INTRODUCTION
Euronet is an industry leader in processing secure transactions and developing leading-edge payments technologies.
Our processing capabilities started, in 1994, with a single ATM in Budapest, Hungary. From there, the company evolved to processing 16-digit card numbers at POS terminals all the way to the present digital era, where our multiple worldwide data centers process billions of transactions each year. Given their volume and global presence, our data centers process wide varieties of transactions with several payment types, including digital-to-cash, cash-to-digital, card-based, dynamic digital codes, cross-border, multiple currencies, and real-time settlements.
The Principles We Follow
The purpose of this website publication is to present to stakeholders the company’s advancements towards achieving our sustainability objectives. Euronet adheres to the European Sustainability Reporting Standards (ESRS) as published by the European Financial Reporting Advisory Group (EFRAG). All disclosures in this website publication will follow the general requirements of disclosures of the ESRS.
The Work We Do
In 2021, the Board of Directors expanded the responsibilities of the Nominating and Governance Committee to include Environmental, Social, and Governance matters. The expansion of ESG within this committee demonstrates the Board’s commitment to driving intentional considerations for ESG related matters and their recognition of the Board’s responsibility for ESG within the organization. ESG is given prominence at all levels within the organization.
Our Sustainable Business Goals
We recognize the 17 Sustainable Development Goals that are established in the United Nation’s 2030 Agenda for Sustainable Development as the basis for developing our enterprise level environmental policies and practices and it is our practice to hold business partners to the same standards. Based on our operations, significant salient risks identified in our impact to the environment include electricity usage to power the systems we operate, electronic waste and forestry conservation efforts.
Our primary mitigation of these risks includes the seasonal deactivation of ATMs (to conserve electricity), transition to digital money transfers and digital distribution of epay content (reducing carbon footprint of customer travel to merchant stores), digital receipts of ATM withdrawals and deposits (to conserve paper) and energy efficient devices used within corporate offices (to reduce our carbon footprint).
Additionally, our software systems are designed to rely on less hardware to prevent electronic waste, and when applicable, our practice is to dispose of electronic waste using e-waste recyclers as defined by the Basel Action Network. We design our computer system and networks for distributed processing and load balancing, enabling the elimination of back-up centers consuming significant resources.
Prior to the disposal of waste, we prioritize the re-use of goods, then prioritize the recycling of goods and lastly will dispose of the goods if there are not acceptable alternative methods of disposal. Due to the nature of our operations, we do not typically produce or handle hazardous waste.
Corporate Social Responsibility
Euronet recognizes the significance of its responsibility of protecting the planet and thus integrates sustainability and ethical practices into its processes. Euronet actively seeks to make a positive impact on environmental and social issues. Driving change through its commitment to responsible practices through innovative technology, our products, our partnerships, and our people. Euronet takes responsibility for its actions and prioritizes transparency in reporting its environmental, social, and governance performance. The company is committed to continuous improvement in our practices and actively collaborates with stakeholders to generate positive impacts.
The commitment to reducing environmental impact encompasses:
- Lowering energy usage.
- Minimizing the generation of waste.
- Advocating for sustainable practices in our business activities.
- Procuring materials and services from suppliers who align with
the company’s dedication to sustainability and ethical practices.
Euronet is dedicated to enhancing the well-being of the communities they serve through:
- Development of social initiatives and partnerships that drive positive changes.
- Advocating for workforce diversity, equity, and inclusion.
- Establishment of a secure and inclusive work environment for everyone.
- Upholding human rights and fostering ethical labor practices across company operations and supply chain.
By adhering to these principles, Euronet aims to construct and sustain a thriving and accountable business that provides value to its customers, partners, and stakeholders, all the while contributing to a sustainable future for its stakeholders.