OneConnect's Third Consecutive ESG Report: A Testament to Sustainable Financial Leadership

OneConnect's 2024 ESG Report: A Commitment to Sustainable Finance



On April 24, 2025, OneConnect Financial Technology Co., Ltd, a prominent player in the fintech domain, published its 2024 Environmental, Social, and Governance (ESG) Report. This marks the third year running for OneConnect to unveil such a report, underscoring its unwavering commitment to corporate responsibility and sustainable development.

The report extensively details OneConnect's strategic initiatives and annual achievements across the three core areas of ESG. These initiatives align closely with the ‘Five Priority Areas in Finance,’ demonstrating the company’s commitment to green finance, support for underbanked communities, enhancement of financial risk mitigation, and contribution to global development.

Embracing Digital Transformation in Finance



Chen Dangyang, Chairman and CEO of OneConnect, asserted that in light of evolving global political and economic conditions, alongside rapid technological advancements, the digital and intelligent transformation of the financial industry has become essential. OneConnect, as a leading technology service provider, aims to empower financial institutions, focusing on leveraging technology to drive innovation and address industry challenges effectively.

The company has consistently enhanced its ESG framework to navigate a complex global economic climate. Notably, ESG principles are deeply integrated into all elements of OneConnect’s operations, from strategic planning to product development and risk management, fostering a culture of sustainability throughout the organization.

Key Initiatives for Sustainable Development



In 2024, OneConnect identified 25 crucial material topics, highlighting areas such as climate change mitigation, digital inclusion, technological innovation, and employee development. The company has aligned its disclosures with leading international guidelines, such as the Global Reporting Initiative (GRI) and United Nations Sustainable Development Goals (SDGs).

To bolster its institutional framework, OneConnect revised essential policy documents that cover key risk areas, ensuring compliance without major violations throughout the year. It also strengthened its integrity governance by launching various campaigns promoting anti-corruption and signing commitment letters with numerous suppliers to reinforce governance efforts.

OneConnect has also made a pledge to achieve operational carbon neutrality by 2030. By implementing energy-efficient technologies, it has successfully maintained its greenhouse gas emissions significantly low in 2024 and reduced office energy usage by 46% compared to conventional workplaces. Major cities such as Shenzhen and Shanghai have witnessed these green initiatives through the adoption of various sustainability measures.

Advancing Green Digital Services and Financial Inclusivity



The company's advancements extend to green digital services. OneConnect has incorporated modules for energy management and carbon emissions monitoring into its digital platform, thereby enhancing its offerings to enterprise clients and contributing to a low-carbon economy.

In terms of inclusive finance, OneConnect focuses on improving the accessibility of financial services while leveraging technologies like AI and big data to enhance customer operations and channel management of financial institutions.

The company’s commitment to corporate citizenship is evident in its public welfare initiatives. In 2024, OneConnect launched donation campaigns in key cities to provide essential items to underprivileged children, corroborating its dedication to social responsibility.

Moreover, OneConnect stresses sustainable supply chain management by conducting thorough assessments of suppliers to cultivate a green and transparent business ecosystem.

Recognitions and Future Aspirations



Through its proactive approach in fulfilling its ESG strategies and promoting inclusive technology, OneConnect has gained several prestigious accolades in 2024, including recognition in the SP Global Sustainability Yearbook and being listed among Forbes China's Top 10 Fintech Companies in ESG Practices.

Looking towards the future, OneConnect remains focused on enhancing its technological foundation and expanding its financial product applications to further reinforce the integration of ESG principles in its operations. The company's forward-thinking strategies not only aim to support the financial industry but also contribute significantly to building a resilient and robust financial ecosystem worldwide.

In conclusion, OneConnect's steadfast commitment to sustainable finance and corporate social responsibility paints a promising picture of its role in fostering a greener, more inclusive financial future for years to come.

Topics Financial Services & Investing)

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