Credibl And SIBS Partner To Support Financial ESG Risk Management

In September 2025, Credibl – a provider of sustainability software for data management, reporting and compliance – announced a partnership with SIBS, a financial services and payments provider, to strengthen sustainability data and reporting capabilities in line with European Banking Authority (EBA) requirements. This collaboration represents a step forward in building a robust sustainability data repository for firms in Portugal and for improving access to ESG public data.

Financial institutions are increasingly expected to address a wide range of ESG and sustainability challenges, such as climate resilience, biodiversity loss and social inclusion. Indeed, recent EBA updates require financial institutions to integrate climate-related physical and transition risks directly into core frameworks for governance, risk management and capital planning. This demands not just compliance, but a transformation of financial services to support the low-carbon transition, fund green innovation and manage the financial risks of climate change.

However, new ESG and sustainability reporting mandates also increase the regulatory burden for financial institutions, who must balance sustainability reporting requirements with differing investor expectations. Many struggle to extract reliable ESG performance data from assets and investments — a problem particularly acute in private equity, where firms face diverse sector priorities, mismatched data collection methods and varying risk profiles

Additionally, the EBA has reinforced its focus on corporate governance and integrity, requiring sustainability data to be treated with the same rigour as financial reporting. The SIBS-Credibl partnership speaks directly to this challenge. By combining Credibl’s AI-driven capabilities for data collection, validation and analysis with the SIBS ESG platform, the joint solution is positioned to be audit-ready for demanding regulations such as the EU Corporate Sustainability Reporting Directive (CSRD).

The collaboration between SIBS and Credibl represents a step forward in the integration of financial and sustainability information. Physical and transition risks bring opportunities to financial institutions to align sustainability outcomes with financial resilience. Hence, we may see further collaborations between technology providers and software firms, pushing the industry beyond compliance by directing capital toward businesses and projects that support long-term environmental and social goals. 

To explore how financial institutions are shaping their sustainability strategies, see Verdantix Strategic Focus: ESG & Sustainability Strategies In Banking And Financial Services. For insights into how sustainability reporting software providers can help firms meet sustainability compliance requirements in the financial sector, see Verdantix Green Quadrant: ESG & Sustainability Reporting Software (2025).