FinVolution Group Joins United Nations Global Compact
FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced its membership in the United Nations Global Compact (UNGC) on June 22, 2022. This commitment underscores FinVolution's dedication to corporate responsibility across human rights, labor, environment, and anti-corruption. With over 145.3 million registered users as of March 31, 2022, the company aims to enhance its socially responsible business practices globally. The UNGC, launched in 2000, is the world's largest corporate sustainability initiative, promoting responsible business behavior among its 15,000+ signatories.
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SHANGHAI, June 22, 2022 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced that it has become a member of the United Nations Global Compact (UNGC). FinVolution's public commitment to the UNGC's corporate responsibility initiatives as well as its Ten Principles in the areas of human rights, labor, environment and anti-corruption clearly demonstrates the Company's values and long-standing dedication to fulfilling its social responsibilities.
Launched in 2000, the United Nations Global Compact is the world's largest corporate sustainability initiative and voluntary leadership platform, with over 15,000 companies and 3,000 non-business signatories based in over 160 countries, as well as 69 Local Networks which support both local firms and subsidiaries of multinational corporations in implementing the UN Global Compact Ten Principles and meeting the annual reporting requirement. The Compact aims to mobilize a global movement among socially responsible companies and their stakeholders to transform our world through principled business.
FinVolution's mission has been aligned with social responsibility since the Company's founding. As a pioneer in leveraging innovative technology to make financial services better, FinVolution encourages the development and deployment of environmentally-friendly technologies to improve financial inclusion through its business operations.
Mr. Shaofeng Gu, FinVolution's Chairman, commented, "We are very proud to have joined the UN Global Compact in its mission to create a better world. For over a decade, we have been incorporating social responsibilities into our company's core values and daily operations, and by aligning our business strategies with the UNGC principles, we will enhance our efforts as a responsible corporate citizen on a global scale. Moving forward, we will remain devoted to upholding our Environmental, Social and Governance commitments to all our stakeholders and to the environment as we strive to create a better future for our communities and societies."
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, 2022, the Company had over 145.3 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.
For investor and media inquiries, please contact:
In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan
Tel: +86 (21) 8030 3200 Ext. 8601
Email: ir@xinye.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
Email: finv@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com
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SOURCE FinVolution Group
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