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News from 2021-12-09 / KfW Research
German SMEs invest EUR 22 billion in climate action to remain viable and competitive
Germany’s transition to climate neutrality by the middle of the century is a key challenge. As a crucial element of the business ecosystem, SMEs have a particular responsibility. Now for the first time SMEs’ climate action investments can be quantified on the basis of the KfW SME Panel. In 2020, around 460,000 SMEs invested a total of EUR 22 billion in measures that also serve to protect the climate. In other words, roughly one in ten euros invested by SMEs went to climate action projects. Furthermore, three in ten enterprises are planning to increasingly invest in climate change adaptation measures in order to improve their crisis resilience to climate impacts. Larger enterprises and manufacturers generally exhibit greater commitment. This is where the potential for reducing greenhouse gas emissions is greatest. But the services sector will also be crucial for achieving climate neutrality.
