These various pressures may result in SMEs suffering from a financing shortfall, because of their lack of human and financial resources to report on sustainability, while financing is a key prerequisite for SMEs to green their business models. This vicious circle could only be broken by a reflection at European level on how to effectively finance these changes in strategy in order not to put business out of business. Given that banks are the main source of fundings for SMEs, their support is key to finance this transition for direct business benefit.
How does incorporation of ESG elements into lending policies can be done in a phased and intelligent approach for the interest of all? What are the key challenges SMEs face in financing their sustainability transition? How can banks best accompany SMEs on their transition journey? How should board members of SMEs proceed to move forward down the sustainability path?
Event: Sustainability webinar - Impacts of taxonomy and bank loans on SMEs
Date: 5 April 2022
Time: 11 to 12.30 CET
Register here
Speakers:
- Rytis Ambrazevičius, Board Member, ecoDa
- Maud Gaudry, Global Co-Head of Sustainability, Mazars
- Denisa Avermaete, Senior Policy Adviser, European Banking Federation (EBF)
- Alexandre Affre, Member of the Platform on Sustainable Finance, BusinessEurope
- Gerhard Huemer, Economic Policy Director, SMEunited
Moderator:
- Roger Barker, Director of Policy and Governance, UK IoD.