INTEGRATING CARBON FOOTPRINT INTO RISK MANAGEMENT: A SUSTAINABLE STRATEGY FOR THAI SMES
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Climate change poses serious challenges for economies worldwide, particularly for small and medium enterprises (SMEs) that often lack the resources to adapt. In Thailand, SMEs represent a significant portion of the economy and have a major impact on environmental sustainability. This review article explores the integration of carbon footprint management into risk management strategies for Thai SMEs. It aims to show how understanding and measuring carbon emissions can help these businesses reduce environmental impact and manage operational risks. The review finds that Thai SMEs face several challenges in managing their carbon footprint, including limited awareness, budget constraints, lack of tools, and inadequate government support. Despite these challenges, using carbon footprint data can help SMEs improve risk management, reduce costs, enhance their reputation, and meet regulatory requirements. Practical solutions such as digital tools, training, and collaboration networks can support carbon management in SMEs and help align them with sustainable development goals. Integrating carbon footprint into risk management offers a valuable strategy for Thai SMEs to become more sustainable and competitive. With appropriate support, tools, and awareness, SMEs can take active roles in reducing emissions and preparing for climate-related risks. This approach not only benefits the environment but also strengthens the long-term resilience of small businesses in Thailand.
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