At the 5th H.A.RI.MA annual conference with the theme “Managing Credit Risk in a VUCA era”, June 20th, Athens, BIIA contributed with its members with the panel “ESG Data in Credit Reporting”, in which the opportunities and challenges of ESG had been unpacked. 

It had been explored – framed by the volatile regulatory landscape and by the value the regulatory is creating beyond compliance:

  • In which countries globally are regulations is place and about related observations concerning regulations, opportunities and challenges.
  • The status and developments of ESG Data collection for sustainability reporting including the public – private Data hub solution globally and in specific markets.
  • The ESG Data availability especially in the MSME sector, the backbone of the global economy where traditionally there is a lack of public data globally.  
  • The adoption of the credit risk assessment definition with including physical and transition risks.
  • The status and the role of ESG related education in credit management. 

Big thanks to H.A.RI.MA and Nicolas Gouzelos, Chairman of H.A.RI.MA, for hosting and moderating this important credit management conference in Athens and to the BIIA Panel , who made this discussion so insightful for the audience:

  • Ingrid Riehl, Director BIIA Board & Management, BIIA (Moderation)
  • Gijs Barends, Co-Founder, Dataprovider.com
  • Paul Costers, Chief Sales Officer, Cedar Rose
  • Mykjung Kim, Deputy General Manager, Kodata
  • Simone Rampichini, Senior Director SynESGy, CRIF
  • Omer Kayhan Seyhun Seyhun, Chief Specialist, Rating and Risk Analysis Division, Central Bank of the Republic of Türkiye (CBRT)

Across the day, several takeaways stood out:

The challenges for the credit managers in the volatile and fast changing global trade environment and possibilities how to overcome.

The insights about and developments in the Factoring Market in Europe.

The warning that the increased use of AI and digital technology require a proper thought through “Plan B” to avoid outages and to keep the overall control on technology and insights provided.

Practice sharing and discussions about efficient credit policies and debt collection for better financial results.

Practice sharing and discussions about challenges in access to finance and how to overcome.

Inspirational speeches about the evolution in credit decision making and about empowering b2c credit.