We make a living by what we get, but we make a life by what we give.
’ This approach seems to be behind the global transformation of businesses towards a more society-oriented model that tries to ensure that the local community and, more broadly, the world thrives. With that aim in view, some companies effectively reduce their carbon footprint. For instance, Mercedes-Benz Group’s Ambition 2039 strategy involves shifting to a fully electric vehicle fleet.
What does this trend, or rather a new societal norm, have to do with fintech companies? In what ways can they help, and what actions do they already take to improve our world? This article aims to answer these questions for emerging and already established fintech companies, as well as for their clients.Fintech companies can advance social causes in several unique ways: from bringing financial services to people who have not had access to them to promoting financial literacy.
Other charitable activities major fintech companies are involved in include environmental projects, such as HSBC’s efforts to help preserve Taipei’s Guandu Nature Park in Taiwan, emergency aid and various initiatives corresponding to the UN’s Sustainable Development Goals.Karolina Grabowska / PexelsLet’s take one fintech company to illustrate the CSR approach in fintech and its impact.