Abstract: The present invention is disclosing a smart wearable accessory for rescue and tracking, comprising a belt portion configured to be worn by a wearer using a fastening mechanism. Belt portion comprises one or more sensors configured to generate signals corresponding to detection of one or more events in a facility, a global positioning system (GPS) tracker configured to detect a location of a wearer in facility, and a microprocessor. Microprocessor is configured to determine a severity level of one or more events based on an analysis of generated signals and location of wearer in facility, and generate one or more notifications and/or alert signals for one or more devices, communicably coupled to smart wearable accessory, based on determined severity level of one or more events. Microprocessor further activates a set of output devices positioned on belt portion based on signals received from one or more sensors.