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    Redefining SME Productivity Measurement and Assessment for a Low Carbon Economy

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    Publication date
    2020-10
    Author
    Owen, R.
    Harrer, T.
    Lodh, S.
    Pates, R.
    Mair, Simon
    Keyword
    Productivity
    SMEs
    Measurement
    Assessment
    Carbon footprint
    Low carbon
    Rights
    (c) 2020 PIN. Full-text reproduced with publisher permission. ESRC funded Productivity Insights Network (PIN)
    Peer-Reviewed
    No
    
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    Abstract
    The UK faces the joint economic policy challenges of raising productivity and tackling climate change. This report challenges prevailing narrow market-based views of productivity, by examining the £4bn UK early stage Cleantech innovation finance market. We find that Cleantech innovation is frequently capital intensive and long horizon (5-10+ years), measured by shorterterm technology readiness level (TRL) and intellectual property (IP) progression. Longer-term sustainable productivity impacts remain little understood and, where applied, narrowly relate to customer adoption. This leads to Cleantech environmental impact investor logics that primarily relate to end user financial value (customer sales). There is little consideration for non-market values from, for example, circular economy (CE) and wider environmental spillover impacts (e.g. supply chains). Whilst few Cleantechs currently successfully commercialise, a small proportion exhibit high employment and sales growth and global environmental impact. Improved understanding of the broader environmental impacts of Cleantechs, through the adoption of environmental impact metrics (EIMs) can (i) add to a more holistic notion of productivity and (ii) improve the efficiency of the finance escalator, enabling more Cleantechs to contribute significantly to establishing the UK as a globally leading low carbon economy.
    URI
    http://hdl.handle.net/10454/18271
    Version
    Published version
    Citation
    Owen R, Harrer T, Lodh S et al (2020) Redefining SME Productivity Measurement and Assessment for a Low Carbon Economy. Productivity Insights Network. Pioneer Project Report.
    Link to publisher’s version
    https://productivityinsightsnetwork.co.uk/app/uploads/2020/10/PIN-DRAFT-FINAL-Report-30-09-2020-RO-TH-1.pdf
    Type
    Report
    Collections
    Management and Law Publications

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