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Edited News , Press Conferences | UNOG
Small businesses unprepared for pandemic-sized climate shock ‘every decade’: ITC
Small businesses which make up more than half of the global workforce were 2.5 times more likely to go under than larger firms in the first months of COVID-19, the International Trade Centre (ITC) said on Wednesday, warning that the impact of climate change is likely to cause pandemic-scale disruption “every decade”.
Highlighting the lack of investment in environmental adaptation among micro and small businesses in less-developed economies, ITC Executive Director Pamela Coke-Hamilton noted that only 38 per cent of small businesses had taken action, compared to 60 per cent of large firms.
“The pandemic has shown that the resilience of businesses matter,” she told journalists at UN Geneva, noting also that small businesses accounted for 50 per cent of global emissions.
“It has also laid bare a resilience divide between small and large firms. Developed countries have the financial means to sustain their economies and protect the most vulnerable. But most developed and least developed countries are unable to do the same.”
Ms Coke-Hamilton added that if such resilience among micro and small businesses was necessary during the pandemic, “it will be even more crucial in addressing climate change. The economic disruption of climate change is expected to be like that of a COVID-19-size pandemic happening every decade. Going green is a survival imperative; the longer firms take to act, the higher the costs become.”
Presenting the agency’s latest report, SME Competitiveness Outlook 2021: Empowering The Green Recovery, ITC Chief Economist Barbara Ramos insisted that governments needed to understand the level of vulnerability of small firms in the first year of the pandemic.
“We need to learn from COVID in order to increase the resilience of small firms….Our SME report last year showed that two out of three micro and small firms were strongly affected by the pandemic, and that’s compared to half of large firms; we know that. We also know that one in four micro firms were at risk of shutting down within three months and this is compared to one in 10 large firms.”
This matters, Ms. Ramos insisted, because companies that managed to withstand the economic downturn caused by COVID-19 “were five times less likely to fire employees during the crisis. And if you add to that the fact that SMEs employ a large share of the world’s population, their resilience really does matter.”
To help small businesses rebuild from the pandemic and prepare for the climate crisis while becoming more competitive, Ms. Coke-Hamilton maintained that urged they will need the support of a network of private and public partners to boost their means to withstand future shocks.
To guide this process, ITC’s report provides a 20-point Green Recovery Plan to help small businesses become more competitive, resilient and green.
“During the pandemic, the liquidity of banks especially in the Caribbean was upwards of $9 billion, but somehow they lacked the ability to attribute value to the green transition process and what this will mean,” she said, urging governments to advocate with financial institutions “to help them understand the long-term strategy and the need to invest.”
According to ITC, nearly 60 per cent of African companies that invested in greening their enterprise said that this led to new, higher-quality and more products. Access to new markets was also a byproduct of this investment along with lower costs.
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Edited News | WHO , OCHA
Gazans ‘in terror’ after another night of deadly strikes and siege
Amid reports that Israeli strikes across Gaza into Friday killed at least 64 people, aid teams once again pushed back strongly at allegations that aid is being diverted to Hamas and pleaded for the blockade to end.
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Press Conferences | OCHA , WHO , OHCHR , UNCTAD
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the spokespersons of the Office for the Coordination of Humanitarian Affairs, the World Health Organization, the United Nations Trade and Development, and the United Nations Refugee Agency.
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Press Conferences | WHO
Launch of World Health Statistics 2025
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Edited News | OHCHR , UNOG
Deportations over recent months of large numbers of non-nationals from the United States of America, especially to countries other than those of their origin, raise a number of human rights concerns, the UN Human Rights Chief Volker Türk warned on Tuesday.
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Edited News | WHO
Gaza: Over 50 child malnutrition deaths amid aid blockade; entire generation will be ‘permanently affected’ - WHO
In the aid desert of Gaza, malnourished children are dying while survivors can expect a lifetime of dire health problems, the UN World Health Organization (WHO) said on Tuesday.
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Press Conferences | ILO , OHCHR , WHO , UN WOMEN
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the representatives and spokespersons of the Office of the High Commissioner for Human Rights, the World Health Organization, the International Labour Organization, and UN Women.
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Press Conferences | UNRWA , UNICEF , OCHA , WHO , ITU , WFP , UNHCR
Rolando Gómez of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, attended by spokespersons and representatives of the United Nations Relief Works Agency for Palestine Refugees in the Near East, the United Nations Children’s Fund, the United Nations Office for the Coordination for Humanitarian Affairs, the World Health Organization, the World Food Programme, the United Nations High Commissioner for Refugees and the International Telecommunications Union.
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Edited News | WHO , UNICEF , UNRWA
Israel’s aid plan will force Gaza families to choose ‘between displacement and death’ – UN humanitarians
Israel’s plan to take control of relief assistance in Gaza risks increasing the suffering of families already exhausted by 18 months of war by putting their lives in danger and inciting more displacement, using aid as “bait”, UN humanitarians said on Friday.
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Press Conferences | UNDP , UNHCR , WHO , UNECE , OCHA , WMO
Rolando Gómez, for the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the representatives and spokespersons of
the United Nations Development Programme (UNDP), the United Nations Refugee Agency (UNHCR), the World Health Organization (WHO), the United Nations Economic Commission for Europe (UNECE), the World Meteorological Organization (WMO) and the Office for the Coordination of Humanitarian Affairs (OCHA).
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Edited News | OCHA , WHO
UN Humanitarians reject Israeli plan to take over aid delivery
The reported Israeli proposal to deliver humanitarian supplies through hubs controlled by the military would be a breach of the core principles of neutral, impartial and independent aid delivery, the UN aid coordination office, OCHA, said on Tuesday.
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Edited News , B-roll | OCHA
Gaza: ‘Worst-case scenario’ unfolds as two-month aid blockade deepens suffering - OCHA
Two months into a devastating aid blockade of Gaza food has run out and people are fighting over water amid relentless bombing, the UN’s humanitarian affairs coordination office (OCHA) said on Friday.
/Includes OCHA footage from Gaza City/
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Press Conferences | UNDP , OCHA , UNHCR
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the representatives and spokespersons of the Office for the Coordination of Humanitarian Affairs and the United Nations Refugee Agency.