Wagestream Environment, Social and Governance Policy
Environment, Social, and Governance (ESG) are the criteria that altogether establish the framework for assessing the impact of the sustainability and ethical practices of a company on its financial performance and operations.
The environmental factor is primarily concerned with the company’s influence on the environment and its ability to mitigate various risks that could harm the environment. Generally, a company is assessed by its use of energy, waste generation, level of the pollution produced, utilisation of the resources, and treatment of animals.
The social factor investigates the company’s relationships with other businesses and communities. Social factors consider the attitudes towards diversity, human rights, and consumer protection.
Corporate governance is concerned with the internal company’s affairs and the relationships with the main company’s stakeholders, including its employees and the shareholders.
This Policy is intended to set out the principles by which Wagestream conducts its business.
Wagestream is a technology-based business, with limited supply chain dependencies and a small environmental footprint. Nevertheless, Wagestream should strive to limit its impact on the environment and embrace sustainable practices where possible.
Our policy is to reduce the impact of the company’s operations on the environment through internal initiatives and training to raise employee awareness, whilst continually assessing and monitoring our environmental impact and performance as a company.
The goal is to promote sustainability and environmental awareness by:
- Complying with all applicable environmental legislation and sustainability commitments;
- Measuring and analysing the carbon footprint of our business activities in conjunction with other climate change mitigation and adaptation efforts by conducting external audits;
- Preventing pollution and reducing consumption of resources through waste management strategies that promote waste minimisation re-use, recovery and recycling, as appropriate;
- Incorporating energy efficiency measures into the company’s facilities and promoting efficient energy use in all areas of business activity;
- Promoting and continuing to invest in technologies that provide alternatives to business travel;
- Adopt a procurement programme which takes into account the environmental impact of products and services and supports the purchase of energy-efficient products; and
- Ensure our staff are aware of the environmental impacts of their work activities and encourage them through regular awareness and training to minimize those impacts.
Wagestream is committed to the environment and the use of sustainable products wherever possible. Measures in place include:
- Recycling facilities within all offices; and
- Limiting the use of plastics and single-use goods
When considering its commercial engagements and establishing strategic partnership employers (Partners and Partnerships), Wagestream shall consider its SOCIAL impact.
Wagestream has a social charter in our articles of association, designed in conjunction with our charity investors. At the forefront of all engagement should be the desire to be a strong cause for social good, in making it possible for workers to gain fast access to accrued earnings and improve financial wellbeing through other product offerings.
Wagestream shall avoid engaging with the following entities or industries:
- That may infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the laws of any jurisdiction;
- That provide “Payday Loans” or High Cost Credit;
- That promote hate, violence, racial intolerance, or the financial exploitation of a crime;
- That provide gambling or betting services; and
- That are engaged in providing obscene or pornographic material.
Consider our counterparts compliance with the Modern Slavery Act, Supplier Code of Conduct, and the Wagestream Anti-Slavery and Human Trafficking Statement.
Wagestream shall strive for honest and cooperative corporate relationships, implementing effective internal governance frameworks and compliance monitoring to ensure risk mitigation and to achieve the highest corporate governance standards.
This ESG policy is v1.0 and was last updated in February 2023. We will post any changes to the policy on this page.