Nuvei's 2023 ESG Report Highlights Key Initiatives and Results

Nuvei Releases Its 2023 Environmental, Social, and Governance Report

Nuvei Corporation, known for being a leading Canadian fintech company, has announced the publication of its third annual Environmental, Social, and Governance (ESG) Report. This comprehensive report reflects Nuvei's commitment to sustainability and the impactful initiatives that the company continues to undertake.

The 2023 report showcases Nuvei's ongoing dedication to creating a people-first, technology-led global payments platform. At the heart of Nuvei's culture are the principles of sound corporate governance, strong information security, well-being for team members, positive community impacts, and environmental stewardship, all fundamental since the company's inception over two decades ago.

“We are committed to our ESG journey, focusing on continuous improvement in transparency, accountability, and results,” stated Philip Fayer, Chair and CEO of Nuvei.

Key Achievements Highlighted in the ESG Report

This year's report details a selection of significant achievements in Nuvei's ESG journey:

Integrating ESG Insights

Nuvei worked diligently to incorporate the outcomes of its inaugural ESG Materiality Assessment. This endeavor helped align the company’s ESG priorities with its long-term strategic goals.

Formal ESG Policy Development

To emphasize its commitments to sustainability, Nuvei established a formal ESG Policy. This document summarizes the company’s objectives for sustainability initiatives.

Engaging Team Members

Nuvei successfully completed its first company-wide team member engagement survey. The insights gained from this process led to the development of new resources and initiatives aimed at enhancing team member engagement.

Formation of Resource Groups

The company introduced the OneNuvei Resource Group, which comprises three sub-groups focused on Diversity, Equity, and Inclusion; Whole Person Wellness; and Global Collaboration.

Advance Gender Equality

As part of its commitment to gender equality, Nuvei achieved a milestone where women now represent at least 30% of its Board, aligned with corporate governance policies promoting diversity.

Environmental Impact Assessment

Nuvei also undertook a formal assessment of its Greenhouse Gas (GHG) Inventory. This assessment offers valuable insights into the company's environmental impact and helps identify key areas for improvement.

Alignment with Industry Standards

The data presented in this report has been aligned with the Sustainability Accounting Standards (SASB) for the Software and IT Services Industry and supports the United Nations Sustainable Development Goals (UNSDGs).

About Nuvei

Nuvei (NASDAQ: NVEI) is dedicated to facilitating the success of its clients globally by providing a flexible and scalable payments platform. With presence in over 200 markets and support for 150 currencies alongside 716 alternative payment methods, Nuvei is positioned to assist businesses in their payment processing needs, ensuring they thrive both locally and internationally through a single integration.

Frequently Asked Questions

What is the purpose of the ESG report?

The ESG report outlines Nuvei’s commitment to sustainability, detailing initiatives and achievements that focus on environmental, social, and governance responsibilities.

What key initiatives were highlighted in the report?

The report highlights several initiatives, including ESG policy development, team member engagement, and gender equality milestones.

How does Nuvei ensure transparency in its ESG practices?

Nuvei emphasizes transparency by aligning its practices with recognized standards and sharing insights from its ESG Materiality Assessment.

In which markets does Nuvei operate?

Nuvei operates in over 200 markets globally, supporting various payment methods and currencies to facilitate business operations.

Who leads Nuvei and what is their vision?

Philip Fayer, as Chair and CEO, leads Nuvei with a vision centered around being a technology-led, people-first global payments platform.

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