The Singapore-based payments company Thunes has committed to the sustainable business practices outlined in the United Nations Global Compact and EcoVadis environmental, social and governance (ESG) initiatives.

Established in 2000, the UN Global Compact corporate sustainability initiative promotes sustainable business practices in line with the UN sustainable development goals (UN SDG) on human rights, labour, environment and anti-corruption.

The EcoVadis initiative provides a business sustainability rating which ranks organisations on their environmental, social, and ethical impact across 198 classifications and 160 countries.

Thunes joins a growing community of ESG-aware fintechs abiding by such initiatives, with the company frequently engaging in sustainable practices. For instance, Thunes confirmed in an official statement that it had installed recycle containers within several of its offices worldwide.

Its Paris office collected 271kg of recycled waste last year, which was put forward in the creation of new glass bottles and electric scooters.

Likewise, 71 per cent of its clients take proactive steps to ensure they do not sell goods or services to entities that do not respect human rights; according to the company’s statement.

The UN Global Compact and EcoVadis certificates provide a means for Thunes to action long-term sustainable outcomes and generate environmental, technological and social change within the fintech industry.

Peter De Caluwe, CEO, Thunes

“We believe that a successful business must also be responsible,” confirms Thunes CEO, Peter De Caluwe.

“We have begun to integrate ESG reporting into the heart of our daily strategy and modus operandi, and will continue to advocate the long-term value, rather than just short-term gains, within our company.”

In line with the company’s ESG programme, Turning Transactions into Actions, Thunes passed sustainability assessments earlier this year and submitted respective reports to both the UN and EcoVadis.

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