How Thunes is Staying True to its Sustainability Commitments
Through its global payments infrastructure designed for the 21st century, Thunes is enabling seamless, instant and transparent money movement.
Since 2016, the B2B payments company has been enabling customers to pay, accept, exchange and comply, closing the gap between payment systems in developed and emerging markets worldwide.
These days, Singapore-headquartered Thunes has a physical presence in 20 locations including Beijing, Nairobi, the Philippines, London, Paris, Dubai and Barcelona, making it a truly global entity.
Recognising this far-reaching impact, the firm and its leadership team are dedicated to running a more sustainable operation, as demonstrated by its latest environmental efforts.
Thunes: Committed to reforestation and biodiversity
Thunes has just expanded an already-ambitious tree-planting initiative alongside its partner, Handprint, an impact-as-a-service (IaaS) company that empowers businesses to make a meaningful impact by connecting them to regenerative projects aligned with the UN’s Sustainable Development Goals (SDGs).
These initiatives range from reforestation and coral reef construction to targeted education and biodiversity loss.
The pledge from Thunes is to plant one tree for every 5,000 transactions processed on its platform over the next two years, enabling customers and partners to make positive environmental changes through payment processing.
It forms a key part of the organisation’s ‘Turning Transactions into Actions’ ESG programme, which promotes sustainability, responsibility, diversity and equality.
“With our commitment to reforestation and biodiversity, we are making a positive impact on the environment with every transaction,” comments Peter De Caluwe, Deputy Chairman at Thunes.
“Handprint’s impressive standards and far-reaching work will enable us to deliver an effective sustainability programme. Furthermore, our pledge helps differentiate Thunes as a truly innovative payments partner.”
Thunes and Handprint’s crucial partnership
Thunes currently supports reforestation efforts in Indonesia, Nigeria, India and Kenya, with the vast majority of these projects aimed at mangrove tree restoration.
The plan is to extend tree-planting initiatives even further to additional areas in the regions in which it operates.
Thunes struck up a partnership with Thunes in 2022 and has since planted over 125,000 mangrove trees. Depending on local conditions, each mangrove tree absorbs between 180 and 500 kg of CO2 over a 20-year lifespan.
Mangrove reforestation supports the SDG 13 for Climate Action, SDG 14 for Life Below Water and SDG 15 for Life on Land.
Handprint ensures trees are planted in areas with the most pressing ecological needs.
All reforestation efforts are fully traceable and audited using the company's innovative technology platform. Its technology reduces intermediary costs, helps ensure the reliability of its NGO partners and tracks project fulfilment.
“We’re delighted to deepen our partnership with Thunes to help it and its customers play a more meaningful role in regenerative sustainability,” adds Dr Simon Schillebeeckx, Chief Vision Officer at Handprint.
“All industries, including fintechs, can do more to support nature, improve biodiversity and protect people. Our platform connects an enterprise’s KPIs to specific sustainability initiatives, making it easy for them to make a tangible difference.”
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