43% of Small and Medium Enterprises Say "Green Transition Positively Impacts Business Activities"

IBK Industrial Bank Report Publication

[Asia Economy Reporter Buaeri] IBK Industrial Bank has published a survey report on the current status of green transition efforts among small and medium-sized enterprises (SMEs).

According to the survey report released on the 2nd, 30.6% of SMEs are aware of the green transition. The percentage of companies actually implementing green transition practices was found to be 14.1%.

42.6% responded that the green transition has a positive impact on their business activities, which is higher than the 8.6% who responded negatively.

The reasons for positive evaluation included 'cost reduction through energy savings (37.9%)', 'building an eco-friendly corporate image (36.1%)', and 'increased sales through securing technological competitiveness (13%)'.

Regarding social responsibility related to the green transition, the highest demand came from business partners (52.8%), followed by the government (43.5%) and customers (14.7%).

When pursuing green transition, SMEs expressed their expectations from financial institutions as financial support such as ‘improvement of interest rate conditions (63.9%)’, ‘expansion of green transition loan limits (23.6%)’, and ‘medium- to long-term loan funding support (22.6%)’, as well as non-financial support including ‘operation of consultation and counseling desks for green transition difficulties (44.3%)’, ‘provision of green transition education (37.7%)’, and ‘information provision on excellent SME green transition cases (26.2%)’.

An IBK Industrial Bank official stated, "We plan to closely understand the current status to promote the spread of green transition among SMEs and to further strengthen customized financial and non-financial service support by industry and company."

This content was produced with the assistance of AI translation services.