Milan Summit Highlights Digital and Ecological Transition in Finance
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The recent Credito e finanza summit in Milan, a key event promoted by ABI (Italian Banking Association), served as a crucial platform for discussing the evolving landscape of credit for both households and enterprises, with a notable emphasis on the capital market. This year’s third edition, held over two days, placed particular importance on the digital and ecological transition, recognizing the urgent need for businesses to adapt to a more lasting future.
The Imperative of Digital and Ecological Transformation
A central theme of the summit was the critical role of digital technologies and sustainable practices in shaping the future of finance. francesco Di Ciommo, president of FDC Consulting Digital ESG, participated in a session dedicated to The credit for the digital and ecological transition.
He emphasized the profound cultural shifts required for companies to embrace sustainability,highlighting the potential for a virtuous transformation and reporting,becoming sustainable,creating value and increasing its performance accordingly.
“Companies are called to face profound cultural changes and to the possibility of a virtuous transformation and reporting, becoming sustainable, creating value and increasing its performance accordingly.”
Francesco Di Ciommo, President of FDC Consulting Digital ESG
This transformation is not merely about adopting eco-amiable initiatives; it’s about fundamentally rethinking business models to integrate environmental, social, and governance (ESG) factors into core strategies. According to a recent report by McKinsey, companies with strong ESG propositions often experience higher growth, lower costs, and improved productivity.
European SME Week and the focus on Family Credit
The Credito e Finanza event was strategically timed to coincide with the European Week of SMEs,an initiative championed by the European Commission to support and promote small and medium-sized enterprises. Moreover, a dedicated stream, created in collaboration with Assofin, specifically addressed credit solutions for families, acknowledging the importance of financial stability and access to credit for households.
The focus on SMEs is particularly relevant given their vital role in the European economy. According to the European Commission, SMEs account for 99% of all businesses in the EU, providing two-thirds of private sector jobs. Supporting their access to credit and facilitating their transition to more sustainable practices is thus crucial for overall economic growth and resilience.
Looking Ahead: Sustainable Finance as the New Norm
The discussions and insights shared at the Credito e Finanza summit underscore a growing consensus: sustainable finance is no longer a niche area but a fundamental requirement for long-term success. As businesses navigate the complexities of the digital and ecological transition,access to appropriate credit and investment will be paramount. Events like this play a vital role in fostering dialog, sharing best practices, and driving the necessary changes to create a more sustainable and resilient financial ecosystem.
