental transition of large companies, leaving a gap in knowledge and action to help SMEs in their decarbonisation efforts, according to the report prepared by Climate Strategy & Partners, whose founder and CEO, Peter Sweatman, believes that small and medium-sized companies are “working on coping with these changes and are very committed and aware” of sustainability.
The report calculates that 50% of GHG emissions in Spain come from the activities of these companies. And he points out that “mobilizing and supporting the country’s decarbonisation is therefore a fundamental requirement to achieve the country’s target of net zero emissions while ensuring a fair and stable transition of the economy and employment. to ensure.”
This support is essential as they face a lack of resources to start and deepen their energy transition, according to Climate Strategy & Partners. In addition, SMEs in Spain are struggling to survive in a complex economic situation following the coronavirus crisis and the energy price shock exacerbated by the Russian invasion of Ukraine. “Increasing legislative pressure from Europe and at the national level is introducing new obligations for transparency and climate action that require greater ambition and an active positioning from SMEs,” the sustainability report said.
The text examines the current climate action situation, analyzes the challenges and benefits this transition poses in a context of energy crisis and identifies best practices for adopting and implementing climate action plans in smaller companies. After tracking, mapping and contacting SMEs across Spain, they conclude that the main barriers they face are mainly due to the “lack of funding and knowledge, which hinder robust and effective climate action” .
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
