Analyzing Micro, Small and Medium Enterprises (MSMEs) through the Sustainable Development Goals | truCSR
The role of private finance, especially domestic commercial investment, in achieving sustainable development goals is critical. The degree to which small businesses build employment, develop skills, treat the environment, drive innovation, and promote growth is a key determinant of the development paths that countries eventually take. Countries will not be able to meet their sustainable development goals unless small businesses collaborate. Small, micro, and medium-sized businesses, which employ fewer than 250 people on average, are the backbone of ASEAN economies and a key source of the innovation and development needed to achieve the SDGs. Their participation has the potential to be transformative, offering a once-in-a-lifetime opportunity to move the world toward inclusive, sustainable, and resilient growth. Hence, it's critical to understand the role of MSMEs in economic activity, in creating jobs and incomes, particularly for the most vulnerable sections of the socie...