Published November 13, 2024 | Version v1
Dataset Open

Assessing and Promoting Sustainable Opportunities in Myanmar MSMEs

Description

Micro, Small, and Medium Enterprises (MSMEs) form the backbone of Myanmar's economy, contributing significantly to employment, GDP, and community development. However, the integration of sustainable practices into MSMEs remains a critical challenge due to limited resources, knowledge gaps, and socio-political instability. This study by EHS Myanmar explores the current landscape, challenges, and opportunities for MSMEs in advancing sustainable development. Through a qualitative approach, involving secondary data and expert interviews, the research examines the environmental and social impacts of MSMEs, highlighting both positive contributions and adverse effects such as pollution and biodiversity loss. MSMEs play a pivotal role in achieving global Sustainable Development Goals (SDGs), particularly those related to clean energy, responsible consumption, and climate action. Nevertheless, they often lack access to affordable financing, adequate infrastructure, and technical expertise, which hinders their ability to adopt eco-friendly practices. Focused on Yangon and Mandalay, this study identifies key barriers to sustainability, including insufficient waste management, resource depletion, and vulnerability to climate change. Despite these challenges, MSMEs in Myanmar exhibit potential to drive sustainable growth by leveraging green technologies, fostering community engagement, and aligning with international best practices. Recommendations emphasize capacity-building initiatives, policy reforms, and financial incentives to encourage sustainable business models. This research underscores the importance of tailored interventions to enhance MSME resilience and competitiveness while safeguarding the environment. By addressing systemic challenges and fostering collaboration among stakeholders, Myanmar’s MSMEs can transition towards sustainability, contributing to long-term economic growth and environmental preservation. The findings aim to inform policymakers, business leaders, and development organizations in shaping a sustainable future for the MSME sector.

Files

Assessing_and_Promoting_Sustainable_Opportunities_in_Myanmar_MSMEs_EHSMyanmar_September_2024.pdf