B2Holding has reinforced its focus on sustainable development. The Group’s mission is to bridge the gap that defaulted debt represents in the credit chain between lenders and customers. Through its business, the Group plays an important role in contributing to handling society’s debt problems and is committed to acting in a sustainable way.
Please refer to the Sustainability Report in the Annual report 2020 for a comprehensive review of our sustainability work including goals and targets.
B2Holding’s work with sustainability
As part of B2Holding’s strategy for and commitment to sustainable development, ESG responsibility has been delegated to the Head of Corporate Development, a member of
the Group Management.
The Board recognizes the development of a sustainability strategy as a strategic focus for the Group.
In early 2021, a Group Sustainability Committee (GSC) was created to ensure coordination and integration in the Group. Led by the Head of Corporate Development, the GSC comprises members from B2Holding’s business lines, human resources, risk, compliance, and finance. The GSC ensures that the Group’s ESG strategy is anchored and implemented throughout the organization.
All Group entities have a local sustainability ambassador to support and lead local initiatives, in addition to harmonizing with Group initiatives.
Signatory to the UN Global Compact
As an important part of our reinforced focus on sustainable development, B2Holding became a signatory to the UN Global Compact at the beginning of 2021. The UN Global Compact is the world’s largest corporate sustainability initiative. By committing to The Ten Principles of the UN Global Compact and incorporating them into strategies, policies and procedures, and establishing a culture of integrity, we aim to not only uphold our basic responsibilities to people and the planet but also setting the stage for long-term success.
In May 2021, B2Holding submitted its first Communication on Progress (COP) to United Nations Global Compact, meeting all minimum requirements and qualifying for the Global Compact Active level.
The Company’s COP and self-assessment are publicly available here: UN Global Compact website
Contributing to the UN Sustainable Development Goals (SDGs)
B2Holding recognizes that businesses play a key role in achieving the 17 Sustainable Development Goals (SDGs) put forth by the United Nations in 2015. The Group’s main contribution as a debt solution provider lies in creating value for society by handling non-performing loans and supporting customers (debtors) in solving their payment challenges, enabling them to return to the standard financial system. While most of the goals are relevant to B2Holding’s operations, the Group believes the following goals present the strongest opportunities to have a meaningful and sustainable impact:
Read more about our work towards a sustainable world in the Sustainability report in our Annual report 2020.