Sustainability - Eleving Group

Our way of making a positive impact

As a financial technology group with operations and clients around the world, we promote sustainable business practices and help our customers capitalize on opportunities that bring positive social and economic impacts.

Track Record

Non-Financial Statements 2021

ESG Commitment for 2022 - 2025

Environment

Reduce CO2 emission intensity of company's funded fleet by 18%

Reduce climate impact arising from company's portfolio and business operations

Introduce additional green vehicle financing products and increase the number of zero-emission vehicles in company's fleet to 1000 units

Streamline climate impact monitoring and data collection system

Social

Education of customers on sustainable and productive mobility

Development of financial literacy program with a goal to educate 500 000+ people

Through company's products increase mobility and economic inclusion in less developed regions

Growth and well-being of employees, and healthy work-life balance

Governance

Fair and transparent business operations, and structured ESG framework in place

Implementation of procedures and policies aligned with open business and sustainability standards

Maintain gender diversity in company and reduce gender pay gap across all the positions and markets of operations

Active promotion of Group's whistle-blower system in all countries with zero unaddressed reports

Our ESG approach is aligned with the United Nations Sustainable Development Goals

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Our Approach

Transparency &
Reporting

Reporting on our approach and performance regarding Environmental, Social, and Governance issues

Business
Opportunities

Advancing financing opportunities that support environmental and social issues

Risk
Management

Managing environmental and social risks associated with our financing activities

Engagement &
Market Development

Partnering with stakeholders to advance best practices and new opportunities

Employee
Engagement

Leveraging the skills and passion of our employees to advance sustainability in our business and communities

Creating value for stakeholders

Employees

Managing a diverse and flexible workforce with the right variety of competencies ensures quality, innovation, and growth

Diversity in culture, race, age, gender, ethnic, sexual orientation, religion, disability, and other aspects are driven through Diversity and Inclusion Policy

Healthy gender diversity is in place: 50% women vs. 50% men in entry, mid-level positions in 2022

Culture of ownership: share options program for the Group employees

VALUE: Well-being, career advancement, and personal satisfaction

THROUGH: global career opportunities, consistent learning and mentoring, competitive salary, health insurance, safe workplace

Customers

Our customers range from private individuals to self-employed entrepreneurs. A diverse and wide customer base means vastly different expectations and needs, necessitating flexible offerings

A total of more than 500 000 customers

The total value of loans and finance leases issued since inception - over 1.2 billion euro

VALUE: enabled upward social mobility through financial inclusion across diverse communities

THROUGH: strong online and on-site presence and broad partnership with local entities; fast, easy, available product and customer service; responsible lending practices

Investors

Eleving Group investor community is mainly comprised of investors from the Baltics, Western and Central Europe. They value us as a trusted partner that can deliver consistent and sustainable growth

Investor community geography: Baltic region, Germany, Switzerland, Great Britain, France, Austria

VALUE: return on the allocated capital

THROUGH: compliance with the international capital market rules, terms and conditions of the bond documentation, a sustainable and profitable business model, and continuous growth strategy, transparent reporting practices, diversified income sources, and ESG performance

Local Economies

We contribute to the level of employment across the markets the Group operates in. By embracing gender diversity and promoting equal pay, the Group provides local communities with jobs with a competitive salary and bonus system

Through employment and development of our business operations, we also consistently contribute to tax revenues by the local economies. Also, through productive lending concept we provide mobility to the customers, while often we elevate persons` ways to find the job or helping actual vehicle to becomes the value generating asset

VALUE: regular tax revenues, a well-paid and educated workforce, and a non-discriminating attitude from an international employer

THROUGH: the Group’s total tax contribution in 2020— EUR 12.5 million; regular training for employees—in 2020, more than 250 training courses for over 1 400 employees across all the countries the Group operates in

Regulators

By complying with the local laws and regulatory requirements, we ensure business sustainability, responsible lending practices, and fair treatment of our clients

VALUE: a reliable, transparent, and compliant entity

THROUGH: the highest standard of legal compliance ensured by external compliance audits, regular reviews of internal documentation, policies, and procedures, as well as following the best practices and regulator recommendations

ESG impact made through products

our products

Better for society

Productive lending

13.7% of company's portfolio has served as a basis for starting a business/ supporting revenue for clients

Accessibility to finance

We have made financing accessible for more than 500 000 people across Group's markets

Increased mobility

More than 350 000 vehicles financed to improve mobility and work opportunities

Improved safety

Improved accessibility of clients to newer, thus better and safer vehicles

Better for environment

Green vehicles

Launch of electric carsharing and car subscription products, and offering financial incentives (discounts) for 'green' vehicles

Lower pollution

Through green vehicle financing products we have reduced CO2 emission intensity of funded fleet by 3.1% in 2022

Upgraded vehicles

We help people to upgrade their old vehicles to newer and more sustainable