Securities lending fintech solutions provider Sharegain announced the launch of BetterLend, aimed at enabling clients to make a positive environmentalEnvironmental criteria consider how a company performs as a steward of nature. and socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. impact through securities lending activity.
Boaz Yaari, Founder and CEO of Sharegain, said:
“For the first time, a securities lending agent is taking a stand, not just by supporting principles of sustainable finance, but ensuring securities lending revenue is doing good in our world.
“Until now, securities lending has dealt with GovernanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. – the ‘G’ of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments.. So while securities lending might be ESG-compliant, it’s not truly compatible.”
According to Sharegain, clients using the new solution choose the projects they want to support and the impact they want to create. BetterLend allows clients to use their lending activity to create positive change across four focus areas:
Clean water – funding water projects in developing countriesGreen environment – planting thousands of trees in areas of the world that are most at risk of soil degradationRenewable energy – delivering sustainable, low-cost renewable energy to communities where access to energy is expensive, unreliable and unsustainableAccessible Education – providing access to education for vulnerable and exploited children currently living in extreme poverty.
The company has partnered with several organizations for the initiative, including charity:water, Tree Aid, Hope for Children, and Renewable World.
Yaari added:
“For the first time, investors are using their lending revenue to make a positive impact in the world. Our clients are planting trees, digging wells and installing solar panels, all by lending their securities.”
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