Allfunds reinforces social commitment with UN initiative

Allfunds has joined the United Nations' corporate sustainability initiative Global Compact

Global fund distribution network Allfunds has joined the United Nations’ Global Compact, the world’s largest corporate sustainability initiative

In a further commitment to corporate social responsibility, the group said it had made the move to sign up to Global Compact’s ten universally accepted principles in the areas of human rights, labour standards, environment and anti-corruption.

The UN Global Compact is an initiative designed to call on CEOs of companies to align strategies and operations and advance societal goals as well as meet the UN’s Sustainable Development Goals by 2030.

Allfunds has produced a Corporate Social Responsibility (CSR) report since 2017 and Juan Alcaraz, Allfunds CEO and founder, said Allfunds has a “strong commitment to improving the local communities in which it operates”.

“Since our founding 20 years ago, we seek to strike the right balance between economic, social and environmental aspects to achieve business sustainability,” he said.

In addition, the company has also set out five lines of work to help improve all the societies in which it operates:

  • Allfunds Solidarity Fund. Created in 2015, the strategy’s objective is to carry out social work that benefits citizens, especially minors. In May, it raised more than €265,000 to feed more than 600 Spanish families and help provide adequate nutrition for more than 12,000 children in poverty in Italy.
  • Allfunds’ Good Corporate Governance. Thee group has reinforced its governance with the creation of a CSR Committee.
  • Human Capital. Allfunds has adopted a series of policies aimed at attracting and retaining talent, as well as developing working environments that motivate the employees and their careers.
  • Allfunds Environmental Program. In its fight against climate change, Allfunds has identifies threats that put the stability of the planet at risk and offering environmental solutions.
  • Allfunds Digital Program. Lastly, the company continues to digitize its processes with the aim of making sustainable and controlled use of resources.

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Natalie Kenway

Natalie is global head of ESG insight for ESG Clarity and has been an investment journalist for 16 years. She won Editor of the Year at the Aviva Investors Sustainability Media Awards 2021, and was Winner...