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MSMEs are struggling to finance ESG integration despite contributing 3-4% of India’s carbon emissions; here's why

MSMEs are struggling to finance ESG integration despite contributing 3-4% of India’s carbon emissions; here's why

MSMEs, which contribute 3-4% of India's carbon emissions, are striving hard to integrate ESG practices into their businesses. but financing this transition is proving to be a challenge

Richa Sharma
Richa Sharma
Print Edition: 21 Jul, 2024
MSMEs, which contribute 3-4% of India's carbon emissions, are striving hard to integrate ESG practices into their businesses. but financing this transition is proving to be a challenge
MSMEs, which contribute 3-4% of India's carbon emissions, are striving hard to integrate ESG practices into their businesses. but financing this transition is proving to be a challenge

A national capital region-based chemical maker with under `100 crore in annual turnover approached Sculpt Partners, a sustainability-centric advisory firm, seeking environmental, social, and governance (ESG) assessment. The trigger was a demand from its customer, a large domestic manufacturer supplying rubber to global tyre players like Yokohama and Michelin, which sought to know its decarbonisation road map.