SIX, a key player in the financial services industry, has linked with Greenomy, a leading provider of sustainability software solutions.
This collaboration marks a significant step towards integrating small and medium-sized enterprises (SMEs) into the financial market with a focus on sustainability. SIX is renowned for its comprehensive financial services, while Greenomy stands out for its exceptional software-as-a-service platform that drives sustainability efforts.
The partnership between SIX and Greenomy is aimed at addressing the critical need for SMEs to align with sustainable and low-carbon economic practices. Recognizing the essential role that SMEs play, this collaboration seeks to enhance their participation in the transition towards a more sustainable future.
SIX provides a plethora of financial services, ensuring the smooth operation of financial markets, whereas Greenomy specializes in sustainability reporting and compliance software. This unique combination leverages Greenomy’s cutting-edge technology and SIX’s market influence to facilitate a significant shift in how SMEs approach sustainability.
The newly introduced SME Sustainability Assessment Solution by SIX leverages Greenomy’s top-tier platform to assist SIX’s banking clients in evaluating the sustainability performance of their SME clientele. This innovative solution not only simplifies the assessment of sustainability metrics but also supports banks in meeting the EU’s Banking Book Taxonomy Alignment Ratio (EU BTAR) requirements. Furthermore, it encourages a sustainability-focused dialogue between financial institutions and SMEs, aiding the latter in navigating the complexities of disclosure and reporting standards.
This initiative is set to revolutionize the way banks assess and manage sustainability risks and opportunities within their SME portfolios. By providing a comprehensive tool for sustainability assessment, ongoing monitoring, and support in green lending decisions, SIX and Greenomy are paving the way for a more sustainable financial ecosystem.
Marion Leslie, Head Financial Information and Executive Board Member at SIX, emphasizes the crucial role of SMEs in the global economy and the importance of understanding their sustainability trajectories. Constance d’Aspremont, Chief Business Development Officer at Greenomy, highlights the synergy between SIX’s industry expertise and Greenomy’s technological solutions in offering a seamless sustainability reporting journey for SMEs.
Marion Leslie said, “The importance of gaining a clearer insight into the climate credentials of small and medium-sized enterprises cannot be overstated. After all, SMEs represent 90% of businesses worldwide, not to mention 99% of the EU’s economy. They also play an indispensable role in driving innovation and growth. We must do all we can to ensure lenders are well informed around the sustainability trajectory of firms seeking funding, not just to ensure capital is flowing towards the most socially and environmentally responsible businesses, but also to help banks deliver on their own climate funding commitments.”
Constance d’Aspremont added, “With SIX’ profound understanding of the banking industry and expertise in company data management, we have a powerful ally in deploying a solution that truly meets the needs of SMEs and their banks.
“The new SIX SME Sustainability Assessment Solution, powered by Greenomy’s technology and sustainability expertise, aims to ease the reporting journey for SMEs and to empower them to take the next steps towards sustainability with confidence. This initiative is another testament to our commitment to empowering corporates, SMEs and financial institutions alike to navigate the sustainability transition.”
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