DJ Multitude SE: Multitude SE publishes first ESG Report under revised Group strategy
DGAP-Media / 2022-04-05 / 07:56
Media Release - ESG Report 2021
Multitude SE publishes first ESG Report under revised Group strategy
05 April 2022 Multitude is accelerating efforts to improve its ESG approach. The Group intends to transform financial services through automation and customisation and better serve customers and stakeholders through enhanced ESG integration into its practices. The latest ESG report demonstrates this commitment.
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 By 2025, the Group aims to:
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. Contacts: Lasse Mäkelä Head of External Communications Lasse.makela@multitude.com Hannes Merlecker Head of Investor Relations Hannes.merlecker@multitude.com
About Multitude SE: Multitude is a fully regulated growth platform for financial technology. Its ambition is to become the most valued financial ecosystem. This vision is backed by a solid track record of +16 years of building and scaling financial technology. Through its full European banking license, profound know-how in technology, regulation, cross-selling, and funding, Multitude enables a range of sustainable banking and financial services to grow and scale. Currently, it has three independent business units on this growth platform: Ferratum as a consumer lender, CapitalBox as a business lender, and SweepBank as a shopping and financing app. Multitude and its independent units employ over 700 people in 19 countries and together generated 213 million EUR turnover in 2021. Finnish based Multitude was founded in 2005 and is listed in the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'FRU.' www.multitude.com End of Media Release
-----------------------------------------------------------------------------------------------------------------------
Issuer: Multitude SE Key word(s): Finance
2022-04-05 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
-----------------------------------------------------------------------------------------------------------------------
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: ir@multitude.com
Internet: https://www.multitude.com/
ISIN: FI4000106XXX
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
End of News DGAP Media
=------------
1319941 2022-04-05
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1319941&application_name=news
(END) Dow Jones Newswires
April 05, 2022 01:56 ET (05:56 GMT)
