One of the fundamental challenges towards achieving better environmental performance is the lack of knowledge and information concerning environmental issues. There is a general perception among the MSMEs that the only driving force to achieve environmental performance is legislative compliance. To improve the environmental performance of MSMEs, it is of utmost importance to disseminate the concept of economic benefits created by environmental performance and closed loop approaches. A key obstacle facing the MSMEs sector is limited access to financial resources, since most of the MSMEs pursue a survival business strategy. Proper policy can provide a platform for improving the environmental performance of MSMEs and make them more competitive in the global value chain.

Source: Dhaka Tribune March 18, 2020 12:33 UTC