To reach net zero, banks can't go it alone. Progress depends on whether corporate clients, especially small and medium-sized businesses, can cut their emissions.
Many SME's simply don't have the resources or expertise to act, unless banks support them them tailored financing and advice. Protecting long term value is essential - though if clients can't transition, banks will inherit the financial and reputational risks.
By equipping SMEs with the right tools and capital, banks can reduce credit risk, stay ahead of investor pressure and grow transition-related revenue. In this session, organised by our Financial Sector Hub Steering Committee in partnership with McKinsey & Company, hear from expert panellists from the financial sector on how transparent, collaborative relationships between banks and their SME clients plays a crucial role in unlocking their transition and the risk exposure if they don't.
Panellists: Alexandrina Boyanova, Head of the Operational Management and Policy Support Division at the European Investment Bank, Jose Luis Muñoz, Executive Director Sustainability & Investor Relations at Grupo Financiero Banorte, Mamoun Tahri-Joutei, Head of sustainability at Bank of Africa, Daniela Mattheus, President of FEA and Member of multiple supervisory boards (a.o. Commerzbank AG).
Moderator: Lucyna Stańczak-Wuczyńska, Chairwoman of Chapter Zero Poland Board, Chairwoman of BNP Paribas Polska (Poland), Board Director, Banca Transylvania
Keynote speaker: Simona Viscardi, Partner at McKinsey & Company leading Sustainability and Climate Risk for FIG in Europe and EEMA.
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