{"id":6459,"date":"2021-09-30T16:50:37","date_gmt":"2021-09-30T14:50:37","guid":{"rendered":"https:\/\/update.tsi-kompakt.de\/?p=6459"},"modified":"2024-01-21T18:03:11","modified_gmt":"2024-01-21T17:03:11","slug":"sustainable-finance-challenges-and-opportunities-for-german-smes","status":"publish","type":"post","link":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/","title":{"rendered":"Sustainable Finance – Challenges and Opportunities for German SMEs"},"content":{"rendered":"

“There is no alternative” – the well-known quote by Margaret Thatcher in her plea for more market and competitiveness of the British economy in the early 1980s also fits the environmental and climate policy goals of the EU today. Indeed, the need to transform the European economy to adapt it to climate change mitigation and adaptation measures is likely to have no alternative. As a means for the transformation to more sustainability, however, the EU relies less on market instruments and more on the regulating hand of a classification of economic activities according to their current malus in achieving environmental and climate policy goals. The corresponding taxonomy and the financial market regulation referencing it (Sustainable Finance) are intended to steer the mobilization and channeling of financial resources by the financial sector and thus force a rapid transformation of the real economy toward greater sustainability.<\/p>\n

Sustainable Finance – for German SMEs<\/h4>\n

Ingmar J\u00fcrgens and Christian Fahrholz discuss what this path toward a sustainable economy will most likely mean for companies and especially for German SMEs in a recent article in the magazine “die bank” that is well worth reading. This article addresses the challenges, but also identifies opportunities and outlines perspectives for implementation so that the German SME sector can function as a driver of transformation.<\/p>\n

The authors argue not only for more proportionality in sustainability regulation, but also in particular for an application of the EU Green Bond (EuGB) standard as a reference framework for ESG-compliant investments in the capital markets (see TSI compact July 6, 2021<\/a>). They see potential for more market in the financing of sustainable transformation precisely in the further development of the legal framework for securitisation markets. It is possible that Margaret Thatcher post hum is right that more market and competitiveness of the economy effectively contribute to achieving the environmental and climate policy goals that have no alternative – but we still have to take the necessary steps to achieve this.<\/p>\n

To cross-post the article at Climate & Company.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“There is no alternative” – the well-known quote by Margaret Thatcher in her plea for more market and competitiveness of the British economy in the early 1980s also fits the environmental and climate policy goals of the EU today. Indeed, the need to transform the European economy to adapt it to climate change mitigation and<\/p>\n

\n
<\/div>\n

Read More<\/a><\/div>\n","protected":false},"author":18,"featured_media":6236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[663],"tags":[759,766,767,765,768],"class_list":["post-6459","post","type-post","status-publish","format-standard","has-post-thumbnail","category-publications","tag-eu-green-bond-eugb-standard-en","tag-financial-market-regulation","tag-sme-financing","tag-sustainable-finance-en","tag-taxonomy","entry"],"yoast_head":"\nSustainable Finance - Challenges and Opportunities for German SMEs - TSI kompakt<\/title>\n<meta name=\"description\" content=\"What the path toward a sustainable economy (Sustainable Finance) means for companies and in particular for German SMEs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sustainable Finance - Challenges and Opportunities for German SMEs - TSI kompakt\" \/>\n<meta property=\"og:description\" content=\"What the path toward a sustainable economy (Sustainable Finance) means for companies and in particular for German SMEs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"TSI kompakt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-30T14:50:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-21T17:03:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tsi-kompakt.de\/wp-content\/uploads\/2021\/11\/iStock-1003433150_Sustainable-Finance_Mittelstand.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1365\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Monika Beye\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monika Beye\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/\"},\"author\":{\"name\":\"Monika Beye\",\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/#\\\/schema\\\/person\\\/e8fa3fba4a0fddd032e80e515eb30cbe\"},\"headline\":\"Sustainable Finance – Challenges and Opportunities for German SMEs\",\"datePublished\":\"2021-09-30T14:50:37+00:00\",\"dateModified\":\"2024-01-21T17:03:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/\"},\"wordCount\":342,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/iStock-1003433150_Sustainable-Finance_Mittelstand.png\",\"keywords\":[\"EU Green Bond (EuGB) Standard\",\"Financial market regulation\",\"SME financing\",\"Sustainable Finance\",\"Taxonomy\"],\"articleSection\":[\"Publications\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/\",\"url\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/\",\"name\":\"Sustainable Finance - Challenges and Opportunities for German SMEs - TSI kompakt\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/iStock-1003433150_Sustainable-Finance_Mittelstand.png\",\"datePublished\":\"2021-09-30T14:50:37+00:00\",\"dateModified\":\"2024-01-21T17:03:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/#\\\/schema\\\/person\\\/e8fa3fba4a0fddd032e80e515eb30cbe\"},\"description\":\"What the path toward a sustainable economy (Sustainable Finance) means for companies and in particular for German SMEs.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/iStock-1003433150_Sustainable-Finance_Mittelstand.png\",\"contentUrl\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/iStock-1003433150_Sustainable-Finance_Mittelstand.png\",\"width\":1365,\"height\":768,\"caption\":\"Sustainable Finance \u2013 Herausforderungen und Chancen f\u00fcr den deutschen Mittelstand\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/en\\\/2021\\\/09\\\/sustainable-finance-challenges-and-opportunities-for-german-smes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sustainable Finance – Challenges and Opportunities for German SMEs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/#website\",\"url\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/\",\"name\":\"TSI kompakt\",\"description\":\"The blog about credit and securitisation markets\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.tsi-kompakt.de\\\/#\\\/schema\\\/person\\\/e8fa3fba4a0fddd032e80e515eb30cbe\",\"name\":\"Monika Beye\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c1db42ce54f40a38b0c165d12dc4ffa8780dedbac222b29d4542ecf47763f689?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c1db42ce54f40a38b0c165d12dc4ffa8780dedbac222b29d4542ecf47763f689?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c1db42ce54f40a38b0c165d12dc4ffa8780dedbac222b29d4542ecf47763f689?s=96&d=mm&r=g\",\"caption\":\"Monika Beye\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sustainable Finance - Challenges and Opportunities for German SMEs - TSI kompakt","description":"What the path toward a sustainable economy (Sustainable Finance) means for companies and in particular for German SMEs.","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:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/","og_locale":"en_US","og_type":"article","og_title":"Sustainable Finance - Challenges and Opportunities for German SMEs - TSI kompakt","og_description":"What the path toward a sustainable economy (Sustainable Finance) means for companies and in particular for German SMEs.","og_url":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/","og_site_name":"TSI kompakt","article_published_time":"2021-09-30T14:50:37+00:00","article_modified_time":"2024-01-21T17:03:11+00:00","og_image":[{"width":1365,"height":768,"url":"https:\/\/www.tsi-kompakt.de\/wp-content\/uploads\/2021\/11\/iStock-1003433150_Sustainable-Finance_Mittelstand.png","type":"image\/png"}],"author":"Monika Beye","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Monika Beye","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/#article","isPartOf":{"@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/"},"author":{"name":"Monika Beye","@id":"https:\/\/www.tsi-kompakt.de\/#\/schema\/person\/e8fa3fba4a0fddd032e80e515eb30cbe"},"headline":"Sustainable Finance – Challenges and Opportunities for German SMEs","datePublished":"2021-09-30T14:50:37+00:00","dateModified":"2024-01-21T17:03:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/"},"wordCount":342,"commentCount":0,"image":{"@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tsi-kompakt.de\/wp-content\/uploads\/2021\/11\/iStock-1003433150_Sustainable-Finance_Mittelstand.png","keywords":["EU Green Bond (EuGB) Standard","Financial market regulation","SME financing","Sustainable Finance","Taxonomy"],"articleSection":["Publications"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/","url":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/","name":"Sustainable Finance - Challenges and Opportunities for German SMEs - TSI kompakt","isPartOf":{"@id":"https:\/\/www.tsi-kompakt.de\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/#primaryimage"},"image":{"@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tsi-kompakt.de\/wp-content\/uploads\/2021\/11\/iStock-1003433150_Sustainable-Finance_Mittelstand.png","datePublished":"2021-09-30T14:50:37+00:00","dateModified":"2024-01-21T17:03:11+00:00","author":{"@id":"https:\/\/www.tsi-kompakt.de\/#\/schema\/person\/e8fa3fba4a0fddd032e80e515eb30cbe"},"description":"What the path toward a sustainable economy (Sustainable Finance) means for companies and in particular for German SMEs.","breadcrumb":{"@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/#primaryimage","url":"https:\/\/www.tsi-kompakt.de\/wp-content\/uploads\/2021\/11\/iStock-1003433150_Sustainable-Finance_Mittelstand.png","contentUrl":"https:\/\/www.tsi-kompakt.de\/wp-content\/uploads\/2021\/11\/iStock-1003433150_Sustainable-Finance_Mittelstand.png","width":1365,"height":768,"caption":"Sustainable Finance \u2013 Herausforderungen und Chancen f\u00fcr den deutschen Mittelstand"},{"@type":"BreadcrumbList","@id":"https:\/\/www.tsi-kompakt.de\/en\/2021\/09\/sustainable-finance-challenges-and-opportunities-for-german-smes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.tsi-kompakt.de\/"},{"@type":"ListItem","position":2,"name":"Sustainable Finance – Challenges and Opportunities for German SMEs"}]},{"@type":"WebSite","@id":"https:\/\/www.tsi-kompakt.de\/#website","url":"https:\/\/www.tsi-kompakt.de\/","name":"TSI kompakt","description":"The blog about credit and securitisation markets","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tsi-kompakt.de\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tsi-kompakt.de\/#\/schema\/person\/e8fa3fba4a0fddd032e80e515eb30cbe","name":"Monika Beye","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c1db42ce54f40a38b0c165d12dc4ffa8780dedbac222b29d4542ecf47763f689?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c1db42ce54f40a38b0c165d12dc4ffa8780dedbac222b29d4542ecf47763f689?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c1db42ce54f40a38b0c165d12dc4ffa8780dedbac222b29d4542ecf47763f689?s=96&d=mm&r=g","caption":"Monika Beye"}}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/posts\/6459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/comments?post=6459"}],"version-history":[{"count":1,"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/posts\/6459\/revisions"}],"predecessor-version":[{"id":6460,"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/posts\/6459\/revisions\/6460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/media\/6236"}],"wp:attachment":[{"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/media?parent=6459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/categories?post=6459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tsi-kompakt.de\/en\/wp-json\/wp\/v2\/tags?post=6459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}