The Payments Association, which is a community for all companies involved in payments, has started a new ESG initiative called Project ESG to drive long-term change. The program aims to motivate businesses to concentrate on their governance and environmental impact.
Project ESG joins the ranks of the Payments Association’s other six initiatives, all of which seek to improve the state of the payments industry. The new ESG initiative is backed by more than 20 payment companies. Through Project ESG, The Payments Association will carry out a number of initiatives to realize an EEDI “centered vision for the payments industry.”
The initiative also intends to emphasize ESG’s environmental component. The project looks at what the sector as a whole can do to more effectively adopt sustainable financial practices.
