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ESG Profiling for SMEs and Startups: Instructions for Use at Fintech Future 2021

This year, the association has made: a two-year partnership with the international law firm Dentons to promote the fintech, insurtech, and proptech sectors; an agreement with the same objective with Confindustria Assoimmobiliare and another with the college of real estate, credit, and commodity brokers Fimaa Milano Lodi Monza Brianza; a partnership with Deloitte to promote the fintech sector.

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By virtue of the provisions of the EBA (European Banking Authority) that financial institutions are beginning to apply, since last July 1st, all companies applying for bank financing must have an ESG (Environmental, Social and Governance) profile, with specific reference to activities to combat climate change on the planet. The issues of timing, compliance and related costs of the ESG profile for startups and SMEs will be discussed on Thursday, December 2nd, 2021 at Fintech Future 2021, the annual free event of AssoFintech, the Italian association for fintech and insurtech.

The event, of which BeBeez is media partner, will be held at Palazzo delle Stelline in Milan from 9.00 am to 1.00 pm, in presence and streaming. Speakers: Alessandro M. Lerro, lawyer, founder of Avvocati.net and expert in sustainable finance; Camillo Zana, expert in ESG certification; Massimiliano Braghin, CEO of Infinity Hub, one of the first Italian benefit and ESCO (Energy service company) specialized in green projects; Giancarlo Giudici, scientific director of the Crowdinvesting Observatory of the School of Management of the Politecnico di Milano.

The event will be an opportunity to take stock of the evolution of the sector at the normative and regulatory level, with the participation at the opening roundtable of representatives of the supervisory authorities and institutions: Maurizio Bernardo, president of Assofintech; Paolo Ciocca, Consob commissioner; Stefano Cappiello, manager of the Ministry of Economy and Finance, VI Direzione Sistema Bancario e Finanziario Department of the Treasury; Giulio Centemero, Finance Commission of the Chamber of Deputies; Giuseppe Vegas, president of the advisory board of Assofintech. There will be in-depth discussions and workshops on the topics of open banking and open finance, ESF objectives, asset tokenization and there will also be a meeting dedicated to the trend of fintech outside Europe, with a comparison between representatives of the two international fintech associations that are Assofintech’s partners: FinTech Australia and the Israeli Fintech Community.

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AssoFintech has the purpose of representing the activity of fintech and insurtech companies in Italy

The aim, in particular, is to analyze the criticalities of the sector, to dialogue with the institutions on the normative elaboration, to promote the knowledge, also through common moments of divulgation, and the qualitative growth of the entrepreneurial sector, to elaborate and apply its own professional code of ethics. The member companies are engaged, by way of example and not exhaustively, in the following business sectors: personal financial management and savings; equity crowdfunding; lending crowdfunding; – invoice trading; payment instruments; blockchain and digital currencies; anti-money laundering, risk management, and compliance; insurtech.

This year, the association has made: a two-year partnership with the international law firm Dentons to promote the fintech, insurtech, and proptech sectors; an agreement with the same objective with Confindustria Assoimmobiliare and another with the college of real estate, credit, and commodity brokers Fimaa Milano Lodi Monza Brianza; a partnership with Deloitte to promote the fintech sector. By virtue of this latest agreement, members of the Deloitte Consulting fintech team have become part of the association’s work. Marco Mione, manager of the fintech team of Deloitte Consulting has become a member of the advisory board of Assofintech, in order to assist and support the association in relation to strategies and initiatives undertaken by it. The board, created last June, is chaired by Giuseppe Vegas, former president of Consob, is now president of the Italian fintech company Arisk and is very involved in the sector.

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(Featured image by geralt via Pixabay)

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First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.