Influence of efficiency gains and compliance increases on sustainability adoption: SIDBI - D&B SPeX
- Editor
- Apr 3
- 1 min read
Whats Happening:
Dun & Bradstreet and SIDBI have released the Sustainability Perception Index (SPeX) for Q4 2024. The overall SPeX value declined 5.3% compared to Q3 2024, with awareness and willingness dimensions falling 11% and 12% respectively. However, the implementation dimension rose significantly by 41%, reaching its highest level in nine quarters.
Key Moves:
Overall SPeX value declined 5.3% in Q4 2024 compared to Q3 2024
Implementation dimension rose 41%, reaching its highest level in nine quarters
85% of MSMEs plan to adopt additional sustainability measures in the next two quarters
By The Numbers:
SPeX awareness dimension fell 11% from the previous quarter
SPeX willingness dimension decreased 12% from Q3 2024
Implementation dimension increased 41% compared to Q3 2024
Key Quotes:
"Globally, sustainability regulations are evolving rapidly, and MSMEs are recognizing value in sustainability adoption in gaining market share." - Dr. Arun Singh, Global Chief Economist, Dun & Bradstreet
"The implementation cost and capital availability are consistently emerging as a key challenge for MSMEs in adopting sustainable practices." - Dr. R.K. Singh, CGM, SIDBI
"SIDBI attends to the Greening mandate through 'PANCHTOOL' (5 energising pillars) — (i) Financing, (ii) Development, (iii) Risk Mitigant, (iv) Thought Leadership and (v) International Cooperation (Synergy 4 Energy) and is taking its 'Greening MSME Ecosystem' agenda forward."
Bottom Line:
The Q4 2024 SPeX report reveals a complex picture of MSME sustainability adoption. While overall perception has declined, implementation has significantly increased. This suggests that MSMEs are moving from awareness to action, despite challenges in cost and capital availability. The shift indicates a growing recognition of sustainability's importance in gaining market share and meeting evolving global regulations.
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