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As The Fintech Times comes to a close this month with a focus on fintech, we wanted to conclude with a look at a range of success stories. Earlier this week, we covered the “pandemic pivot” success stories, but this time we’ve shifted our focus to specifically focus on environmental, social and governance (ESG) related success stories.
steve sandersMarket Development Strategist and Business Advisor business growth mechanism Dunoon, Scotland has embarked on a journey to regenerate and increase the sustainability of its communities. We recognized this as an opportunity to study the ongoing operations of our community more carefully.
Many examples have emerged of ways to reuse materials and sustainably invest in infrastructure that build resilience and ethics into the fabric of our communities. So much so that they even create reusable templates in case people choose to follow them around the world.
Throughout this project, all those in the local community and multiple perspectives of the supply chain serving that community, as well as the visiting tourists, have all been treated with care and consideration. Our increased positivity will continue to amplify the success of the Dunoon project.
James Lynnco-founder currencyMulti-currency travel card company explains its commitment to offsetting some of the environmental impact of the travel industry and working with charities: A simple, convenient and cost-effective way to offset your vacation.
When we launched Currensea, we wanted to not only minimize foreign exchange (FX) fees when travelers spend their time abroad, but also provide an effective way to give back to some cause. closest to their hearts through partnerships with plastic bank When tree point, travelers can choose to help the environment every time they save FX fees. For every twelve pence saved he has a tree planted and for every pound her 100 bottles are removed from the sea.
As a business, this is our first summer unaffected by COVID-19, but by helping the environment every time we spend time abroad, our customers have already planted over 100,000 trees and donated 1.2 million trees from the sea. We’ve eliminated more than one plastic bottle from their holiday spending.By avoiding high interest rates and hidden costs, every deal is at least 85 percent and up to 100 percent cheaper than any deal offered by the big banks. and allow people to donate some or all of their savings to protect society.
Of course, ESG is not just about the environment, it is imperative that fintech goes beyond offsetting and supports sustainability. Last year we launched our powered by programme. This is a unique offer that allows the charity to partner with his Currensea to issue branded cards to supporters, allowing them to round up their spending in the UK or convert the savings they earn from spending abroad into charitable donations.
Just over six months after launching ‘powered by’, we are already supporting a range of charities, including: Royal Trinity Hospice When St Martin in the Fieldsalso partnered with knight frank Provide employees with a branded card as part of the company’s new hire benefits package, enabling them to support environmental charities Surfer against sewage“
CEO of a lending institution, salad money, Tim Rooneycommented on the partnership with Yapili You can make a positive impact. NHS Public sector workers are unable to improve their finances due to their low credit scores and lack of access to suitable financial instruments. In direct response to this, we are working with open banking platform Yapily to provide affordable credit to key workers across the UK, eliminating the need for applicants to obtain a good credit her score. Did.
In addition to providing users with access to previously denied credits, Yapily’s open banking platform allows us to offer our customers profit verification services. Basically, this is a free online tool. provides automated benefits assessments that help key workers understand what they are entitled to: research shows that 16bn of benefits remain unclaimed in the UK increase.
For example Lucy. Lucy, a nurse from Wales, used to struggle to improve her credit score. With Salad Money, Lucy was able to find the best way to pay off the loan that had sustained her during her financially difficult times.
With the UK now facing an unprecedented cost of living crisis, the demand for this tool is higher than ever, making NHS and public sector workers particularly vulnerable. , together with Yapily, have helped individuals identify total unclaimed profits of 10.1m.
Ein McDougallChief Commercial Officer of open banking organization Yapily said about the partnership and coming together to help people through the cost of living crisis: person’s. Responsible lending is more important than ever in the context of the cost of living crisis. Open banking is a force for good, increasing affordability and transparency so that people can break the precarious debt cycle and ultimately access the right financial products and services.
So how does it work? By using Yapily’s open banking platform, companies like Salad Money can instantly capture their customers’ bank account transactions and analysts’ spending patterns to make more money. An unbiased and holistic assessment of creditworthiness can be made, a clear example of how open banking has made credit accessible to previously denied people. You can identify tangible changes to your income that are readily accessible when you need it most.
Every individual should have access to convenient money management tools, improve their financial well-being, and feel in control of their finances. There is tremendous power in using technology to improve the financial lives of people and businesses in the UK and around the world.
Laura PomerCEO Energy Fundersis a U.S. oil and gas field investment platform that explains why it is important to carefully research and select partners and consider the public impact of your decisions. The beauty of my role at EnergyFunders is that I have complete control over which wells I invest in and why. Originally from Boulder, Colorado, I make environmental protection a top priority, but I can’t deny that our society is heavily dependent on oil and gas. We can’t stop the entire industry from drilling new wells, but what I can do is to select our projects, partner operators, and investments that are least harmful to the environment.
In addition to drilling conventional oil wells, we have also launched a fund to utilize stranded natural gas wells. , has been left to release natural gas into the atmosphere without regard for its environmental impact, which in our case is now being used by another controversial energy consumer. It can generate electricity to power a bitcoin mine.
While most Bitcoin miners draw large amounts of electricity from the grid you and I rely on, our wells are completely off-grid and have no impact on public energy demand. In fact, we are leveraging previously wasted resources, democratizing energy investment, and opening our hearts to cryptocurrencies, which the energy industry believes is the future of the digital economy.
