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Great news! UBQ Materials joins SME Climate Hub and commits to reach net-zero by 2030.
UBQ Materials announced today that they have become one of the first companies to join the SME Climate Hub, a new groundbreaking one-stop-shop climate action platform for small and medium-sized enterprises (SMEs) to curb carbon emissions, build business resilience and take climate leadership.
The SME Climate Hub is co-hosted by the International Chamber of Commerce (ICC), the Exponential Roadmap Initiative, the We Mean Business coalition and the United Nations Race to Zero campaign, and has received support from several supply chain leaders, including BT Group, Ericsson, IKEA, Telia and Unilever, as well as funding support from Amazon and Verizon.
UBQ Materials has become one of the first signatories to the UN-recognized “SME Climate Commitment”, which forms part of the SME Climate Hub. In making this commitment, UBQ has pledged to achieve net-zero emissions by 2030 and to regularly report on progress towards these aims.
On the logic behind the company’s decision to join the initiative, Tato Bigio, Co-CEO and Co-Founder of UBQ Materials said, “UBQ is a bio-based thermoplastic converted entirely of unsorted household waste, including all the organics. By diverting waste from landfills, UBQ™ carries a climate-positive footprint and promotes circularity. We empower businesses, large and small, to substitute oil-based plastics across their supply chains and advance the race to net zero. By joining the SME Climate Hub, we commit to holding ourselves to the highest standards we hope to see from rest of the industry.”
The SME Climate Hub was launched at the start of the UN General Assembly Week and New York Climate Week by the High Level Climate Action Champion for the United Kingdom, Nigel Topping and has received initial financial support from Amazon and Verizon, through their partnership with theWe Mean Business coalition.
The SME Climate Hub will provide SMEs with a range of accessible tools and resources to help them reduce emissions and build business resilience. The platform will couple these tailored resources with opportunities for businesses to unlock direct commercial incentives – from government tax breaks to procurement preferences provided by major businesses such as BT Group, Ericsson, Ikea, Telia and Unilever, who have all agreed to work with their SME suppliers to improve climate performance and also provide concrete tools, share knowledge and exchange best practices for implementing robust climate strategies through the SME Climate Hub.
One of the most pressing existential threats to SMEs is climate emergency. It has the potential to slow economic growth by causing material damage; limiting resource availability; causing shifts in demand; leading to business interruptions and production disruptions; causing supply chain interference; and forcing business closures. With 40 to 60 percent of small businesses never reopening after a disaster, curbing carbon emissions and building business resilience is critical.
About the SME Climate Hub
The SME Climate Hub is an initiative founded by the International Chamber of Commerce, the Exponential Roadmap Initiative, the We Mean Business coalition and the UNFCCC Race to Zero campaign, with the aim of supporting small and medium-sized businesses to build business resilience. The SME Climate Hub provides a one-stop-shop for SMEs to commit to climate action and access tools, incentives and other resources designed to make it easier than ever for small and medium-sized businesses to cut carbon emissions, bring innovative green solutions to market and build business resilience.
For more information about the SME Climate Hub, visit: www.smeclimatehub.org
About the SME Climate Commitment:
The SME Climate Hub provides any business with less than 500 employees with the opportunity to publicly demonstrate its commitment to climate action by signing the SME Climate Commitment. Making the commitment means that your business will start to take immediate climate action in order to:
- Halve greenhouse gas emissions before 2030
- Achieve net zero emissions before 2050
- Disclose progress on a yearly basis
For more information about the SME Climate Commitment, visit: https://www.smeclimatehub.org/sme-climate-commitment
About UBQ Materials
UBQ Materials Ltd. has developed an advanced conversion technology, patenting the world’s first bio-based thermoplastic (UBQ™) made entirely of unsorted household waste, including all the organics—a revolutionary way to divert municipal solid waste from landfills and convert it into a sustainable substitute for oil-based plastics. A certified B Corp™, UBQ is a globally awarded climate tech company with customers including Mercedes-Benz, global retail solutions provider Mainetti, PepsiCo, and Arcos Dorados, the world’s largest franchisee of McDonald’s restaurants across Latin America. With a climate-positive impact and cost-competitive price, UBQ™ empowers manufacturers with a simple transition to greater sustainability.
Learn more by visiting www.ubqmaterials.com
Media Contact
Nicole Kaufman Grubner
929-588-2011
nicole.grubner@finnpartners.com
