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What do we mean by sustainability?

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With the taxonomy, the EU Commission has set a strict framework for the sustainability of the financial sector, which has significant repercussions for the real economy.

In addition to pure transparency requirements (CSRD, SFDR, etc.), the taxonomy also has an impact on portfolio and financing decisions. 

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Investors have already begun to withdraw from carbon-dependent sectors of the economy.  Financial supervisory authorities are increasingly conducting climate stress tests in the banking sector. This is because climate change is also a risk to financial stability. 

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The MaRisk amendment therefore incorporates climate risks and transformation risks into banks' risk management requirements. However, these rules can also hinder the intended transformation.  As all investments are subject to sustainability, contradictions can arise that can be challenging for the basic materials industry or the defense industry. 

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What opportunities does sustainability offer?

Due to the high investment volumes that need to be financed, transformation also offers business opportunities for banks and investment companies. As these are generally highly regulated in their financing and investment decisions, the question arises as to how their investment capital can best flow into transformation projects.

In addition to the opportunities, transformation also offers risks. It cannot be predicted that every transformation project will ultimately be successful. 

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How does Fin.Connect.NRW deal with the topic of sustainability?

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Fin.Connect.NRW focuses on technical discussions and further developments in transformation financing. A regular exchange of experience and knowledge between the stakeholders takes place in various event formats. To this end, information from practice and science is prepared and concrete recommendations for action are developed for banks, companies (especially SMEs) and for state policy.

The topic of sustainability is dealt with in Fin.Connect.NRW in a separate specialist group in which members of the competence center can network with relevant stakeholders on specific topics and provide important impetus for NRW as a business location. In addition, the topic of sustainability plays a central role in the Transfer specialist group, which focuses on the transfer of practice-oriented knowledge on transformation financing in the SME and banking landscape.

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More on climate neutrality and sustainability

Fin.Connect.NRW specialist event on 29 August 2024: Banks will become climate neutral: What are the consequences for companies?

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VÖB Service: EU taxonomy made easy - savings banks use TAXO TOOL

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KFW: So far only a few SMEs have been approached by banks about sustainability information - but demand is likely to increase

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Top 3 position for the NRW region in the "European Cities and Regions of the Future 2024" ranking

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2024 will be the year of transformation (-financing)!

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Studies on the topic

Fin.Connect.Compact 01
How high are the investment requirements for the climate-neutral and digital transformation in NRW?
Fin.Connect.Compact 01

How high are the investment requirements for the climate-neutral and digital transformation in NRW?

At least 100 billion euros must be invested annually in North Rhine-Westphalia (NRW) to finance climate-neutral and digital transformation. This is the result of this meta-analysis of existing studies on the need for investment in climate neutrality and the need for investment in digitalization. In…

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Fin.Connect.Basics 03
What does the Sustainable Finance Disclosure Regulation (SFDR) require?
Fin.Connect.Basics 03

What does the Sustainable Finance Disclosure Regulation (SFDR) require?

What is the Sustainable Finance Disclosure Regulation (SFDR)? In 2019, the European Union created a new transparency framework, the Sustainable Finance Disclosure Regulation (SFDR) or EU Disclosure Regulation. The regulation specifies how financial market participants must disclose sustainability…

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Fin.Connect.Basics 01
What does the EU taxonomy mean for SMEs?
Fin.Connect.Basics 01

What does the EU taxonomy mean for SMEs?

What is the EU-taxonomy? The classification of sustainable economic activities (EU taxonomy) is intended to strengthen the financing of sustainable growth in the European Union (EU). The legal basis is the Taxonomy Regulation of the European Parliament and Council, which came into force on July 12,…

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Fin.Connect.Blog
Transformation Financing from the Perspective of Financial Supervision
Fin.Connect.Blog

Transformation Financing from the Perspective of Financial Supervision

Transformation financing is also a major topic for the financial supervisory authorities. The financial supervisory authorities are not pushing the topic of sustainability independently. However, they must increasingly integrate it into their supervisory work. This is because there is a need for…

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Fin.Connect.Blog
Need for Investment: Important Field of Action for the Energy Transition
Fin.Connect.Blog

Need for Investment: Important Field of Action for the Energy Transition

The energy transition requires investment in almost all sectors. The EMI estimates the corresponding investment requirements for selected sectors in a plan scenario up to 2030 and discusses possible implications. 240 billion euros - this could be the annual investment requirement for the energy…

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Events on the topic

Online

Online seminar "CSRD: Sustainability reporting requirements"

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Online via Microsoft Teams

Online seminar organised by the Corporate Climate Protection Network and Carbon Trust: Net Zero Paths

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Online

Spotlight on sustainability reporting: First experiences with the European Sustainability Reporting Standards (ESRS)

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Online

Webinar: Funding opportunities for industry: Module 1 of the federal funding programme for industry and climate protection

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New Malthouse Berlin

SAVE THE DATE | BioVal results conference on 24 September 2024

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