SHANGHAI, July 19,
2023 /PRNewswire/ -- FinVolution Group
("FinVolution," or the "Company") (NYSE: FINV), a leading fintech
platform, today announced it has released its 2022 Environmental,
Social, and Governance (ESG) report, the Company's fifth
consecutive annual ESG report. The report highlights
FinVolution's ESG efforts and accomplishments in 2022,
underscoring its long-standing commitment to a better society and
environment sustainability.
Mr. Tiezheng Li, President and
CEO of FinVolution, commented, "Guided by our long-standing values
of 'customer-oriented, simple and reliable, excellence-driven,
mutual empowerment,' FinVolution strives to integrate ESG best
practices across its business operations. We actively deepened our
ESG engagement in 2022, empowering finance with technology to
advance financial inclusivity, accelerate innovation and bolster
protection of consumer rights and interests. Our 2022 ESG report is
a snapshot of our forward-thinking initiatives, showcasing our
dedication to driving sustainability and enhancing value creation
for our stakeholders."
"In 2022, we obtained the ISO 14064 verification from SGS, a
well-known international standard certification organization. We
also achieved the United Nations Sustainable Development Goals and
publicly endorsed and advocated for the Ten Principles of the
United Nations Global Compact. Thanks to these and other efforts,
we are proud to have received a "low risk" ESG rating from
Sustainalytics for the second consecutive year, a powerful
testament to our vision for the future of ESG as well as our
effective sustainability policies and practices. Moving forward, we
will expand our cooperation with independent ESG rating platforms
around the globe as we broaden FinVolution's international
presence, leveraging innovative technologies to contribute to
sustainability and make financial services better
worldwide." concluded Mr. Li.
Key highlights from FinVolution's 2022 ESG report include the
Company's initiatives with respect to:
- ESG strategy and management;
- Comprehensive risk management;
- Information security & privacy protection;
- Customer protection & responsible operations;
- Inclusive finance;
- Employee care and training & development mechanisms;
and
- Contribution to industry development.
These disclosures detail the Company's strategy for responsible
and sustainable growth and innovation. The ESG report has been
prepared in compliance with the core option of the Global Reporting
Initiative's Sustainability Reporting Standards (GRI Standards) and
in accordance with MSCI ESG Rating Methodology. For more
information regarding GRI Standard and MSCI ESG Rating Methodology,
please visit:
https://www.globalreporting.org
https://www.msci.com
To download FinVolution's ESG reports, please visit:
http://ir.finvgroup.com
About FinVolution Group
FinVolution Group is a leading fintech platform in China and internationally connecting
underserved borrowers with financial institutions. Established in
2007, the Company is a pioneer in China's online consumer finance industry and
has developed innovative technologies and has accumulated in-depth
experience in the core areas of credit risk assessment,
fraud detection, big data and artificial intelligence.
The Company's platform, empowered by proprietary cutting-edge
technologies, features a highly automated loan transaction process,
which enables a superior user experience. As of March 31, 2023, the Company had over 164.5
million cumulative registered users.
For more information, please visit http://ir.finvgroup.com
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"confident" and similar statements. Such statements are based upon
management's current expectations and current market and operating
conditions and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond the Company's control.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results to differ materially from
those contained in any such statements. Potential risks and
uncertainties include, but are not limited to, uncertainties as to
the Company's ability to attract and retain borrowers and investors
on its marketplace, its ability to increase the volume of loans
facilitated through the Company's marketplace, its ability to
introduce new loan products and platform enhancements, its ability
to compete effectively, laws, regulations and governmental policies
relating to the online consumer finance industry in China, general economic conditions in
China, and the Company's ability
to meet the standards necessary to maintain the listing of its ADSs
on the NYSE, including its ability to cure any non-compliance with
the NYSE's continued listing criteria. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of this press release, and FinVolution does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under applicable law.
For investor and media inquiries, please contact:
In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan, IRC
Tel: +86 (21) 8030 3200 Ext. 8601
Email: ir@xinye.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
Email: finv@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com
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SOURCE FinVolution Group