Nuvei Unveils Its 2023 Environmental, Social, and Governance Report
Nuvei Corporation, a prominent Canadian fintech leader, has released its third annual Environmental, Social, and Governance (ESG) Report. This detailed report underscores Nuvei's dedication to sustainability and highlights the impactful initiatives the company is actively pursuing.
The 2023 report illustrates Nuvei's commitment to building a people-first, technology-driven global payments platform. Central to Nuvei's culture are principles such as effective corporate governance, robust information security, the well-being of team members, positive contributions to communities, and environmental responsibility—values that have been fundamental since the company's founding over twenty years ago.
“We are dedicated to our ESG journey, focusing on ongoing improvements in transparency, accountability, and results,” remarked Philip Fayer, Chair and CEO of Nuvei.
Notable Achievements in the ESG Report
This year's report highlights several significant accomplishments in Nuvei's ESG journey:
Integrating ESG Insights
Nuvei has worked hard to incorporate the findings from its first ESG Materiality Assessment, aligning the company's ESG priorities with its long-term strategic objectives.
Formal ESG Policy Development
To reinforce its sustainability commitments, Nuvei has established a formal ESG Policy that outlines the company's goals for its sustainability initiatives.
Engaging Team Members
Nuvei successfully conducted its first company-wide team member engagement survey. The feedback gathered from this survey has led to the creation of new resources and initiatives designed to enhance team member engagement.
Formation of Resource Groups
The company launched the OneNuvei Resource Group, which includes three sub-groups dedicated to Diversity, Equity, and Inclusion; Whole Person Wellness; and Global Collaboration.
Advancing Gender Equality
In its commitment to gender equality, Nuvei has reached a significant milestone with women now making up at least 30% of its Board, in line with corporate governance policies that promote diversity.
Environmental Impact Assessment
Nuvei also conducted a formal assessment of its Greenhouse Gas (GHG) Inventory. This evaluation provides valuable insights into the company’s environmental impact and identifies key areas for improvement.
Alignment with Industry Standards
The information presented in this report aligns 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 committed to empowering its clients worldwide by offering a flexible and scalable payments platform. With a presence in over 200 markets and support for 150 currencies, along with 716 alternative payment methods, Nuvei is well-equipped to assist businesses with their payment processing needs, ensuring their success both locally and globally 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.
