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ASEM Eco-Innovation Global Forum: SME’s practice and the way forward

November 10-11th, 2015
Imperial Palace Hotel, Seoul, Korea

The ground where sustainable business practices of SMEs bloom across Asia and Europe

‘Sustainability’ is a keyword penetrating common agenda and goal of all countries. The 17 Sustainable Development Goals(SDGs) are suggested to the global society, replacing former Millennium Development Goals(MDGs) stressing further participation, cooperation and stricter responsibilities in broader problems across countries and subjects.

For business, sustainability is no longer just one of options but becoming more a requisite. Eco-Innovation is any form of innovation aiming at significant and demonstrable progress towards the worldwide goal of sustainable development, through reducing impacts on the environment, rising as a core means for applying sustainability in business sector.

In Eco-Innovation, large companies are not the only subjects. Small& Medium sized Enterprises(SMEs) are important engine for sustainable business representing 99 percent of all business and providing jobs to more than 100 million people in Europe, as well as, taking an essential role in other ASEM countries.

Researches prove the potential SMEs possess for rapid and diverse eco-innovation. Realizing SME’s potential in eco-innovation, further steps to spread eco-innovation practice in small businesses are necessary among ASEM countries.

To achieve such common goal, Small & Medium Business Administration (SMBA) & ASEM SMEs Eco-Innovation Center (ASEIC) held the Eco-innovation Global forum that provided a ground to discuss global recent trend and SME’s practice in eco-innovation. Along with this Global Forum, Working Group meeting on reinforcing Eco-Innovation competence of SMEs in ASEM countries was held together for an in-depth discussion.

In a fast changing and spreading green business sector, it is hard to catch up with the overall trends with small but continuous changes of eco-innovation in ASEM countries. 53 member states make up of ASEM, and each country has different situation for eco-innovation.

Despite different situation, cooperation is necessary to provide broader base for SMEs to adopt eco-innovation as their strategy to develop in the global community. Grasping the recent trend and sharing various cases of eco-innovation in ASEM countries, in this forum aimed to promote eco-innovation.

The presentations figured out the research trend and current situation of eco-innovation that acts as a database for policymakers, entrepreneurs and persons concerned to grasp, further implementing and spreading eco-innovation.

Participants have learned from various practices of SMEs, discovering drivers and barriers for Eco-innovation, to suggest constructive ways that enlightens the global community for a sustainable future.