Budget 2024 Expectations Live Updates: What MSMEs expect from Nirmala Sitharaman

Budget 2024 Expectations Live Updates: Anup Garg, Founder and Director of WOCE, said, "Government intervention is vital to integrate sustainable practices and ensure global competitiveness. MSMEs face financial and resource challenges, making it essential for the government to support sustainable investments."

MSMEs account for nearly 90% of businesses worldwide, contributing over 60% of CO2 emissions annually, including 110 million tonnes in India alone. “WOCE aims to help MSMEs reduce Scope 3 emissions - the indirect emissions from supply chains. With proper advisory and solutions, a global reduction of 10-15% in Scope 3 emissions is achievable,” says Anup Garg.

He adds, “MSMEs are the economy's backbone but often lack sustainability guidance. Our solutions help large corporates and MSMEs comply with ESG requirements, improve sustainability ratings, and drive global decarbonization." Last year, WOCE Solutions measured 127,511,197 kg of CO2e, including 23,923,100 kg from Scope 3 emissions.