The Payments Association’s working groups are comprised of industry experts from across the payments chain, who share the mission of driving industry change to shape the future payments landscape and improve the industry on behalf of members of the association. Being a member of a working group is a fantastic opportunity to grow your network and gain valuable industry insights. All working group members are representatives of organisations with The Payments Association membership.
Each working group consists of a Core Committee and Supporter Members.
Being a member of one of The Payments Association’s working groups comes with a host of benefits:
In addition, committee members will receive:
“The ESG Working Group aims to drive meaningful change across the payments industry to improve the environmental, social, and governance aspects of payments. It is a collaborative effort that aims to nurture innovation and environmental responsibility, ensuring sustainability and ethical practices become core to our industry’s future. We aim to develop the tools that help organisations adopt ESG in an educated, low-cost and impactful way.”
The group developed an ESG Toolkit whose goal is to provide a living and breathing library of helpful resources that support companies in adopting sustainable and progressive strategies.
The toolkit brings together articles, podcasts, videos, reports and whitepapers published by The Payments Association in collaboration with the ESG Working Group.
It also features curated third party resources from trusted sources geared at helping payments businesses on thier ESG journey.
The Payments Association ESG Working Group is currently researching the development of an industry standard framework for measuring the carbon impact of payments transactions.
The vision for a standard framework is driven by the fact that organisations in the Payments space are increasingly concerned with measuring and managing their carbon footprint. While several, mostly large, organisations have already carried out in-house research, SMEs, potentially lacking resource, may have the desire but not the means.
The ESG Working Group believes that it is in the industry’s interest to have a ratified set of guidelines which could facilitate consistency, promote collaboration, and drive sustainable innovation.
The ESG Working Group is constantly striving to contribute towards creating materials that promote ESG within the industry. These resources are intended to help you introduce and implement your ESG strategy, with insights from The Payments Association member companies. Together, we can make a difference.
In our latest episode,Join Tony Craddock as he sits down with Steve Round, chair of the Ecology Building Society and co-founder of SaaScada, who delves into how integrating ESG factors can redefine the financial services industry. He discusses the unique challenges and opportunities facing legacy banks and fintechs in making genuinely inclusive financial products that cater to all income levels.
Previously, editor Jyoti Rambhai spoke to Charlie Bronks, head of sustainability at Crown Agents Bank and Marten Möller, ESG Manager at Algbra – both recently b-corp certified – about their journeys to become b-corps and why this is important in the payments space.
Please fill out the form to indicate your interest in receiving more information about The Payments Association’s ESG Working Group. A member of our Project Team will be in touch with you shortly.
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