Delhi Declaration on Local Green Enterprise

The Delhi Declaration on Local Green Enterprise asserts that micro, medium, and small enterprises (MSMEs) are essential for India's transition to a green economy, as they create 80% of new jobs and contribute 37% to the GDP. The declaration defines Local Green Enterprises (LGEs) as those demonstrating environmental consciousness in resource and waste management and inclusiveness in wages and revenue distribution. To scale these enterprises, the signatories call for affordable credit through blended finance, streamlined public procurement processes, and government-led triple bottom line impact assessments to incentivize the shift from 'brown' to green business practices.

• Micro, medium and small enterprises (MSMEs) are vital to India's economy and employment, accounting for 37% of the GDP and creating 4 out of every 5 new job positions across approximately 36.1 million units.
• The declaration defines Local Green Enterprises (LGEs) based on two primary criteria: environmental consciousness regarding natural resources, waste, and pollution, and inclusiveness regarding employment, wages, and revenue distribution.
• To support LGEs, the financial sector is urged to develop affordable credit instruments and sustainable financial products, utilizing policy support and blended finance to mitigate risks for private investors.
• The document calls for the Indian government to streamline public procurement for small entrepreneurs by removing structural bottlenecks and providing incentives through tariffs, taxes, and aggregator platforms to help LGEs scale.
• The signatories advocate for the government to recognize triple bottom line impact assessments for LGEs and provide specific portfolios in schemes to motivate 'brown enterprises' to transition to greener practices through training and financial incentives.

APA

Alternatives, D. (2020). Delhi Declaration on Local Green Enterprise. Green Economy Coalition. https://www.greeneconomycoalition.org/news-and-resources/statement-on-local-green-enterprises-in-india

Chicago

Alternatives, Development. Delhi Declaration on Local Green Enterprise. Green Economy Coalition, 2020. https://www.greeneconomycoalition.org/news-and-resources/statement-on-local-green-enterprises-in-india.

Wikipedia

{{cite press release |last1=Alternatives |first1=Development |title=Delhi Declaration on Local Green Enterprise |publisher=Green Economy Coalition |date=30 January 2020 |url=https://www.greeneconomycoalition.org/news-and-resources/statement-on-local-green-enterprises-in-india |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{alternatives2020delhi, author = {Alternatives, Development}, title = {{Delhi Declaration on Local Green Enterprise}}, publisher = {Green Economy Coalition}, year = {2020}, month = jan, url = {https://www.greeneconomycoalition.org/news-and-resources/statement-on-local-green-enterprises-in-india}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }