<aside> 💫 Goal: Efficiently share your VSME report with your stakeholders - e.g. banks, investors, customers, etc.
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Kube ESG is a joint product by Isabel Group and Karomia, created to help SMEs efficiently share their ESG data with key stakeholders such as banks, investors, and customers. The initiative was launched by Febelfin together with Belgium’s four major banks—ING, BNP Paribas Fortis, Belfius, and KBC—to empower SMEs. The platform centralizes ESG data, allowing SMEs to share their VSME information securely and selectively through one system, reducing the need to respond to multiple surveys or one-off data requests. Essentially, KubeSG acts as a secure company vault for managing and sharing ESG data within a unified ecosystem.
Kube ESG leverages the VSME report and is thus following the value chain cap which the EU is putting in place to protect companies from different ESG data request. A VSME represents the maximum data-set any stakeholder can request from a EU company (which is not in scope of CSRD).
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A 🇧🇪 Belgian & 🇱🇺 Luxembourgish initiative for companies to securely store and share their ESG data with banks, investors and customers.
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In order to be compliant with their own regulatory requirements banks and investors need from their clients/portfolio companies their ESG data. The banks and investors define themselves from which companies they require the ESG data. For example for investors it depends on their own SFDR regulatory obligations whether they require the ESG data from their portfolio companies.
Here is an overview of the data points required by banks:
When your VSME report is finalised on the Karomia platform, your data points are validated, you can share your report to Kube ESG.
Go to the Karomia platform and open the VSME report you’d like to submit on Kube. From the URL, retrieve the report ID, as indicated in the example below.
Get un touch with Karomia’s support - and ask our customer support to submit this report (with the appropriate ID number on Kube.
Each disclosure requirement is clearly marked as either generated or not yet generated, making it easy to track progress.
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Ask to submit your report only after the report is final & ready to be submitted.
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