SHANGHAI, Dec. 6, 2022
/PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company")
(NYSE: FINV), a leading fintech platform, today announced that it
has received a "low risk" Environmental, Social and Governance
(ESG) rating from Sustainalytics for the second consecutive
year, placing the Company's ESG performance among the top 15% of
its industry peer group.
Sustainalytics' ESG Risk Ratings measure the degree to which a
company's economic value is at risk driven by ESG factors or, in
other words, the magnitude of a company's unmanaged ESG risks.
Covering more than 16,000 companies, Sustainalytics provides the
widest coverage of analyst-based ESG Risk Ratings in the market.
Based on scoring across a broad range of categories and metrics,
FinVolution was designated as "low risk" by Sustainalytics' ESG
Risk Rating system.
Mr. TieZheng Li, Deputy Chairman
and President of FinVolution, commented, "We are very proud that
our ESG efforts are recognized by Sustainalytics once again this
year, a compelling testament to our visions, policies and practices
of sustainability. Committed as always, we strive to promote all
aspects of ESG in our operations, including corporate governance
and behavior, data privacy and security, human capital development,
environmental protection and corporate social responsibility.
Moving forward, we will continue to enhance our ESG engagement,
redoubling our efforts to propel sustainable development while also
creating long-term value for our stakeholders."
About Sustainalytics
Sustainalytics is a global leader in ESG research, ratings and
data, serving the world's leading institutional investors and
corporations. Sustainalytics works with hundreds of the world's
leading asset managers and pension funds who incorporate ESG and
corporate governance information and assessments into their
investment processes. For more information regarding Sustainalytics
ESG rating, please visit
https://www.sustainalytics.com/esg-ratings.
About FinVolution Group
FinVolution Group is a leading fintech platform in China and internationally connecting
underserved 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 September
30, 2022, the Company had over 154.3 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 the 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 the 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