Multitude SE: Multitude SE publishes first ESG Report under revised Group strategy
Media Release - ESG Report 2021 Multitude SE publishes first ESG Report under revised Group strategy 05 April 2022 Multitude SE has published the ESG Report 2021, the first report detailing the new ESG strategy, following the Group's rebranding to Multitude. The Group strategy positions Multitude as a fully regulated growth platform for financial technology in line with the vision to become the most valued financial ecosystem. The ESG strategy builds on this vision and the Group ambition to democratise financial services through digitalisation, making them fast, easy, and green. The ESG report 2021 outlines first steps towards integrating ESG into the Group's strategy and the ESG Goals for 2025. Multitude's focus will be on social and governance matters related to people and processes, the two areas of significant impact and risk, whilst also embedding green and sustainable practices in ways of working. The ESG strategy will be implemented within the Group's three tribes; Ferratum, a consumer lender, CapitalBox, a business lender, and SweepBank, a shopping and financing app that have each set ESG goals incorporating differences in customer segments. "The three tribes or individual business units, in the Multitude ecosystem, SweepBank, Ferratum, and CapitalBox are poised to enable delivery of the Group ESG goals, leveraging proprietary technology and the tribe segmentation model to drive financial inclusion and aligninment of lending towards a more sustainable product offering, particularly with regards to SMEs" says Group ESG Officer, Nontokozo Khumalo 1. Embed ESG conscious practices within the tribes and chapters 2. Monitor, report on, and improve stakeholder well-being 3. Understand and reduce the Group's environmental footprint The Group is committed to measuring its carbon footprint in 2022 and has plans to develop appropriate targets. Multitude is working with a Swedish-based company, Normative, to support efforts in measuring the carbon footprint of the Group. The Group has also been redefining its employee value proposition, aiming to become an employer of choice in the FinTech community by continuing to build on the current strong employee value proposition. All employees now work within a hybrid model set-up, and offices are being re-assessed to support the needs of this new way of working. Link to ESG report can be found here. About Multitude SE: End of Media Release Issuer: Multitude SE Key word(s): Finance
05.04.2022 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Multitude SE |
Ratamestarinkatu 11 A | |
00520 Helsinki | |
Finland | |
Phone: | +49 (0) 30 9210058-44 |
Fax: | +49 (0)30 9210058-49 |
E-mail: | [email protected] |
Internet: | https://www.multitude.com/ |
ISIN: | FI4000106299 |
WKN: | A1W9NS |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1319941 |
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1319941 05.04.2022