Sustainability
How Lendo works with sustainability
Lendo is committed to operate ethically, comply with regulations, and always work to be «best in class».
With Schibsted as owner, Lendo shares the group’s commitment to operate ethically, comply with regulations, and always be «best in class». We also focus on promoting diversity and inclusion within the organisation, empowering skill development and knowledge sharing programs.
Lendo believes that more has to be done, therefore we have a constant focus to ensure responsible lending.
Three priorities to promote responsible lending
Provide customers with relevant information about their financials
New service launched providing information to users about the maximum loan to apply for
Collaborate with actors of the industry to change lending practices for the better
Be an active voice in the industry and collaborate with other actors to push the industry forward.
Offer customers tools to help them repay their debt easier and seamlessly
New service launched, making it possible for customers to repay their unsecured loans
Lendo empowers people to make informed decisions
Lendo is supporting social cultures through Hand in Hand´s Community Upliftment Programme. Some of our achievements:
Social mobilization
176 members have undergone training in group mobilization, leadership skills and problem-solving
Entrepreneurship training
135 members have undergone training on entrepreneurship development
Marketing and microfinance
Five groups have started saving with Hand in Hand EA to qualify for the Enterprise Incubation Fund that will help them boost their enterprises
Our sustainability approach & report
Lendo is committed to operate ethically, comply with regulations, and always work to be «best in class».
With Schibsted as owner, Lendo shares the group’s commitment to operate ethically, comply with regulations, and always be «best in class». We also focus on promoting diversity and inclusion within the organisation, empowering skill development and knowledge sharing programs.
Lendo believes that more has to be done, therefore we have a constant focus to ensure responsible lending.
About the report – 2022
Our point of departure is a materiality analysis based on an impact assessment and stakeholder dialogue conducted during 2020. Sustainability is a broad subject and can include various definitions and measures. The report of 2022 highlights how Lendo affects the community through different efforts and prioritisation.
The report states the yearly targets and progress related to identified aspects that Lendo focuses on. Each aspect is presented with our long term ambitions, what we have achieved so far and suggested targets for the following years.
Transparency Act
In Lendo we believe in a market built on trust and transparency. Being aware of the impact Lendo has on society, the economy and the environment is an essential part of the sustainability agenda in Lendo. Our sustainability mission is to empower people to make smart and conscious financial decisions - for a sustainable future.
Read more about this and the work that we prioritise to do in our Transparency act.
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