Fintech PR

Klarna reveals 2023 sustainability progress: 25% GHG emissions reduction, $24.5M for planet health, and a surge in conscious shopping

Published

10 months ago

March 7, 2024

NEW YORK, March 7, 2024 /PRNewswire/ — Klarna, the AI powered global payments provider and shopping assistant, today announced its significant sustainability achievements from the past year. In 2023, saw a significant uptick in the use of its features that provide consumers with information about the sustainability efforts of merchants and promote conscious shopping, contributing to 4.75 million purchases from more conscious brands. A standout achievement was the 150% year-over-year increase in the usage of Klarna’s CO2e Emissions Tracker, highlighting a shift towards more conscious consumer behavior. In addition, the company saw a 25% reduction in its greenhouse gas (GHG) emissions and has to date committed $24.5 million to planet health initiatives.

These environmental and social contributions underscore the company’s continued commitment to addressing environmental sustainability, focusing on reducing its carbon footprint and promoting conscious consumption among its vast network of 150 million consumers and 550,000 retail partners worldwide.

Klarna’s 2023 sustainability highlights include:

Driving 4.75 million conscious purchases through tech innovation: In 2023, Klarna introduced a number of advancements to its products and services that furthered its mission of empowering its 150 million consumers with information to make more conscious purchasing decisions. Klarna’s CO2e Emissions Tracker, which was updated to include expanded insights for over 170 million products, drew in 460,000 monthly users—a 150% jump from the previous year. Additionally, new features including sustainability search filters in Klarna’s intelligent search & compare feature, a resell feature in the Klarna app, conscious brands ratings displaying brands’ sustainability achievements, as well as an online sustainability hub, contributed to Klarna customers making 4.75 million purchases from brands recognized for their sustainability efforts.
Enabling thousands of consumers to contribute to planet health: In 2023, Klarna introduced a donations feature for US shoppers as part of its commitment to planet health with a focus on climate, people, and biodiversity. This feature allows shoppers to add a $1 donation to their purchases using the interest-free Pay in 4 service at participating retailers, with donations supporting the WRLD Foundation’s work towards achieving UN Sustainable Development goals. In just 7 months since its June 2023 launch, the initiative has received a powerful response with over 193,000 consumers contributing to date, raising over USD $200K total.
Achieving 25% GHG reduction: Klarna has made significant progress in cutting its greenhouse gas (GHG) emissions, achieving a 25% reduction in its overall absolute carbon footprint in 2023 compared to the previous year, with a 66% decrease in scope 1 and 2 emissions and a 39% reduction in carbon intensity. These figures represent significant strides towards Klarna’s 2030 goal of halving carbon intensity from a 2019 baseline.
Committing $24.5M to planet health initiatives: Since its pledge in April 2021, Klarna has dedicated 1% from each of its funding rounds to planet health initiatives via its Give One initiative. This commitment resulted in a total contribution of USD $24.5 million by the end of 2023, supporting over 50 organizations worldwide in regions including North America, South America, Africa, Europe, and Asia. Notable achievements from this support included the planting of 3.4 million trees to restore and reforest important ecosystems and 900,000 hectares (approx. 2.2 million acres) of habitat across the globe seeing positive impact through organizations backed by Klarna.

“At Klarna, we’re dedicated to accelerating commerce in a way that also takes into account the environmental challenges our world faces. We’ve set ambitious internal sustainability goals and, as a global payments and shopping assistant with 150 million consumers and 550,000 retail partners, recognize our extensive influence beyond mere operations. This understanding drives our commitment to developing and promoting tools and services for more mindful, conscious consumption,” said Alexander Farsan, Head of Climate and Environment, Klarna. “We’re proud of Klarna’s 2023 accomplishments, including the significant updates to our CO2e tracker, which experienced a 150% year-over-year increase in users, our notable reduction in GHG emissions, and $24.5 million contributed to environmental initiatives to date, and look forward to continuing to make a positive impact in 2024.”

In recognition of its efforts, Klarna was named the Most Sustainable Bank in Sweden 2023 by the Sustainable Brand Index and received several other accolades throughout the year including being awarded the Most Disruptive Global Climate Action Initiative in the CSR Excellence Awards, and receiving a finalist position in the Reuters Responsible Business Awards within the Net Zero Transition Award category.

More information on Klarna’s 2023 achievements can be found in its latest ESG report and further details on its sustainability initiatives are available at www.klarna.com/sustainability.

About Klarna

Since 2005 Klarna has been on a mission to accelerate commerce with consumer needs at the heart of it. With over 150 million global active users and 2.5 million transactions per day, Klarna’s fair, sustainable and AI-powered payment and shopping solutions are revolutionizing the way people shop and pay online and in-store, empowering consumers to shop smarter with greater confidence and convenience. More than 550,000 global retailers integrate Klarna’s innovative technology and marketing solutions to drive growth and loyalty, including H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb.

The company became the first fintech to join The Climate Pledge and Race to Zero campaign, and makes annual financial contributions to high-impact climate projects, including carbon removal, reforestation and forest protection, and emission reduction projects. For more information, visit Klarna.com.

Press Contact
Adaline Colton
+1 (614) 429-9125
[email protected]

The following files are available for download:

https://mb.cision.com/Public/1740/3942101/b85f1bb15dfa40f9_org.jpg

BrandAssetLibrary 2024 ConsumerBenefit Dig 3×2

View original content:https://www.prnewswire.co.uk/news-releases/klarna-reveals-2023-sustainability-progress-25-ghg-emissions-reduction-24-5m-for-planet-health-and-a-surge-in-conscious-shopping-302082973.html

Fintech PR

Heidrick & Struggles Announces 2025 Global and Regional Leader Appointments

Published

4 hours ago

January 6, 2025

CISION (PR Newswire)

The promotions span across six practice areas and three regions to drive growth in 2025 and beyond

CHICAGO, Jan. 6, 2025 /PRNewswire/ — Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, today announced key global and regional leader appointments, effective January 1, 2025. The appointed leaders will continue advancing the firm’s objective of delivering exceptional value to clients by fostering differentiated, deep, and durable relationships.

“Having the right leadership in place is increasingly crucial to business performance, growth, and prosperity, making our work more important than ever,” said Tom Monahan, CEO, Heidrick & Struggles. “This dynamic group embodies our values as a firm as well as our unwavering commitment to delivering superior client service. We’re excited to promote these outstanding leaders as they continue to shepherd our clients through their most pressing business and talent challenges.”

These leaders span Heidrick & Struggles’ priority practice and solution areas, as well as multiple regions globally.

Individuals appointed to Regional Leader:

Anne Rockey, North America
Richard Guest, Asia Pacific & Middle East

Individual appointed to Global Managing Partner:

Todd Taylor, Client Driven Growth, a newly created role

Individuals appointed to Executive Search Global Practice Managing Partner:

Jaimee Eddington, Corporate Officers Practice
Dominique Fortier, Financial Services Practice
Chris Bray, Global Technology & Services Practice
Gustavo Alba, Co-Lead, Private Equity Practice

Individuals appointed to Executive Search Regional Practice Managing Partner:

Liz Langel, Americas, Financial Services Practice
Ina Sood, Americas, Healthcare & Life Sciences Practice
David Burd, Americas, Corporate Officers Practice
David Crawford, Asia Pacific & Middle East, Global Technology & Services Practice
Tom Cunningham, Europe & Africa, Global Technology & Services Practice
Sarah Driscoll, Europe & Africa, Global Technology & Services Practice
Roman Wecker, Europe & Africa, Industrial Practice

Individuals appointed to Partner-in-Charge:

Jane Xing, Beijing
Jessi Gentile, Chicago
Maliha Jilani, Dubai
Kim Pomoell, Finland
Kiwook Kim, Korea
David Richardson, New York/Stamford
Christina Besozzi Cary, Washington, D.C.

Individual promoted in Heidrick Consulting:

Eric Joseph, leading North America on an interim basis

About Heidrick & Struggles
Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory services and on-demand talent solutions, serving the senior talent and consulting needs of the world’s top organizations. Heidrick & Struggles pioneered the profession of executive search more than 70 years ago. Today, we partner with clients to develop future-ready leaders and organizations, combining our expertise in executive search, leadership consulting, and on-demand, critical talent solutions to achieve the highest levels of profitability and performance. Helping our clients change the world, one leadership team at a time.® www.heidrick.com

Media Contact
Bianca Wilson
Global Director, Public Relations
Heidrick & Struggles
[email protected]

Logo – https://mma.prnewswire.com/media/139029/heidrick_struggles_logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/heidrick–struggles-announces-2025-global-and-regional-leader-appointments-302343456.html

Fintech PR

Finastra announces leadership transition: welcoming Chris Walters as new CEO

Published

7 hours ago

January 6, 2025

CISION (PR Newswire)

finastra-announces-leadership-transition:-welcoming-chris-walters-as-new-ceo

LONDON, Jan. 6, 2025 /PRNewswire/ — Finastra, a global provider of financial services software applications, today announced a significant leadership transition. After nearly a decade of transformative leadership, Simon Paris will step down from his role as Chief Executive Officer. Chris Walters has joined Finastra and will assume the role of Chief Executive Officer.

Chris brings a wealth of experience from senior executive leadership positions, driving innovation and scaling technology companies. He recently served as CEO of Pluralsight and Avantax, a leading company within Financial Services, where he orchestrated significant performance improvement and the company’s successful sale. Prior to Pluralsight and Avantax, Chris served in a variety of leadership roles, including being a Partner at McKinsey & Company and the COO of Bloomberg Industry Verticals Group.

On his appointment, Chris said, “I’m excited to join Finastra at this pivotal moment in its journey and am impressed by the significant progress that has been made during Simon’s leadership. I look forward to working with the talented team to drive sustainable growth and continue to deliver more value to our customers, team members, and investors.”

Under Simon’s stewardship, the company has achieved remarkable milestones, including:

Leading the charge in Open Finance, following the merger of Misys and D+H in 2017 to form Finastra
Building a loyal customer base of over 8,000 clients in 130 countries, including 45 of the world’s top 50 banks
Achieving recognition as a leader in Generative AI, with all employees upskilled and ~50 capabilities in progress from ideation to production stages
Garnering extensive market accolades, including multiple product, culture, and leadership awards, and being named the #1 Banking Technology company, the #2 Financial Technology company, and appearing in the top 15 Software companies worldwide in 2024 alone
Delivering record financial performance and double-digit Annual Recurring Revenue (ARR) growth

As Finastra embarks on its new strategic sprint in 2025, the company is well-positioned for continued success. During the transition period, Simon and Chris will work closely together to ensure a smooth handover.

Simon reflected on his tenure, saying, “This journey with Finastra has been a privilege. Chris is a seasoned professional, and I am honored to ‘pass the baton’ to him. I leave incredibly proud of what Finastra has achieved so far and excited for the company’s future under Chris’s leadership.”

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

Photo – https://mma.prnewswire.com/media/2591526/Simon_Paris_and_Chris_Walters.jpg
Logo – https://mma.prnewswire.com/media/1916021/5100855/FINASTRA_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/finastra-announces-leadership-transition-welcoming-chris-walters-as-new-ceo-302343232.html

Fintech PR

DXC Technology’s AI Impact Helps Customers Across Industries Innovate with AI

Published

9 hours ago

January 6, 2025

CISION (PR Newswire)

dxc-technology’s-ai-impact-helps-customers-across-industries-innovate-with-ai

AI Impact leverages DXC’s combined consulting, engineering, and secure enterprise services

ASHBURN, Va., Jan. 6, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced AI Impact, an approach designed to help solve customers’ most pressing challenges. By combining DXC consulting, engineering and secure enterprise services, DXC will help clients across industries securely innovate and drive real business outcomes with AI.

DXC takes a pragmatic approach to AI by focusing on developing solutions that solve real world challenges and support business growth. With DXC’s AI Impact, customers benefit from DXC’s vast industry expertise and technology experience to build solutions, services and experiences together that will deliver real business outcomes using the latest technology innovation. Read more about DXC’s approach here.

“AI has already captured the attention and imagination of industries everywhere. From AI agents to autonomous driving and personalized medicine, companies are taking steps to unlock value from AI, which promises to reshape our world,” said Howard Boville, EVP, Consulting & Engineering Services – Powered by AI. “With DXC’s AI Impact approach, we are helping to push the boundaries of what AI makes possible, guided by our team of consulting, engineering and technology experts to address our clients’ most pressing challenges.”

Customers across industries are leveraging AI Impact, including:

Automotive: DXC is helping customers leverage AI-powered diagnostic tools to make it easier for automotive manufacturers and service providers to identify potential issues before they become critical, reducing downtime and maintenance costs. DXC is also helping customers leverage AI to personalize every aspect of a vehicle, including personal assistants that learn a driver’s preferences and habits over time to make more intuitive recommendations.
Public Sector: To provide more transparency, governments are using DXC AI Impact to efficiently engage with citizens and make it easier for them to access public services. This includes the use of AI Agents and AI enhanced processes that streamline and simplify tax, national lending and even public healthcare processes.
Financial Services and Insurance: DXC is helping customers optimize operations, from underwriting and risk assessment to claims processing and customer service. By working with DXC, financial institutions are leveraging chatbots to make it easy for human agents to respond faster and more accurately to customer inquiries by analyzing thousands of documents in minutes with Generative AI.
Healthcare: DXC implemented an AI-powered app to help measure patient symptoms in real-time, analyzing data to provide clinicians with insights that enable more accurate diagnoses and treatment plans, improving the quality of care and proactively addressing prescription resistance.

For more information on DXC AI Impact and how we’re working with the most innovative industry leaders to securely innovate, visit here.

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

CONTACT: Mihir Bellamkonda, Media Relations, [email protected]; Roger Sachs, Investor Relations, [email protected]

Logo – https://mma.prnewswire.com/media/2590355/DXC_Technology_Company_DXC_Technology_s_AI_Impact_Helps_Customer.jpg

View original content:https://www.prnewswire.co.uk/news-releases/dxc-technologys-ai-impact-helps-customers-across-industries-innovate-with-ai-302343102.html