Supporting sustainable financing through digital innovation
MioTech’s innovative platform helps guide the structuring and monitoring of sustainability-linked financing products.
Miotech's sustainability-linked product (SLP) solution offers a comprehensive suite of tools and services that helps financiers navigate the lifecycle of sustainability-linked products. Photos: MioTech
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The growing momentum behind sustainability finance has catalysed the emergence of innovative tools that enable financiers to establish robust environmental, social and corporate governance (ESG) benchmarks linked to such instruments.
Among these pioneering solutions, MioTech’s sustainability-linked product (SLP) solution stands out with its comprehensive suite of tools and services that helps bankers and investors navigate the lifecycle of sustainability-linked products.
“We created this solution to give financiers more bargaining power during key performance indicator (KPI) and sustainability performance target (SPT) negotiations when structuring sustainability-linked products,” shared Mr Jason Tu, founder and CEO of MioTech.
AN END-TO-END SOLUTION
In sustainability finance, the pre-issuance phase is critical as it sets the foundation for an entity’s sustainability’s objectives. MioTech’s SLP solution boasts an extensive database of industry-specific KPI recommendations, giving financiers valuable data-driven insights that inform their decision-making processes.
The recommendations consider peer performance as a comparable benchmark, enabling financiers to negotiate performance targets that are not only ambitious but also contextualised within the borrower’s ongoing performance and that of its industry peers.
Post-issuance, MioTech’s SLP solution continues to play a pivotal role. It offers performance monitoring and analytical tools that track portfolio companies’ adherence to the set SPTs, ensuring a structured and transparent assessment of progress.
A standout feature of this solution is the integration of data with financiers’ internal systems on a unified dashboard. This offers users a holistic view of their portfolios’ latest performance relative to the SPTs.
MioTech also places a strong emphasis on forging strategic collaborations with reputable third-party assurance providers to reinforce the credibility of performance results through thorough audits and independent verification.
DRIVING SUSTAINABLE SUPPLY CHAINS
MioTech is set to unveil its Sustainability Linked Payment (SLPay) tool at the Singapore FinTech Festival. SLPay is designed to promote green practices in supply chains by enabling buyers to set clear sustainability standards and encourage suppliers to embrace eco-friendly practices.
“We believe that SLPay will be an invaluable asset for businesses seeking to embed sustainability into their financial operations while catalysing positive change throughout their supply chains,” said Mr Tu. “This product marks a significant step forward in sustainable finance, and we’re eager to showcase how it can revolutionise the way businesses engage with sustainability-linked payments.”
Find out more about MioTech’s innovative solutions for a more sustainable future.
Learn more about the future of finance at the Singapore FinTech Festival from Nov 15 to 17, 2023.
