With an emphasis on sustainability, this partnership represents a major step toward the integration of small and medium-sized businesses (SMEs) into the financial sector. While Greenomy is well-known for its outstanding software-as-a-service platform that powers sustainability initiatives, SIX is well-known for its extensive financial offerings.

SIX and Greenomy have partnered to address the pressing need for small and medium-sized enterprises (SMEs) to adopt low-carbon and sustainable economic practices. Acknowledging the crucial function that SMEs perform, this partnership aims to augment their involvement in the shift towards a more sustainable future.

While Greenomy is an expert in compliance software and sustainability reporting, SIX offers a wide range of financial services that guarantee the efficient running of the financial markets. This special combination makes use of SIX's market power and Greenomy's state-of-the-art technology to enable a major change in the way SMEs approach sustainability.

With the launch of its SME Sustainability Assessment Solution, SIX is helping its banking clients assess the sustainability performance of their SME clientele by utilizing Greenomy's premier platform. This creative technique helps banks comply with the EU's Banking Book Taxonomy Alignment Ratio (EU BTAR) regulations while also streamlining the evaluation of sustainability measures. Additionally, it fosters a conversation on sustainability between financial institutions and small and medium-sized enterprises (SMEs), assisting the latter in managing the intricacies of disclosure and reporting requirements.

The way banks evaluate and handle sustainability risks and opportunities in their SME portfolios is about to undergo a radical change thanks to this effort. SIX and Greenomy are pushing the envelope toward a more sustainable financial ecosystem by offering a comprehensive solution for sustainability evaluation, continuous monitoring, and assistance in green loan decisions.

The executive board member and head of financial information at SIX, Marion Leslie, highlights the significance of SMEs in the global economy and the need to comprehend their sustainability trajectories. The Chief Business Development Officer of Greenomy, Constance d'Aspremont, emphasizes how Greenomy's technological solutions and SIX's business knowledge work together to provide SMEs with a smooth sustainability reporting experience.

It is crucial to have a deeper understanding of small and medium-sized businesses' climate credentials, according to Marion Leslie. SMEs account for 90% of all firms globally and 99% of the EU's GDP, after all. They are also essential for promoting growth and innovation. In addition to making sure that capital is going to the companies that are the most socially and environmentally conscious, we also need to make sure that banks are fulfilling their own climate funding obligations, so we must make every effort to guarantee that lenders are well-informed about the sustainability trajectory of businesses seeking funding.

"With SIX's deep understanding of the banking sector and expertise in company data management, we have a powerful ally in deploying a solution that genuinely meets the needs of SMEs and their banks," Constance d'Aspremont continued.

"With the support of Greenomy's technology and sustainability knowledge, the new SIX SME Sustainability Assessment Solution seeks to simplify the reporting process for SMEs and provide them with the confidence to move forward toward sustainability. This program is yet another illustration of our dedication to helping financial institutions, SMEs, and corporations all negotiate the transition to sustainable.