The ESG Consortium’s panel discussion on “Unlocking Financing Opportunities for SMEs in Construction” at Build4Asia was a resounding success! A big thank you to our esteemed panelists, Cyrus, Serena, and Pascal, for sharing their practical advice on securing financing for SMEs in the construction industry. Here are some key takeaways:

1️⃣ Prepare ESG-related data and reports: Panelist Cyrus emphasized the importance of integrating Environmental, Social, and Governance (ESG) factors into your business operations. By collecting and presenting ESG-related data and reports, SMEs can showcase their commitment to sustainability and attract potential lenders and investors.

2️⃣ Update and align with local banking guidelines: Serena shed light on the significance of staying updated with local banking guidelines. For instance, the Green and Sustainable Finance Grant Scheme by HKMa provides financial support to business adopting sustainable practices. Aligning your business with these guidelines can open doors to financing opportunities and contribute to your long-term success.

3️⃣ Do it right and do it now: Pascal stressed the importance of taking action promptly. With the growing emphasis on sustainability and the increasing availability of financing options, SMEs should seize the opportunity to adopt sustainable practices and position themselves as leaders in the industry. By doing so, they can not only secure financing but also gain a competitive edge.

We’re grateful to Cyrus, Serena, and Pascal for their invaluable insights, which will undoubtedly empower SMEs in the construction sector to navigate the financing landscape effectively.Now is the time to embrace sustainability, leverage available resources, and position your business for success.