The UN Global Compact Network UK and the Science Based Targets Initiative are hosting a webinar series to support companies to overcome common challenges related to setting and implementing science-based targets. This webinar, the second in the series, will focus specifically on small and medium-sized enterprises (SMEs).
SMEs will play a critical role in the global response to climate change. According to the World Bank, they make up about 90% of businesses and account for 50% of employment worldwide. There is an acute awareness of the risks they face from climate change, and growing interest in the opportunities presented by taking climate action.
Setting a 1.5°C aligned science-based target is one of the most effective ways for businesses to demonstrate the highest level of climate action ambition. However, the major challenge for SMEs is that many lack the capacity and means to set these targets.
This webinar aims to support SMEs to set science-based targets by exploring the common challenges that SMEs face such as capacity, priorities, long-term outlook and cost and how to overcome these. The webinar will also provide an overview of the new target validation route produced for SMEs by the SBTi, and provide practical tips for setting and meeting targets. The webinar will feature expert guidance and best practice examples from business case studies.