Mission and ESG Framework
Finastra places a strong emphasis on Environment, Social & Governance (ESG) principles, aligning with our business mantra of 'doing well by doing good'. Our corporate purpose is centered around the sustainable financial empowerment of individuals globally. Since its inception, Finastra has integrated ESG into our culture, with a robust Corporate Social Responsibility (CSR) strategy launched in 2018. Our dedicated ESG team, including top leadership members, acknowledges the collective effort of all stakeholders in achieving our goals to enhance the well-being of our employees, customers, partners, society, and the environment.
ESG Implementation and Impact
Finastra's ESG framework serves as a platform for positive social and environmental impact, focusing on philanthropy, education, job creation, economic growth, and innovation. By embedding ESG into our purpose, we aim to provide essential enterprise software that supports the quality, availability, and affordability of financial services worldwide. Our commitment to unlocking the potential of individuals, businesses, and communities through sustainable finance remains unwavering.
Adoption of Stakeholder Capitalism
To ensure alignment between external impact goals and internal ESG performance, Finastra has adopted the World Economic Forum's Stakeholder Capitalism framework. This framework, with 21 core metrics across planet, people, prosperity, and governance pillars, helps assess a company's contribution to achieving the UN Sustainable Development Goals. Finastra has invested significantly in ESG-focused solutions such as ICCxTradeComm, Trust Machine, and Total Community Lending to support financial inclusion, social equity, and environmental objectives.
Financial Inclusion Initiatives
Finastra's financial inclusion programs aim to provide affordable access to financial services for all individuals, fostering financial literacy, banking the unbanked, and supporting Micro, Small, and Medium Enterprises (MSMEs). By enhancing financial literacy globally, particularly among underserved populations, we empower individuals to make informed financial decisions and achieve economic independence.
Social Equity Initiatives
Through investments in youth, Diversity, Equity & Inclusion (DE&I), and technology for social good, Finastra's Social Equity pillar supports the success and resilience of people, businesses, and communities worldwide. By preparing young people for a future driven by technology and finance, we contribute to their personal and professional development and overall well-being.
Environmental Sustainability Mission
Recognizing our environmental responsibilities, Finastra is committed to minimizing our environmental impact and reducing emissions within the financial services sector. Upholding a goal to achieve carbon neutrality by 2030, we focus on managing emissions through corporate programs, employee engagement, and initiatives such as 'Planting Trees With Purpose'. By actively supporting environmental sustainability, we strive to create a greener and healthier future for all.
Partnerships for Positive Impact
Finastra collaborates with organizations like Akshaya Patra, Code.org, EcoTree, and Feeding America to drive positive change in education, environmental conservation, and social welfare. These partnerships enable us to support causes like eliminating classroom hunger, expanding access to computer science education, planting forests for carbon offsetting, and providing nutritional food to communities in need. By partnering with impactful organizations, Finastra extends its reach and impact to create a better world for all.