Allfunds strengthens its social commitment and joins the United Nations Global Compact
Allfunds has announced that it has strengthened its commitment to Corporate Social Responsibility and has joined the United Nations Global Compact, the world's largest corporate sustainability initiative.
The company has reported that it has already been producing a CSR report in accordance with the Global Reporting Initiative (GRI) standard since 2017, with the goal of making progress towards becoming a reference in Corporate Social Responsibility in the sector.
Through the global compact, Allfunds commits to aligning its operations with ten universally accepted principles in the areas of human rights, labour standards, environment and anti-corruption. The WealthTech will also take action in support of the United Nations goals currently reflected in the Sustainable Development Goals (SDAs), the firm said in a press release.
Juan Alcaraz, Founder and CEO, Allfunds, said: “Allfunds has a strong commitment to improving the local communities in which it operates. Since our founding 20 years ago, we seek to strike the right balance between economic, social and environmental aspects to achieve business sustainability.”
Committed to Corporate Social Responsibility
Commitment to CSR is in Allfunds’ DNA, the firm states. The company has set out five lines of work to help improve all the societies in which it operates, as well as many other places that are in need.
In 2015, Allfunds decided to create the Allfunds Solidarity Fund. The vehicle's primary objective is to carry out social works for the benefit of citizens, especially minors, through donations channelled through the fund itself, collected in actions, campaigns, and events organised by Allfunds. The latest challenge of the fund, promoted in May, raised more than EUR265,000 to feed more than 600 Spanish families and help provide adequate nutrition for more than 12,000 children in poverty in Italy.
In addition, this commitment has reinforced Allfunds' Good Corporate Governance with the creation of the Corporate Social Responsibility Committee, where strategy is decided, and decisions related to the company's CSR policy are made.
Human capital also occupies a central place in the company's strategy. Allfunds has adopted a series of policies aimed at attracting and retaining talent, as well as fostering motivating working environments that contribute to the professional development of employees.
Likewise, through the Allfunds Environmental program, the organisation fights against climate change by identifying the threats that put the stability of the planet at risk and offering environmental solutions. Similarly, the company continues to digitise its processes with the aim of making sustainable and controlled use of resources, as well as leaving a mark on its activity.
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