Strategies for SMEs to Combat Climate Change

Elisa Moscolin

Executive Vice President for Sustainability and Foundation

In this video, Elisa highlight’s the crucial role of Small and Medium-sized Enterprises (SMEs) in combating climate change through the journey of Alana's Cup Cake Shops. She present a four-step process for decarbonisation: calculating emissions, setting targets, engaging staff and suppliers, and communicating progress.

IT sector

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Strategies for SMEs to Combat Climate Change

9 mins 47 secs

Key learning objectives:

Understand the environmental impact of SMEs and their role in achieving net-zero emissions
Identify key steps for SMEs to calculate their carbon footprint and set emissions reduction targets
Outline the importance of engaging stakeholders in sustainability efforts and transparent communication

Overview:

In the face of a global climate crisis, addressing sustainability is crucial for all businesses, especially Small and Medium-sized Enterprises (SMEs). These enterprises play a significant role in emissions, highlighting the need for effective strategies to reduce their carbon footprints. A systematic approach involves calculating emissions, setting reduction targets, engaging stakeholders, and communicating progress transparently. Although challenges exist, SMEs can access numerous resources and support to facilitate their transition toward a more sustainable future, ultimately benefiting their operations and the environment.

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Summary

What are the key steps for SMEs to calculate their carbon footprint and set emissions reduction targets

Step 1 - Calculate company’s carbon footprint
Step 2 - Set a target and create a strategy to get there
Step 3 - Bring staff, suppliers and customers along
Step 4 - Communicate net zero target and actions taken to reach it

Why is stakeholder engagement important in the sustainability efforts of SMEs, and how can they effectively communicate their progress?

Engaging stakeholders, including employees, suppliers, and customers, is vital for building support and collaboration in sustainability initiatives. SMEs can effectively communicate their commitments and progress through regular updates, transparency in reporting, and by sharing success stories to enhance their brand recognition and customer loyalty.

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Elisa Moscolin

Elisa Moscolin is a sustainability professional with a track record of driving this agenda in global blue-chip organisations. She advises Boards and Executive teams on sustainability strategy and execution. She has worked in the ICT and Financial Services sectors. Elisa is currently Executive Vice President for Sustainability and Foundation at Sage Group plc.; Sage is a global market leader for technology for small and medium businesses and Elisa is leading its sustainability agenda. Elisa has previously worked for Vodafone Group in global and local roles in Italy, the UK and Kenya. In Kenya she worked with Safaricom, a subsidiary of Vodafone which developed M-Pesa, the iconic mobile-based money transfer and banking platform that has greatly improved financial inclusion in the country. She is an alumni of Cambridge Institute for Sustainability Leadership and holds a Master’s Degree in International Studies and Diplomacy. Elisa’s professional ambition is to contribute to shifting the business community toward more ethical and responsible business practices.

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