The Sustainable Fintech Alliance, a core group of the MENA Fintech Affiliation (MFTA), has launched the Sustainability Report Fintech throughout Abu Dhabi Finance Week.
The report, which options an unique interview with H.E. Mariam Al Mheiri, UAE minister of local weather change and surroundings, showcases all of the unimaginable initiatives that MFTA’s members and companions are rolling out masking among the most elementary points of sustainable fintech: preserving the surroundings, selling inclusion and equality, enabling entry to finance for underserved communities and refugees, and extra.
With know-how evolving, customers are demanding extra aware services. Fintechs are uniquely positioned to reply shopper demand and cleared the path by pondering and appearing sustainability.
Internet Zero Ambitions
The achievement of Internet Zero ambitions, and the Sustainable Improvement Targets (SDGs) additionally rests on the flexibility and dedication to work collectively and set up purposeful partnerships, throughout all degree of society. With this in thoughts, the report additionally incorporates a distinctive piece authored by the United Nation Excessive Commissioner for Refugees (UNHCR), which explains how know-how and fintechs are contributing to getting assist the place is required quicker and extra effectively.
The report goes to be the primary chapter of a sequence of publications, the place the Sustainable Fintech Alliance will proceed exploring completely different points of sustainability, with unique insights from its members, academia, and institutional companions from internationally.
Nameer Khan, chairman of MFTA commented: “The Sustainable Fintech Alliance brings collectively among the world’s strongest firms and specialists within the discipline to have open, sincere, and above all action-oriented discussions about sustainability by its in depth community of worldwide collaborations and partnerships with like-minded organisations, regulators, and teachers, and to additional the reason for the SDGs and Internet Zero in our area.
“This report is the continuation of a journey that we began by delivering a first-of-its variety academic programme on sustainability particularly designed for fintechs, in collaboration with the London Institute of Banking and Finance MENA (LIBF), Abu Dhabi International Market (ADGM), and Dubai Worldwide Monetary Centre (DIFC).
“We can not stress sufficient how vital a job fintechs play in addressing the more and more pressing environmental and social challenges of at this time. And this report clearly exhibits the best way forward”.
A ‘learn how to’ sustainability information ‘by fintechs for fintechs’
Federica Piazza, chair of the Sustainable Fintech Alliance said: “By this report the Sustainable Fintech Alliance wished to showcase how fintechs in MENA are bringing to life impactful initiatives throughout the SDGs spectrum. From implementing carbon discount methods, create a marketplaces for underserved communities, foster a tradition of range and inclusion which actually delivers on its goal. The report is supposed as a ‘learn how to’ sustainability information ‘by Fintechs for Fintechs’, masking quite a lot of matters. These embrace carbon discount methods, making a market for underserved communities, fostering a tradition of range and inclusion and extra.
“We’re actually proud to be collaborating with main firms, academia, and institutional companions from internationally and I want to lengthen a particular due to the UAE Ministry of of Local weather Change and Atmosphere and UNHCR for sharing their invaluable insights.”
Commenting on the report UNHCR has stated: “UNHCR was the primary UN company to make use of the advantages of tech-led fintech to help Islamic philanthropy, bringing Zakat and Sadaqah funding to beneficiaries in a quicker, extra environment friendly and dependable method. Contributing to the localiation agenda and the Sustainable Improvement Targets, this report gives particulars on how Fintech options can assist UNHCR transfer ahead with the safety and inclusion agenda for forcibly displaced folks and others of concern.”
