• Published on 8 November 2024
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ANEXT Bank launches Net Zero Collective to support MSMEs' sustainable transition

The Net Zero Collective programme by ANEXT Bank aims to support micro, small, and medium-sized enterprises (MSMEs) to adopt sustainable practices with greater ease and confidence.

MSMEs contribute up to 70% of scope 3 emissions of large corporations, making their role critical in achieving global climate goals. As a result, ESG compliance is becoming increasingly urgent and essential for MSMEs.

While a majority of MSMEs have indicated ESG a high priority—recognising the importance of sustainable practices not only for the environment but for long-term business resilience and customer loyalty—many struggle to get started due to the lack of know-how, manpower and funding.

Aligned with ANEXT Bank's vision to innovate with purpose and address MSMEs' pain points, the Net Zero Collective programme leverages its tech-driven DNA to lower the barriers and empower MSMEs with control and visibility on their net zero journey by:

• Integrating ESG data disclosure directly into ANEXT Bank's online banking platform, and
• Offering tailored support, including educational content and capability-building resources such as digital solutions and financing, based on data-led insights from ESG disclosures and operational data.

The programme will be rolled out in phases throughout 2025.

Re-disseminated by The Asian Banker