SME Climate Commitment: Definition
The SME Climate Hub commits small and medium-sized enterprises to halve emissions by 2030 and attain net-zero emissions by 2050.
For Sustainability Managers
Understanding SME Climate Commitment is essential for accurately tracking and reducing your organisation's carbon footprint.
For CFOs
SME Climate Commitment has growing financial implications as climate regulation tightens and investors demand transparency.
For Sustainability Reporting
Accurate measurement of SME Climate Commitment is required for credible climate reports across all major frameworks.
Related Terms
Climate positive
A business is climate-positive (or carbon-negative) when its activities result in a reduction of carbon in the atmosphere, going beyond achieving net-zero emissions.
Life cycle assessment (LCA)
Life cycle assessment (LCA) assesses the environmental impact of a product or service throughout its entire life cycle, from raw material extraction to final disposal.
SMEs
Small and medium-sized enterprises (SMEs) constitute a category of businesses defined by staff count and annual turnover, with these criteria varying globally.