SIX is driving forward the increased inclusion of SMEs in financial markets. With their partnership, SIX and Greenomy are recognizing the pivotal role that SMEs can play in the transition to a sustainable and low-carbon economy.
SIX’ new SME Sustainability Assessment Solution draws on Greenomy’s market-leading software-as-a-service platform and assists SIX’ banking clients in efficiently assessing the sustainability performance of their SME clients. Additionally, it defines the sustainability transition trajectories of these debtors. The solution thereby facilitates the calculation of the EU’s Banking Book Taxonomy Alignment Ratio (EU BTAR). This new EU regulatory metric indicates the degree to which a bank’s lending book is exposed to SMEs aligned with EU sustainability directives and, in turn, supports a bank’s reporting requirements.
By also enabling a sustainability dialogue with SME clients, the solution aids financial institutions to support their SME clients to better meet emerging disclosure and reporting standards. This fosters sustainability improvements and enables SME clients to assess their sustainability and climate risk management transition trajectories.
SIX’ SME Sustainability Assessment Solution aims to free up banks’ valuable operations costs and resources by providing a one-stop-shop solution for performing sustainability assessments of SMEs – from inviting companies to complete a sustainability assessment, to ongoing monitoring of sustainability metrics in line with the EU’s Corporate Sustainability Reporting Directive (EU CSRD) and EFRAG’s European Sustainability Reporting Standards (ESRS). It offers step-by-step guidance along the corporate sustainability assessment journey with an adapted framework aligned with the EU Taxonomy requirements. The solution also allows the effortless retrieval of a standardized set of metrics to support green lending decision-making in line with the EU’s Green Assets Ratio (GAR) to identify EU-Taxonomy-aligned assets, and the EU BTAR calculation.
Marion Leslie, Head Financial Information and Executive Board Member, SIX, says: “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, Chief Business Development Officer, Greenomy, adds: “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.”
Further information on the SME Sustainability Assessment Solution from SIX.
If you have any questions, please do not hesitate to contact Julian Chan, Deputy Head Media Relations.
Phone: +41 58 399 2508
E-mail: pressoffice@six-group.com
About SIX
SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (120 banks). With a workforce of 4,044 employees and a presence in 20 countries, it generated operating income of CHF 1.5 billion and Group net profit of CHF 185.0 million in 2022.
About Greenomy
Greenomy stands at the forefront of ESG reporting solutions, providing global corporations with a seamless pathway to compliance with key frameworks including CSRD, EU Taxonomy, GRI, ISSB, and more. Leveraging our cutting-edge SaaS portal, Greenomy unifies complex regulatory demands into a coherent data model, fortified by ESG data libraries and the power of Generative AI. This integration empowers organizations to simplify the creation of comprehensive sustainability reports, allowing ESG teams to focus on driving impactful transformations. greenomy.io.
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