Sunday, April 14, 2024

SIX and Greenomy forge alliance to empower SMEs in sustainability journey

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SIX, a prominent figure in the financial services domain, has partnered with Greenomy, a leading provider of sustainability software solutions. This strategic alliance signifies a significant advancement in integrating small and medium-sized enterprises (SMEs) into the financial landscape with a strong emphasis on sustainability. With SIX renowned for its expansive range of financial services and Greenomy distinguished for its state-of-the-art software-as-a-service platform driving sustainability initiatives, this collaboration holds immense promise. 

The joint effort between SIX and Greenomy aims to address the pressing need for SMEs to align with sustainable and low-carbon economic models. Acknowledging the pivotal role of SMEs, this partnership endeavors to amplify their involvement in the transition towards a more sustainable future. 

SIX brings to the table a wealth of financial services, ensuring the efficient functioning of financial markets, while Greenomy specializes in sustainability reporting and compliance software. This unique amalgamation capitalizes on Greenomy’s cutting-edge technology and SIX’s market clout to catalyze a significant shift in SMEs’ approach to sustainability. 

The recently introduced SME Sustainability Assessment Solution by SIX harnesses the power of Greenomy’s premier platform to aid SIX’s banking clients in evaluating the sustainability performance of their SME customer base. This innovative solution not only streamlines the assessment of sustainability metrics but also aids banks in meeting the EU’s Banking Book Taxonomy Alignment Ratio (EU BTAR) requirements. Moreover, it fosters a sustainability-centric dialogue between financial institutions and SMEs, assisting the latter in navigating the intricacies of disclosure and reporting standards. 

This initiative is poised to revolutionize how banks assess and manage sustainability risks and opportunities within their SME portfolios. By offering a comprehensive tool for sustainability assessment, continuous monitoring, and guidance in green lending decisions, SIX and Greenomy are laying the groundwork for a more sustainable financial ecosystem. 

Marion Leslie, Head of Financial Information and Executive Board Member at SIX, underscores the indispensable role of SMEs in the global economy and the significance of understanding their sustainability trajectories. Constance d’Aspremont, Chief Business Development Officer at Greenomy, highlights the synergy between SIX’s industry acumen and Greenomy’s technological solutions in delivering a seamless sustainability reporting experience for SMEs. 

Marion Leslie remarked, “The importance of gaining deeper insights into the climate credentials of small and medium-sized enterprises cannot be overstated. After all, SMEs constitute 90% of businesses worldwide, not to mention 99% of the EU’s economy. They also serve as catalysts for innovation and growth. It is imperative that we take all necessary measures to ensure that lenders are well-informed about the sustainability trajectory of firms seeking funding, not only to channel capital towards the most socially and environmentally responsible businesses but also to assist banks in fulfilling their climate funding commitments.” 

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Constance d’Aspremont added, “With SIX’s profound understanding of the banking industry and expertise in company data management, we have a formidable ally in deploying a solution that truly addresses the needs of SMEs and their banks. 

“The new SIX SME Sustainability Assessment Solution, empowered by Greenomy’s technology and sustainability proficiency, aims to simplify the reporting journey for SMEs and empower them to progress towards sustainability with confidence. This initiative underscores our commitment to empowering corporates, SMEs, and financial institutions alike to navigate the sustainability transition.” 

 

Solomon Irungu
Solomon Irunguhttps://solomonirungu.com/
Solomon Irungu is a Communication Expert working with Impact Africa Consulting Ltd supporting organizations across Africa in sustainability advisory. He is also the managing editor of Africa Sustainability Matters and is deeply passionate about sustainability news. He can be contacted via mailto:solomonirungu@impactingafrica.com

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