pioneering sustainable finance
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Issuer: ID Finance Investments, S.L.
/ Key word(s): ESG/ESG
27th June 2024 – ID Finance, leading Fintech company in Spain and Mexico, has released its 2023 Sustainability Report, highlighting significant progress in Environmental, Social, and Governance (ESG) practices. The report underscores ID Finance's commitment to sustainable development, responsible financing, and impactful social initiatives across its operations in Spain and Mexico. In 2023, ID Finance laid a strong foundation for sustainable growth, achieving notable recognition such as the IQNet SR 10 certification from AENOR, which confirms its Social Responsibility Management System aligns with global standards. Additionally, the company completed its carbon footprint verification for 2022 and received the COMPENSO certificate from the Spanish Ministry for Ecological Transition and Demographic Challenge. This certificate validates ID Finance's commitment to environmental responsibility through carbon offset projects. The company expects to receive the equivalent certification for 2023 soon. Moving forward, ID Finance plans to enhance its efforts to fully offset its CO2 emissions, reinforcing its commitment to achieving carbon neutrality. Commitment to a Sustainable Business Model ID Finance champions a business model built on the pillars of ethical financing, transparency, and comprehensive client support, underpinned by an extensive risk management framework. Its pioneering financial solutions, notably its flagship financial wellness app Plazo and cornerstone of its strategic initiatives, have been recognized for enhancing financial inclusion and well-being. In 2023, the company also received the Best ESG Inclusive Finance Solutions award from Capital Finance International. The 2023 ESG report further accentuates ID Finance's uncompromising stance against corruption and fraud, strengthened by rigorous internal policies and educational initiatives. The firm's adherence to the highest standards of data protection and privacy is validated through meticulous audits and compliance with both local and international regulations. Looking forward, ID Finance is unwavering in its ambition to amplify its beneficial impact on the environment, society, and the financial sector. “Our dedication to sustainability is an ongoing journey, and we are committed to making substantial contributions to the UN Sustainable Development Goals, thereby generating added value for our shareholders,” stated Boris Batine, co-founder of ID Finance. “Moreover, by implementing CSR policies, we are contributing to a more sustainable and equitable world. This results in direct benefits for the communities we serve, including the creation of sustainable employment opportunities and the promotion of a healthy workplace environment,” he added. Championing Equality, Diversity, and Human Rights ID Finance is steadfast in its commitment to cultivating an inclusive work environment that promotes equality, diversity, and respect for human rights in alignment with its core values of sustainability. Rooted in the United Nations Universal Declaration of Human Rights, the company's policies create a workplace that cherishes individual dignity, freedom, and rights. Approaching the UN Goal: Women in Leadership A testament to its commitment to gender equality is the remarkable achievement of women constituting 38% of leadership roles in 2023. This milestone not only reflects ID Finance's dedication to enhancing diversity and empowering women within its corporate structure but also signals its proximity to reaching the United Nations' goal of 40% female representation in management positions in 2025.
About ID Finance
ID Finance is a leading fintech company in Spain and Mexico, specializing in providing innovative financial solutions. Always committed to responsible practices, the company consistently achieves solid financial performance while maintaining the highest standards in integrity and customer satisfaction. For seven years in a row, the company has been listed among the fastest-growing companies in Europe in the FT1000 ranking. In 2021, it launched its flagship financial wellness app Plazo in Spain, which offers transactional and credit solutions aimed at helping people gain greater control over their finances and improve their financial stability.
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