Spanish Government Introduces Eco-Track and Eco-Lab to Boost SME Access to Sustainable Financing
The Spanish government has launched Eco-Track and Eco-Lab to help SMEs more easily access sustainable financing and innovate in sustainability efforts.
- • Sustainable financing loans in Spain exceeded €90 billion in 2024.
- • Eco-Track simplifies SMEs' reporting of their sustainability footprint for financing.
- • Eco-Lab provides an innovation platform for sustainable finance solutions.
- • Government efforts include financial education and updates to green bonds framework.
Key details
On February 12, 2026, the Spanish government launched two innovative tools aimed at enhancing small and medium-sized enterprises' (SMEs) access to sustainable financing. Announced during a Sustainable Finance Council meeting, these initiatives—Eco-Track and Eco-Lab—are part of a broader effort to position Spain as a leader in sustainable finance adaptation for SMEs.
Carlos Cuerpo, the Minister of Economy, Trade and Industry, highlighted that loans for sustainable financing in Spain surpassed €90 billion in 2024, underscoring the significance of sustainable finance in the national economy. The newly unveiled Eco-Track tool streamlines the process by enabling SMEs to present a standardized and simplified summary of their sustainability footprint, which accelerates their ability to access bank financing.
Complementing this, Eco-Lab serves as an innovation hub dedicated to sustainable financing solutions. It offers a collaborative framework for knowledge exchange and the joint development of innovative financing strategies involving financial supervisors. This initiative aims to foster innovative approaches that support SMEs in their sustainability efforts.
The launch event was attended by key stakeholders, including José Luis Escrivá, governor of the Bank of Spain, and Carlos San Basilio, president of the National Securities Market Commission (CNMV). Alongside the new tools, ongoing efforts include financial education initiatives from the Bank of Spain and CNMV, sector-specific guidelines, and revisions to the green bonds framework—all designed to help SMEs navigate the evolving landscape of sustainable finance.
Minister Cuerpo emphasized the critical role of adapting to new sustainability challenges and opportunities, viewing this adaptation as a competitive edge for Spanish SMEs. These government initiatives demonstrate Spain’s commitment to supporting smaller businesses in integrating sustainability into their operations and financing practices.
This article was translated and synthesized from Spanish sources, providing English-speaking readers with local perspectives.
Source articles (2)
Source comparison
Year of economic growth forecast
Sources report different years for economic growth forecasts
bolsamania.com
"In 2024, loans for sustainable financing in Spain surpassed 90 billion euros."
democrata.es
"EY Insights and EsadeEcPol forecast that the Spanish economy will grow between 2.2% and 2.4% in 2026."
Why this matters: One source discusses economic growth in 2024 while the other focuses on growth projections for 2026. This discrepancy is significant as it affects the timeline and context of the economic information presented.