Your measure to become greener and competitive

Countries and companies around the globe are committing to achieving the United Nations Sustainable Development Goals by 2030. Small and Medium sized Enterprises (“SMEs”) represent over 90% of global enterprises, but little has been done to enable them to join the ongoing transitiono an inclusive green economy.

ICC and GIST are partnering to offer SMEs access to a digital platform with impact analysis and relevant industry benchmarks. This “Software-as-a-Service” or S.a.a.S platform is user friendly, simple, collaborative, and affordable. SME360X will help small businesses manage their operations more efficiently, improve their environmental performance, and become part of the new sustainable economy.

What is SME360X?

SME360X is a digital assessment tool for MSMEs to measure and value their impact on the
environment. The assessment is based on the following key performance indicators:

SME360X enables entrepreneurs to compare themselves with their regional, national, and sectoral competitors. This platform will empower small businesses to make more sustainable decisions and become more profitable. On top of that, the platform provides pragmatic advice on how companies can take environmentally responsible actions.

Why should businesses and supply chain leaders use SME360X?

• After a business enters its environmental data on SME360X, the platform will automatically provide an estimated sustainability score and an assessment based on a global sustainability benchmarking system.
• This Performance of Impact on Environment (PIE) score provides an “economic value” on their impacts on nature, advancing the existing ESG methodologies.

• SME360X is a practical and affordable tool that allows small enterprises to be aware of their sustainability impact and make the right decisions towards a green transition.
• SME360X generates annual statistics that can position SMEs to have enhanced access to finance. Financial institutions using the platform will be able to provide lower interest rates, increased access to capital and affordable insurance.
• Information provided by SMEs will be fully secure due to the platform’s highly protected blockchain system.

Who can use SME360X?
1. SMEs to evaluate the environmental impact of their business activities. SMEs using SME360X can:

• make informed decisions, manage risks, communicate powerfully about impacts, and increase business value.
• open up access to certain value chains.
• improve access to capital and reduce the cost of capital.

2. Chambers of Commerce and Industry Associations can encourage their members to use the platform, giving them the advantage of being first movers in this space.
3. Banks and Private Equity Investors can integrate the platform into their due diligence process which will:

• add to their data gathering processes.
• allocate environmental impact scores (PIE Scores) to companies in their loan or investment portfolios.
• enable meaningful comparisons within and across sectors.

4. Supply Chain Leaders can integrate the platform into their vendor registration processes which will:

• add to their data gathering processes.
• level the playing field by allocating environmental impact scores (PIE Scores) to companies in their supply chains.

Global sustainability certification

Based on the benchmarking PIE Score calculated by the platform, ICC and GIST will establish a global certification for sustainable SMEs to ensure that their sustainability practices are
recognized throughout supply chains.
SME360X’s certificate will offer recognition for supply chain leaders and SMEs that are committed to including climate-related targets and performance criteria across their business models. By using the PIE score, supply chain leaders can formalise climate action in their procurement policies and gain a competitive edge in their markets.