Multitude Strengthens Commitment to Sustainability by Joining Partnership for Carbon Accounting Financials
November 16 2023 - 12:00AM
Multitude Strengthens Commitment to Sustainability by Joining
Partnership for Carbon Accounting Financials
Multitude Strengthens Commitment to Sustainability by
Joining Partnership for Carbon Accounting Financials
Helsinki, 16 November 2023 – Multitude SE – a fully regulated
international growth platform for financial technology (ISIN:
FI4000106299, WKN: A1W9NS) (“Multitude” or “the Group”)
proudly announces its membership in the Partnership for Carbon
Accounting Financials (PCAF), underscoring its mission as a fully
digital FinTech company to greening the financial services.
Multitude recognises the need for collective action in the face of
climate change and is committed to supporting the transition to a
low-carbon economy.
PCAF, a global collaboration comprising over 440 financial
institutions spanning six continents, focuses on harmonising
assessments and disclosures of greenhouse gas emissions associated
with loans and investments. Multitude joins this leading group of
financial innovators, including industry giants like Barclays,
Morgan Stanley, Citi, Bank of America, ABN AMRO, and Lloyds, in a
shared mission to establish accurate carbon accounting standards
within the financial sector. With a presence rapidly expanding
across North America, Latin America, Europe, Africa, and
Asia-Pacific, PCAF now boasts over 100 institutions, including
approximately 80 banks.
As part of its Environmental, Social and Governance (ESG)
strategy, the Group aims to future-proof its environmental impact
and since 2022, has undertaken progressive steps towards elevated
monitoring of its carbon footprint, including, regarding SME and
corporate lending activities.
Joining PCAF enables the Group to significantly improve its
carbon accounting by providing a clear standard for measuring and
disclosing financed emissions, informing actions that further the
ambitions of the Paris Agreement and climate risk management.
For further information, please contact:
Lasse Mäkelä, Chief Strategy and IR Officer of Multitude SE+41
79 371 34 17, lasse.makela@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 18+ years of solid
track record in 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 consumer lender, CapitalBox as
business lender, and SweepBank as a shopping and
financial app. Multitude and its independent units employ over 700
people in 16 countries, and they together generated EUR 212
million turnover in 2022. Multitude was founded in 2005
in Finland and is listed in the Prime
Standard segment of the Frankfurt Stock
Exchange under the symbol
‘FRU.’ www.multitude.com
About the Partnership for Carbon Accounting Financials
(PCAF):
The Partnership for Carbon Accounting Financials (PCAF) was
launched globally in September 2019. Currently, more than 430
financial institutions have subscribed to the PCAF initiative. PCAF
participants work together to jointly develop the Global GHG
Accounting and Reporting Standard for the Financial Industry to
measure and disclose the greenhouse gas emissions of their loans
and investments. By doing so, PCAF participants take an important
step to assess climate-related risks, set targets in line with the
Paris Climate Agreement and develop effective strategies to
decarbonize our society. For more information see
https://carbonaccountingfinancials.com/
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