Published 06-22-22
Submitted by Zvilo
June 22, 2022 /CSRwire/ - Zvilo, the forward-financing and banking fintech, announces a set of ambitious environmental, social and governance (ESG) targets and strict reporting measures based on the UN’s Sustainable Development Goals (SDGs) — a commitment part of its mission to become the first sustainable digital financial service provider in the Balkans and beyond.
Zvilo will directly contribute to nine (9) of the seventeen (17) SDGs*, as follows:
Admir Imami, Chairman of Zvilo, stated: “We are very proud to announce a set of stringent ESG standards to which Zvilo will operate. As a global citizen, ESG and responsible investing has been central to my business activity in the last two decades of my professional work. At Zvilo, as responsible lenders, we have a unique and influential position in the Balkan region. This means we must act responsibly by encouraging positive behaviour that helps achieve a fairer, more sustainable, and more equitable world and by supplying smaller businesses and consumers with the funds needed to enact these policies when cash flow is limited.”
The ESG commitments will have many positive impacts at a local level within the community and a broader level within the region. Some of these include:
“The responsibilities and aims we have, and our determination to meet them, do not end when we turn off our office lights or even help a business or consumers meet their green targets. We must ensure a continuous lifecycle of positive behaviour — through consistent and strict reporting to keep Zvilo, our clients and our customers educated and true to their responsibilities”, stated Njomza Qerimi, ESG Lead at Zvilo.
As a responsible lender, Zvilo promises to monitor and report ESG adherence accurately through tailored annual questionnaires. With Zvilo’s supply chain finance platform and the forthcoming web and mobile app, ESG data is automatically captured for reporting and portfolio management and enhanced using Artificial Intelligence (AI).
Admir Imami concluded: “Businesses and consumers have a responsibility to make the world a better place. Although potentially once controversial in the business world, today, it is a fact: that businesses cannot and do not operate in a vacuum. This is true both ethically and as a matter of good business stewardship — as failing to live up to ESG standards can significantly impact brand standards and a business’s bottom line”.
“We aim to inspire other businesses to follow suit and give businesses access to the funding they need to make meaningful, structural changes to improve their adherence to environmental, social, and governmental norms”.
*Targets are projections and subject to change.
Notes to editors
About Zvilo
Zvilo is a credit-led fintech that seeks to unlock capital for the Balkans across Europe. The company plans to offer digital financial solutions based on cost-saving, convenience, connectivity, and accessibility. With a focus on the Balkan region, with a population of over 21 million, and a global diaspora of over 6 million, Zvilo is set to become the leading digital financial platform offering both business and personal products through its dedicated app.
About Zvilo
Zvilo is a credit-led fintech that seeks to unlock capital for the Balkans across Europe. The company plans to offer digital financial solutions based on cost-saving, convenience, connectivity, and accessibility. With a focus on the Balkan region, with a population of over 21 million, and a global diaspora of over 6 million, Zvilo is set to become the leading digital financial platform offering both business and personal products through its dedicated app.
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