Accelerating sustainable finance for SMEs: How can good practices be scaled up?
Oct 16, 2024 | 12:00 PM - 1:10 PMAuditorium & Online
Oct 16, 2024 | 12:00 PM - 1:10 PM
Auditorium & Online
SMEs are critical actors in the green transition given their high environmental footprint- they account for around 40% of business-sector greenhouse gas (GHG) emissions - and their provision of green solutions to the market. Finance is a key enabler of SMEs’ green transition and financial institutions are increasingly offering tailored green and sustainable financing instruments with favourable financing conditions to help SMEs meet their growing greening investment needs. However, SMEs continue to face hurdles, holding back their uptake of these financing instruments. In fact, there is evidence that SMEs currently resort to more expensive financing options rather than taking on the reporting burden associated with sustainable finance. This session will seek to share knowledge and good practices on how public and private financial institutions and other actors are providing end-to-end support packages to incentivise SMEs’ greening investments, and leveraging new tools to reduce the reporting burden for these firms.
Related key resources
