“…even the most straightforward tasks, including opening bank accounts, have been made more difficult”

“Our survey shows business owners are still struggling to secure the right financial support. They are telling us that conventional and traditional sources of business finance, such as banks, are lagging behind and are making it difficult for them to complete even the most basic functions like opening bank accounts and securing an overdraft. We…

The Corporate Sustainability Reporting Directive: criticism from SMEunited

  SMEunited publishes first assessment of the Corporate Sustainability Reporting Directive. Key messages• CSRD will neither benefit SMEs nor their direct stakeholders• Uncertainty on ‘SME standard’: Listed SME one or real SME (micro) standard?• In absence of timely ‘SME-standard’ market will impose big industry one• SMEs will have in practice no transposition period (contrary to…

ESG for SMEs

The EU economy includes 23 million SMEs, which should benefit from greater access to sustainability advisory services based on their specific needs. The COVID-19 crisis has made it more challenging for SMEs to attract financing they need for their transition efforts. SMEs often lack the capabilities and awareness to seize the opportunities offered by sustainable…

Rethinking risk for the future

“By their nature, SMEs will have an accountant who is well positioned to help them to think about how their business can progress and prepare for the future”” —   says  in the report “Rethinking Risk for the Future”. This  report  looks at the reality, from ACCA’s members’ points of view, about how COVID-19 has made them reassess…

Sustainability risk management for SMEs: inaction is not an option

Thinking about sustainability can be daunting for SMEs that cope with everyday challenges and the pandemic’s impacts. But Covid-19 is also the latest call for more resilient and sustainable businesses. SMEs often rely on accountants as their primary advisors on business decisions. They can also help SME owners consider sustainability risks, mitigate them, and advise…

Sustainability 2021: Ukraine

Yesterday there was a discussion on “The 2021 Sustainable Development Rating”, which analyzed the results of recent studies. Representatives of leading Ukrainian enterprises who took part in the discussion spoke about the need to introduce ESG – approaches to business management. We can note that most of the examples were in the context of double…

Sustainability and SMEs

It can be daunting for SMEs to prioritise their business’ sustainable transition.  This sustainability assessment checklist was developed with the support of the European Association of Co-operative Banks (EACB). It helps SME accountants and advisors to support their SME clients to build their sustainability profile. It can be the first step to enable a smoother…