The FinTech Impact Report: Working through the world’s to-do list #FinTechforPlanet 04 | MOVING BEYOND BEHAVING WELL From 2024, more than ~50,000 companies in Europe, and thousands in the UK, will be required to report their outward TO DOING WELL material impacts on society, and biodiversity and environment (under EU CSRD).53 Sustainable development areas beyond climate need to be considered for the good of society and the planet, such as biodiversity, water and the social impacts of inequality and poverty. The Task Force on Nature- Nurture the World: Uniting humanitarian, financial and technology sectors, F4ID related Financial Disclosures (TNFD) is currently drafting provides a digital supply and payments platform for aid organisations, enabling local vendors to give life-saving assistance to vulnerable households in the most hostile a framework that will help financial institutions identify environments. Through its LOTUS20 pilot programme in Kenya, Afghanistan and 52 Nigeria, 170+ tonnes of food reached 10,000 people, with every transaction nature-related risks. tracked in real-time. As this agenda evolves, new opportunities will continue Connect to Charities Percent gives non-profits access to fundraising options and to emerge for FinTechs to not just behave well, but also discounted tech products through partnerships. Its global disbursement system to be the financial services enablers that help others to enables businesses to integrate fundraising into its platform, with the ability to do well regarding the issues that matter most to disburse funds to over 5.7 million non-profits across 200+ countries. communities and the planet. 32
The FinTech Impact Report: Working through the world’s to-do list Page 31 Page 33