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ARTICLE · 14 NOVEMBER 2023

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Malta Enterprise Launches ESG Reporting Support For SMEs

The Sovereign Group
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Malta Enterprise announced the introduction of a new Environment, Social and Corporate Governance (ESG) Grant on 5 September to assist small and medium sized enterprises (SMEs)...

MaltaCorporate/Commercial Law
Stephen Griffiths
Stephen Griffiths
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Malta Enterprise announced the introduction of a new Environment, Social and Corporate Governance (ESG) Grant on 5 September to assist small and medium sized enterprises (SMEs) in reporting and assessing their ESG impact.

Eligible SMEs – from smaller enterprises that employ up to five full-time employees to medium-sized companies employing up to 250 full-time employees, or their equivalent – can receive up to €5,000 over three years to engage the services of an approved ESG advisor to help them in carrying out an assessment of their ESG performance.

Qualifying companies will be eligible for a cash grant of €3,000, capped at 75% of the costs associated with engaging an advisor to assist with ESG reporting. They will also have the option to receive an additional €1,000 cash grant in the subsequent two years.

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