Strategies Forum: Most Jordanian businesses are SMEs
The Jordanian Strategies Forum has issued a policy paper highlighting the importance of implementing Environmental, Social, and Governance (ESG) practices to support the sustainability of small and medium-sized enterprises (SMEs) in Jordan, which constitute 98.1% of all companies. The paper explains that adopting these practices helps reduce operational costs, manage risks, and enhance competitiveness, in addition to facilitating access to markets and external financing. These practices include measuring resource consumption, reducing emissions, committing to fair wages and decent working conditions, with a focus on women's empowerment and increasing awareness of sustainability's importance—especially given the financing challenges and compliance costs. The paper also underscores Jordan’s efforts to align policies and leverage green financing tools, advocating for capacity building among SMEs and the development of sustainability reporting and tracking tools, aiming to strengthen their ability to meet global labor market requirements and mitigate environmental and financial risks.
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