Integrate sustainability into your working capital finance
On the CRX Marketplace you can link financing to your ESG goals and thus incentivize your own organization, but also your suppliers.
More and more companies want to reduce their environmental and social footprint out of their own conviction, encouraged by public opinion and regulatory requirements. To this end, they are developing sustainability strategies that predominantly formulate sustainability goals in the areas of environment (E=Environment), social (S=Social) and corporate governance (G=Governance), which is why the term "ESG criteria" is used to simplify the term. Financial institutions are reinforcing this trend as they increasingly assess sustainability risks as financial risks and have a strong interest in sustainable investments.
To make sustainability successes measurable, companies collect data and formulate key performance indicators (KPIs) to be achieved in the medium or long term. The KPIs differ, sometimes considerably, in the individual industries. In order to document the sustainability implemented in the company along its own value chain, many companies make use of ESG ratings from external agencies, such as EcoVadis, Sustainalytics, ISS ESG or MSCI. These are easy to implement and monitor, but cannot always be precisely synchronized with individual sustainability goals.
A comprehensive sustainability strategy also includes financing. That’s why more and more companies are turning to Sustainable Finance. Using objective KPIs, ratings or certifications, financing partners can evaluate sustainability and offer individual financing structures based on this. CRX Markets brings companies together with a large number of financing partners on its marketplace. This is especially important at present, as no fixed market standards have yet been established in sustainable finance. For this reason in particular, it is important for companies to be able to work with as numerous financing partners as possible with different perspectives on ESG criteria.
In our webinar "Green Finance – Promoting and demanding sustainability along the supply chain" you will learn more about the current drivers of sustainable supply chains and the principles of sustainable finance. Furthermore, we will give you an insight on how our client Nestlé managed to successfully implement a sustainable supply chain finance program via the CRX Marketplace.
How it works?
Company wants to establish ESG-relevant KPIs, ratings or certifications along its own value chain
CRX Markets and the company invite financing partners to sustainable working capital financing and agree on the relevant principles, targets and parameters such as KPIs as well as reporting
CRX Markets ensures ad-hoc reporting or ESG compliance on the CRX Marketplace
Financing partners receive validated information for working capital financing