FinVolution Group Releases 2019 Environmental, Social, and Governance Report
SHANGHAI, Aug. 6, 2020 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced the release of its Environmental, Social, and Governance (ESG) report highlighting FinVolution's efforts and accomplishments in environmental sustainability, social responsibility and corporate governance for 2019.
"Corporate social responsibility is an essential element of our inclusive culture and is embodied in many aspects of our business operation," said Mr. Feng Zhang, Chief Executive Officer of FinVolution. "As a leading fintech platform in China, we recognize the importance of balancing our business goals with social responsibility when it comes to all of our stakeholders including customers, employees, partners in the industry in which we operate and society at large. The 2019 ESG report is a snapshot of our initiatives and commitment towards social responsibility and is incorporated into FinVolution's management framework, where it is then reinforced at multiple levels of our company."
Key highlights from the FinVolution's 2019 ESG report include the Company's initiatives to drive:
- ESG management;
- Comprehensive risk management;
- Information security & privacy protection;
- Responsible operations;
- Access to finance;
- Employee care and training & development mechanism; and
- Contribution to industry development.
These disclosures highlight the Company's strategy to grow and innovate in a responsible and sustainable manner. 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 reference with MSCI ESG Rating Methodology. For more information regarding GRI Standard and MSCI ESG Rating Methodology, please visit:
For the full FinVolution 2019 ESG report, please visit: http://ir.finvgroup.com/download/PPDF_ESG_Report_2019.pdf
About FinVolution Group
FinVolution Group is a leading fintech platform in China connecting underserved individual 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, 2020, the Company had over 108.3 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 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 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.
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