SMEs making progress on transition planning

Almost two-thirds of SMEs now either have a transition plan or expect to have one within two years, according to new data.

The report by environmental disclosure organisation CDP said SMEs are a “critical but often overlooked” part of the global environmental transition as they represent roughly 90% of businesses worldwide and 60% of global business-related emissions.

The report said there were encouraging signs of progress, as SMEs strengthen the foundations needed to manage their environmental impacts and drive action.

Simon Fischweicher, CDP Chief Customer Success Officer, said: “The next step is helping SMEs turn preparation into progress: setting and achieving credible targets, investing in emissions reduction and embedding action throughout their businesses.”