The Sustainable SME Finance innovation hub will hold a solutions clinic on "scaling sustainable SME finance products". The added costs of data collection and verification can make sustainable finance products for SMEs expensive and hard to scale. SMEFF members will lead the discussion, with participants sharing solutions to lower data collection costs, partner with technology providers, and get credit for their work.
Agenda:
- Innovation Hub Business (30 minutes)
- Presentation on the previously agreed upon structure and objectives of the Sustainable SME Finance Innovation Hub as a reminder for members
- Discussion on setting the goals and activities for the upcoming year
- Discussion on need for new/additional co-chairs and the process for nominations to be submitted
- Presentation on new initiatives and resources available to members (60 minutes – 20 minutes for each presentation and subsequent discussion)
- IFC FIG Team - We will hear from IFC team on the sustainability training that is given to FIG staff and could potentially be given to Fis, purpose is to know what IFC team can offer when member banks engage in their home countries and to get feedback on the interest of members on receiving this training if it were made available
- UN Climate Champions - We will hear from an update from the UN Climate Champions on the Climate-proofing SMEs Sustainability Sprint roll out and as well as have opportunity for feedback and suggestions
- OECD – We will hear from OECD on their new initiative to develop a framework for simplified ESG reporting that includes common indicators used across multiple sustainability frameworks and global standards and includes details on the value proposition for each indicator sch as how Fis can use the data effectively and how SMEs can improve operational and financial performance through data collection and reporting efforts
