Berlin-based FinTech CrossLend is proud to announce it has joined as a signatory of the UN-supported Principles for Responsible Investment (PRI). The PRI is a UN-supported network of investors which works to promote sustainable investment through the incorporation of environmental, social and governance factors (ESG) into investment decision making.
As a PRI signatory, CrossLend will further enhance its processes and investment practices around ESG. To date, CrossLend’s technology and marketplace platform have been utilised in a number of significant transactions where ESG aspects were at the fore.
“We’re pleased to welcome CrossLend as a signatory to the PRI,” said David Atkin, CEO at the Principles for Responsible Investment. “Now, more than ever, it is vital for responsible investors to come together to work towards common goals, for the benefit of the planet and our society. We look forward to working alongside CrossLend to realise these goals.”
CrossLend Chief Executive Officer Oliver Schimek said: “Sustainability is a crucial pillar of CrossLend’s growth strategy and platform design. We see the need for rigorous data and technology-enabled analytics to support investors across their decision-making, but especially in relation to ESG factors. In addition, CrossLend’s focus on facilitating investment via lending platforms that support Europe’s vital SME sector can help bolster employment and improve other important social outcomes.”
UN PRI is a leading global proponent of responsible investment. It works to understand the investment implications of environmental, social and governance (ESG) factors, and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The organisation has more than 5,000 signatories representing over $121 trillion in assets under management.
CrossLend is a Berlin based FinTech company providing a digital platform for end-to-end private debt transactions. Leveraging the power of technology and data, CrossLend facilitates interactions between originators and institutional investors through data analytics, a distribution platform, and a streamlined digital settlement process. The company’s pan-European client base includes banks, digital lenders, pension funds, and insurance companies. CrossLend is headquartered in Berlin, with teams in Frankfurt, London, Luxembourg and Lisbon. The company is backed by an array of prestigious investors, including Mouro Capital (formerly Santander InnoVentures), ABN AMRO Ventures, Lakestar, and the Luxembourg Future Fund (EIF and SNCI).