{"id":564324,"date":"2023-07-12T11:22:43","date_gmt":"2023-07-12T10:22:43","guid":{"rendered":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/"},"modified":"2023-07-12T11:22:43","modified_gmt":"2023-07-12T10:22:43","slug":"in-what-ways-can-banks-help-sme-green-finance-market","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/","title":{"rendered":"In what ways can banks help SME green finance market?"},"content":{"rendered":"

\"Sustainble<\/p>\n

New research from the LSB highlights the challenges in the SME green finance market, and explores how banks<\/a> and lenders can support their customers to become more sustainable<\/p>\n

The Lending Standards Board (LSB), the self-regulatory body for banks and lenders, is urging financial services firms to feed-in on how its protection Standards for business customers can help drive sustainability in financial services \u2013 while providing good outcomes for customers.<\/p>\n

The LSB has published a report<\/a> examining the provision of green finance products for SMEs<\/a>, finding that while demand for, and interest in, these products is growing, many smaller businesses still face barriers accessing sustainable financial products.<\/p>\n

This was reflected in relatively low take up: the LSB identified around 15 products currently being offered to SMEs specifically for green purposes by its registered firms. The number of customers accessing these products ranges across firms and product types from zero to 500. Green loans were the most common product offered, most of which were aimed at SMEs looking to make efficiency improvements to their premises or travel arrangements (for example, electric vehicle purchases).<\/p>\n

Separate research from the British Business Bank (BBB) found that around half of SMEs are open to improving their environmental impact. But while 47% of SMEs are open to reducing their environmental impact and 22% are prepared to use finance to invest in changes, they are put off by factors like cost, capacity, and uncertainty over the lack of information on the green finance options available.<\/p>\n

The LSB also noted that SMEs have been hit by an onslaught of negative economic events over the past two years, meaning that business-as-usual and how to cope with rising costs was sucking up bandwidth. Perceived complexity was also a major factor putting businesses off.<\/p>\n

Emma Lovell, Chief Executive of the LSB<\/strong>, said that the low take up of green finance products amongst SMEs was an opportunity for banks and lenders to step up awareness and support.<\/p>\n

\u201cAs the drive to transition to net zero continues to intensify, firms should be considering, across all finance products, how they can help customers to achieve their green objectives, whilst balancing the effects of the wider landscape. For customers looking to borrow or use finance to make changes that are positive for the environment, firms should be understanding how their products \u2013 whether they are labelled as green or sustainable, or not \u2013 can support the SME\u2019s objectives.\u201d<\/p>\n

The LSB\u2019s report also observed that most action on the regulatory front had so far been focused on disclosure requirements for large businesses, as well as the labelling of investment products: \u201cHowever, the direction of travel is clear, and the wider financial services sector needs to consider how products and services are being used to support green or sustainable initiatives,\u201d the report reads.<\/p>\n

\u201cIn turn, this is leading both firms and SMEs to take additional steps to improve their understanding of their environmental impact and how the products they offer, or use, impact on the environment.\u201d<\/p>\n

A review<\/a> of the Standards of Lending Practice for business customers (\u2018the Standards\u2019) is currently underway, and will put the issue of green finance for SMEs under consideration for registered firms and the wider industry. The consultation will also explore how the Standards can further emphasise the expectations on firms in relation to inclusion \u00a0and support for business customers in financial difficulty; as well as whether the Standards require further development regarding the digital channels used by firms to offer products to, and engage with, business customers.<\/p>\n","protected":false},"author":35621,"featured_media":548729,"parent":0,"template":"","categories":[11395,11376,19264],"tags":[13675,13372,36881,21391,16080,12058,24007,11753,12723,21484],"class_list":["post-564324","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-digital-banking","category-ibsi-flagship-offerings","tag-british-business-bank","tag-financial-products","tag-financial-services-sector","tag-fintech-news","tag-green-banking","tag-green-finance","tag-lending-standards-board","tag-smes","tag-sustainability","tag-sustainable-banking"],"acf":[],"yoast_head":"\nIn what ways can banks help SME green finance market? - IBS Intelligence<\/title>\n<meta name=\"description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In what ways can banks help SME green finance market?\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/\" \/>\n<meta property=\"og:site_name\" content=\"IBS Intelligence\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ibsintelligence.cmc\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IBSIntelligence\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/\"},\"author\":{\"name\":\"Puja Sharma\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/0ab658b4f7162e060853216737c46557\"},\"headline\":\"In what ways can banks help SME green finance market?\",\"datePublished\":\"2023-07-12T10:22:43+00:00\",\"dateModified\":\"2023-07-12T10:22:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/\"},\"wordCount\":590,\"publisher\":{\"@id\":\"https:\/\/ibsintelligence.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg\",\"keywords\":[\"British Business Bank\",\"Financial Products\",\"financial services sector\",\"Fintech news\",\"green banking\",\"Green Finance\",\"Lending Standards Board\",\"SMEs\",\"Sustainability\",\"Sustainable Banking\"],\"articleSection\":[\"Analytics\",\"Digital Banking\",\"IBSi Flagship Offerings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/\",\"url\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/\",\"name\":\"In what ways can banks help SME green finance market? - IBS Intelligence\",\"isPartOf\":{\"@id\":\"https:\/\/ibsintelligence.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg\",\"datePublished\":\"2023-07-12T10:22:43+00:00\",\"dateModified\":\"2023-07-12T10:22:43+00:00\",\"description\":\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.\",\"breadcrumb\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#primaryimage\",\"url\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg\",\"contentUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Plant growing in coins glass jar for money against green grass. Saving and investment financial concept for new house\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ibsintelligence.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"In what ways can banks help SME green finance market?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ibsintelligence.com\/#website\",\"url\":\"https:\/\/ibsintelligence.com\/\",\"name\":\"IBS Intelligence\",\"description\":\"Financial Technology News & FinTech Research\",\"publisher\":{\"@id\":\"https:\/\/ibsintelligence.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ibsintelligence.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ibsintelligence.com\/#organization\",\"name\":\"IBS Intelligence\",\"url\":\"https:\/\/ibsintelligence.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png\",\"contentUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png\",\"width\":299,\"height\":80,\"caption\":\"IBS Intelligence\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ibsintelligence.cmc\/\",\"https:\/\/x.com\/IBSIntelligence\",\"https:\/\/www.instagram.com\/ibsintelligence\/\",\"https:\/\/www.linkedin.com\/company\/ibs-intelligence\/\",\"https:\/\/www.youtube.com\/channel\/UCLkzPazySerR8DzKFeFFGmw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/0ab658b4f7162e060853216737c46557\",\"name\":\"Puja Sharma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/52cc919920005c5ef0aa20181fc9da98bc61a14c67ff7fc6884d1fee1ef66ce7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/52cc919920005c5ef0aa20181fc9da98bc61a14c67ff7fc6884d1fee1ef66ce7?s=96&d=mm&r=g\",\"caption\":\"Puja Sharma\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"In what ways can banks help SME green finance market? - IBS Intelligence","description":"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/","og_locale":"en_US","og_type":"article","og_title":"In what ways can banks help SME green finance market?","og_description":"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.","og_url":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/","og_site_name":"IBS Intelligence","article_publisher":"https:\/\/www.facebook.com\/ibsintelligence.cmc\/","og_image":[{"width":2560,"height":1707,"url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@IBSIntelligence","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#article","isPartOf":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/"},"author":{"name":"Puja Sharma","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/0ab658b4f7162e060853216737c46557"},"headline":"In what ways can banks help SME green finance market?","datePublished":"2023-07-12T10:22:43+00:00","dateModified":"2023-07-12T10:22:43+00:00","mainEntityOfPage":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/"},"wordCount":590,"publisher":{"@id":"https:\/\/ibsintelligence.com\/#organization"},"image":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#primaryimage"},"thumbnailUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg","keywords":["British Business Bank","Financial Products","financial services sector","Fintech news","green banking","Green Finance","Lending Standards Board","SMEs","Sustainability","Sustainable Banking"],"articleSection":["Analytics","Digital Banking","IBSi Flagship Offerings"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/","url":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/","name":"In what ways can banks help SME green finance market? - IBS Intelligence","isPartOf":{"@id":"https:\/\/ibsintelligence.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#primaryimage"},"image":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#primaryimage"},"thumbnailUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg","datePublished":"2023-07-12T10:22:43+00:00","dateModified":"2023-07-12T10:22:43+00:00","description":"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.","breadcrumb":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#primaryimage","url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg","contentUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/plant-growing-coins-glass-jar-money-green-grass-scaled.jpg","width":2560,"height":1707,"caption":"Plant growing in coins glass jar for money against green grass. Saving and investment financial concept for new house"},{"@type":"BreadcrumbList","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/in-what-ways-can-banks-help-sme-green-finance-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ibsintelligence.com\/"},{"@type":"ListItem","position":2,"name":"In what ways can banks help SME green finance market?"}]},{"@type":"WebSite","@id":"https:\/\/ibsintelligence.com\/#website","url":"https:\/\/ibsintelligence.com\/","name":"IBS Intelligence","description":"Financial Technology News & FinTech Research","publisher":{"@id":"https:\/\/ibsintelligence.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibsintelligence.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibsintelligence.com\/#organization","name":"IBS Intelligence","url":"https:\/\/ibsintelligence.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/","url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png","contentUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png","width":299,"height":80,"caption":"IBS Intelligence"},"image":{"@id":"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ibsintelligence.cmc\/","https:\/\/x.com\/IBSIntelligence","https:\/\/www.instagram.com\/ibsintelligence\/","https:\/\/www.linkedin.com\/company\/ibs-intelligence\/","https:\/\/www.youtube.com\/channel\/UCLkzPazySerR8DzKFeFFGmw"]},{"@type":"Person","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/0ab658b4f7162e060853216737c46557","name":"Puja Sharma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/52cc919920005c5ef0aa20181fc9da98bc61a14c67ff7fc6884d1fee1ef66ce7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/52cc919920005c5ef0aa20181fc9da98bc61a14c67ff7fc6884d1fee1ef66ce7?s=96&d=mm&r=g","caption":"Puja Sharma"}}]}},"_links":{"self":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/ibsi_news\/564324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/ibsi_news"}],"about":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/types\/ibsi_news"}],"author":[{"embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/users\/35621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/media\/548729"}],"wp:attachment":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/media?parent=564324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/categories?post=564324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/tags?post=564324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}