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UBQ Materials joins SME Climate Hub and commits to halve greenhouse gas emissions before 2030 towards net zero before 2050.
The SME Climate Hub is a groundbreaking climate action platform for small and medium-sized enterprises (SMEs) to curb carbon emissions, build business resilience and take climate leadership. It was launched at the start of the UN General Assembly Week and New York Climate Week by the High Level Climate Action Champion for the United Kingdom, Nigel Topping and is co-hosted by the International Chamber of Commerce (ICC), the Exponential Roadmap Initiative, the We Mean Business coalition and the United Nations Race to Zero campaign. The SME Climate Hub has received support from many leading entities and organizations, including BT Group, Ericsson, IKEA, Telia, Unilever, Amazon and Verizon.
The SME Climate Hub provides any business with less than 500 employees with the opportunity to publicly demonstrate its commitment to climate action by signing the SME Climate Commitment. Making the commitment means that your business will start to take immediate climate action in order to:
- Halve greenhouse gas emissions before 2030
- Achieve net zero emissions before 2050
- Disclose progress on a yearly basis
UBQ Materials has become one of the first signatories to the UN-recognized “SME Climate Commitment”, which forms part of the SME Climate Hub. In making this commitment, UBQ has pledged to halve its carbon emissions by 2030, achieve net-zero emissions by 2050 and to regularly report on progress towards these aims.
The SME Climate Hub will provide SMEs with a range of accessible tools and resources to help them reduce emissions and build business resilience. The platform will couple these tailored resources with opportunities for businesses to unlock direct commercial incentives – from government tax breaks to procurement preferences provided by major businesses such as BT Group, Ericsson, Ikea, Telia and Unilever, who have all agreed to work with their SME suppliers to improve climate performance and also provide concrete tools, share knowledge and exchange best practices for implementing robust climate strategies through the SME Climate Hub.
One of the most pressing existential threats to SMEs is climate emergency. It has the potential to slow economic growth by causing material damage; limiting resource availability; causing shifts in demand; leading to business interruptions and production disruptions; causing supply chain interference; and forcing business closures. With 40 to 60 percent of small businesses never reopening after a disaster, curbing carbon emissions and building business resilience is critical.
For more information about the SME Climate Commitment, visit: https://www.smeclimatehub.org/sme-climate-commitment
