Which SMEs are greening?: Cross-country evidence from one million websites
Small and Medium-sized Enterprises (SMEs) could play a pivotal role in the pursuit of climate objectives. SMEs have a significant carbon footprint on aggregate, but they can also contribute to reaching net zero through their innovations and commitment to the use of environmentally friendly practices...
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| Main Author: | |
|---|---|
| Other Authors: | , , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2024
|
| Series: | OECD SME and Entrepreneurship Papers
no.60 |
| Subjects: | |
| Online Access: | DE-863 |
| Summary: | Small and Medium-sized Enterprises (SMEs) could play a pivotal role in the pursuit of climate objectives. SMEs have a significant carbon footprint on aggregate, but they can also contribute to reaching net zero through their innovations and commitment to the use of environmentally friendly practices. This study develops a novel metric to identify environmental engagement, also referred to as "greening". The study harnesses the power of machine-learning and analyses the content of over one million websites of firms from 15 OECD countries encompassing about 10 billion words. Greening is identified based on firms' self-declared information about products or processes on their websites. The resulting indicator is then evaluated considering firms' characteristics. The results show that: (1) About one-third of SMEs are environmentally engaged, albeit with considerable variations across countries; (2) Greening SMEs are more productive, pay higher wages and their sales grow faster than non-greening SMEs; (3) Solar energy is the most cited action among greening SMEs, followed by recycling and energy efficiency, (4) Sectors with higher greenhouse gas emission reduction over the past decade also display higher levels of environmental engagement. |
| Physical Description: | 1 Online-Ressource (51 Seiten) 21 x 28cm. |
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| spelling | Wildnerova, Lenka VerfasserIn aut Which SMEs are greening? Cross-country evidence from one million websites Lenka, Wildnerova ... [et al] Paris OECD Publishing 2024 1 Online-Ressource (51 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD SME and Entrepreneurship Papers no.60 Small and Medium-sized Enterprises (SMEs) could play a pivotal role in the pursuit of climate objectives. SMEs have a significant carbon footprint on aggregate, but they can also contribute to reaching net zero through their innovations and commitment to the use of environmentally friendly practices. This study develops a novel metric to identify environmental engagement, also referred to as "greening". The study harnesses the power of machine-learning and analyses the content of over one million websites of firms from 15 OECD countries encompassing about 10 billion words. Greening is identified based on firms' self-declared information about products or processes on their websites. The resulting indicator is then evaluated considering firms' characteristics. The results show that: (1) About one-third of SMEs are environmentally engaged, albeit with considerable variations across countries; (2) Greening SMEs are more productive, pay higher wages and their sales grow faster than non-greening SMEs; (3) Solar energy is the most cited action among greening SMEs, followed by recycling and energy efficiency, (4) Sectors with higher greenhouse gas emission reduction over the past decade also display higher levels of environmental engagement. Economics Industry and Services Environment Menon, Carlo MitwirkendeR ctb Dehghan, Robert MitwirkendeR ctb Kinne, Jan MitwirkendeR ctb Lenz, David MitwirkendeR ctb |
| spellingShingle | Wildnerova, Lenka Which SMEs are greening? Cross-country evidence from one million websites Economics Industry and Services Environment |
| title | Which SMEs are greening? Cross-country evidence from one million websites |
| title_auth | Which SMEs are greening? Cross-country evidence from one million websites |
| title_exact_search | Which SMEs are greening? Cross-country evidence from one million websites |
| title_full | Which SMEs are greening? Cross-country evidence from one million websites Lenka, Wildnerova ... [et al] |
| title_fullStr | Which SMEs are greening? Cross-country evidence from one million websites Lenka, Wildnerova ... [et al] |
| title_full_unstemmed | Which SMEs are greening? Cross-country evidence from one million websites Lenka, Wildnerova ... [et al] |
| title_short | Which SMEs are greening? |
| title_sort | which smes are greening cross country evidence from one million websites |
| title_sub | Cross-country evidence from one million websites |
| topic | Economics Industry and Services Environment |
| topic_facet | Economics Industry and Services Environment |
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