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Canadian initiative for manufacturing SMEs to navigate the transition to a low carbon economy
Quebec Net Positive , an independent not for profit think tank , has launched SMEs in Transition , a new collaborative action research initiative for Quebec ’ s small- and medium-sized enterprises ( SMEs ) in the manufacturing sector and the business ecosystem that supports them . This initiative , conducted in collaboration with regional collaborators , practitioners , experts and academic researchers , will continue through to January 2025 and aims to evaluate the relevance and impact of various engagement approaches to sustainability .
HE INITIATIVE AIMS to ;
T strengthen the willingness and capacity of manufacturing SMEs to implement climate action and activate a business ecosystem conducive to accelerating the transition to a low carbon and net positive economy .
As the transition to a low carbon economy accelerates , manufacturing companies feel challenged but are slow to act . Eightyseven percent of Quebec manufacturing companies believe it is urgent to reduce greenhouse gas ( GHG ) emissions and 81 % agree that companies have a central role to play in reducing GHGs . Yet , 49 % say they are not implementing any climate action in their operations , according to the results of the Business Transition Barometer – Manufacturing Sector , released by Québec Net Positif in April .
“ Achieving carbon neutrality for Quebec and Canada by 2050 and the Quebec government ’ s GHG emission reduction targets of 37.5 % by 2030 , below the 1990 level , will result in a profound transformation of the economic fabric of all regions of Quebec ,” said Anne-Josée Laquerre , Executive Director & Co-founder of Quebec Net Positive . “ It is vital for the Quebec economy as a whole that its 250,000 or so SMEs , which employ more than two million workers , are aware of the risks and opportunities of this transition and engage in it successfully .”
According to the Business Transition Barometer – Manufacturing Sector , manufacturing businesses actually perceive more benefits and opportunities related to climate action and the transition to a low carbon economy than Quebec businesses overall ( 30 % vs . 21 %). They identify the main business opportunities as being the
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AS THE TRANSITION TO A LOW CARBON ECONOMY ACCELERATES , MANUFACTURING COMPANIES FEEL CHALLENGED BUT ARE SLOW TO ACT .
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