COP26: Why investing in SMEs is key to tackling climate change
Over the past few months, the world and its leaders have been asked to think big when it comes to tackling climate change. COP26 has produced a number of historic agreements and pledges from governments around the globe, but ultimately, as ever, much of the change will come from individuals, businesses and investors. This makes it clear as to why investing in SMEs will be so important to tackling climate change.
Working with small businesses, founders, and investors every day gives me tremendous optimism for the future, not only in tackling climate change, but also in creating a more prosperous economy with sustainability and innovation at its heart. Investing in these ambitious founders and the companies they create will be key to reaching the goals that COP26 has set out.
In the past few years IW Capital have invested in a number of fantastic companies that are working to tackle climate change as well as issues with sustainability and dealing with pollution.
A prime example of this is SaveMoneyCutCarbon, a company that helps businesses and homeowners take practical steps in becoming more sustainable, cutting energy & water bills, resulting in reduced carbon emissions, a key service for businesses looking to make a difference.
From schools, hospitals, hotels, warehousing operators, and public sector organisations to thousands of homes across the country, SaveMoneyCutCarbon’s customers collectively save over 727 million litres of water and 23 million kWh of energy each year, delivering a carbon reduction of 6,765 tonnes per annum from completed projects and products sold on its online platform. The carbon reduction alone is equivalent to travelling 23.24 million miles in an average petrol car. https://www.savemoneycutcarbon.com
Another example, dealing more with problems in environmental pollution, is LAT Water Limited, a company set up to develop and implement new approaches to renewable energy powered desalination, water and waste water treatment. A key tenet of ensuring that construction and waste treatment remains environmentally friendly. https://latwater.co.uk
The COP26 summit provides a focal point for the world and the business community to focus on tackling not only carbon emissions but wider environmental issues. It is, however, the businesses themselves and the investors that back them that will really push the world economy to effectively tackle climate change.
This desire to support the innovators and business leaders of tomorrow is clear to see from the media and wider public. This is also true of what we have seen at IW Capital, investing in a number of green, innovative growing businesses throughout the pandemic with the support of our investor base.