Finastra presents annual Environmental, Social, and Governance report
Insights and data reflect Finastra’s commitment to sustainability, inclusion, equity and ‘doing well by doing good’
London, UK – September 30, 2024 – Finastra, a global provider of financial services software applications, today presented its annual Environmental, Social, and Governance (ESG) report for 2023, titled ‘Sustainable value creation in the world of financial services’.
Ines Zucchino, SVP of Strategy and ESG at Finastra said: “Helping the financial services industry to harness the power of Open Finance, to enable accessible and affordable services for all, is at the heart of our operations. The insights and data outlined in the report reflect on the milestones that Finastra has achieved this past year and set out a roadmap for how finance and technology, including cloud adoption and the use of Application Programming Interfaces (APIs), can help to build a better and more sustainable future. The Finastra mantra of ‘doing well by doing good’, under which we have always operated, rings true and we are pleased to share this update with the industry.”
2023 report highlights include:
The E in ESG: Making substantial progress towards targets of reducing carbon emissions by 50% by 2025 and to reach net zero by 2050, aligning with global initiatives such as the UN Global Compact Business Ambition for 1.5°C and the Race to Zero initiative.
- 7 LEED-certified buildings in 2023 (Leadership in Energy and Environmental Design)
- 61% reduction in carbon emissions from 2019 baseline
- B- CDP score
The S in ESG: Providing an environment where employees can develop and grow their careers while positively impacting their communities, and an ongoing comprehensive program to maintain a positive employee experience through diversity, equity and inclusion (DEI).
- 50% women on the Executive Leadership Team in 2023
- 40% women employees in 2023
- 10,000+ hours of employee volunteering
- $1million+ in employee and corporate donations to charity
The G in ESG: The company’s governance framework ensures robust oversight, accountability and ethical conduct, complemented by comprehensive risk management practices to safeguard our assets and reputation.
- 55% women on the Board in 2023
- 71st percentile in EcoVadis assessment (Bronze medal)
Simon Paris, CEO at Finastra said: “We champion not only financial innovation, but a sustainable future for all. Our journey to Open Finance, and the benefits we believe it enables – new financial ecosystems, more sustainable decision-making, and positive societal change - underpins our purpose of unlocking the potential of every person, business and community everywhere. We look forward to continuing to work with our customers and our partner ecosystem to build on our progress to date, delivering strategic initiatives through software solutions across Lending, Payments, Treasury and Capital Markets, and Universal Banking, in this valuable and essential movement.”
Read the full Finastra ESG 2023 report here: https://www.finastra.com/about/environment-social-governance/esg-report-2023
For further information please contact:
Caroline Duff
Global PR Director
T: 07552865009
E: caroline.duff@finastra.com
Finastra.com
About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of open finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.