There were few worldwide consensus in the #cop28uae, just over recently. Global Stocktake (GS) was emphasised in respect #globalboiling.
For the summation of observing the threshold of 1.5 degree celsius temperature rise to add up internationally, National Stocktake (NS) will be a core computation.
By 2030, #malaysia committed to 45% #carbonreduction on its #gdp, and that is Malaysia's NS target.
#msme accounted for 38.4% or RM580.4b (DOSM, 2022). Literal calculation, it amounts to that proportion of #carbon contributing to RM261.18b (2015 prices) of #malaysian gross domestic product.
#msme stocktake (MS) is important as micro, small and medium enterprises grew 11.6% in GDP, 3.8% in employment and 16.3% in exports.
Services sector employment of MSME stood at 50.1% (totalling 1,173,601 firms - SME Corp. Malaysia, 2022), constituted 16.4% of GDP, by far the single largest sectoral MSME driver of #malaysian economy.
#decarbonization is the hardest at the level of MSME due to #esg awareness, adoption, data capture, capability and capacity, handholding and incentives/aids, reporting and disclosure, etc.
Broadly, the soft spot on GS lies in MS as NS is easy to count with the Non-msme Stocktake (NMS), chiefly #mnc, #glc and #glic, and large corporate that readily embrace, promote, champion and lead in #environmentalsocialandgovernance practices.
By mathematical equation, thus:
GS = NS (of all nations)
where NS = MS + NMS.
The globe as a whole must be serious about GS, an outcome without double counting, and avoiding #greenwashing, #greenhushing or graywashing (defined as doing all things #sustainable but not accounting and disclosing for #carbonfootprintreduction).
The ideal Malaysian (and the world, perhaps) #esg resolution for 2024 is therefore MSME Stockcount, with 2023 drawing to a close today!
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