VEON’s Mobilink Bank Participates in COP28, Emphasizes the Role of Gender Inclusivity in Climate Finance
11 Décembre 2023 - 11:00AM
VEON’s Mobilink Bank Participates in COP28, Emphasizes the Role of
Gender Inclusivity in Climate Finance
Dubai, 11 December 2023: VEON
Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global
digital operator that provides converged connectivity and online
services, announces that Mobilink Bank, its financial services
operating company in Pakistan, participated in the 28th United
Nations Climate Change Conference (COP28) in Dubai, UAE. Mobilink
Bank’s Chief Operating Officer Haaris Mahmood Chaudhary spoke at a
panel on gender equality and gender-responsive finance to combat
climate change in Pakistan.
Mobilink Bank, Pakistan’s leading digital microfinance bank with
over 45 million registered users, is among the first adopters of
climate finance in Pakistan. Mobilink Bank has invested over PKR1.6
billion ($5.6 million) in green financing, primarily focusing on
loans for solar applications in agriculture to promote renewable
energy. Mobilink Bank is also one of the strongest advocates of
gender diversity and inclusion in Pakistan, having allocated over
PKR12 billion ($42.2 million) of subsidized financing to more than
66 thousand women entrepreneurs. It continues to provide digital,
financial, and agritech solutions to farmers, enhancing sustainable
agricultural practices with a gender-inclusive focus.
Speaking at a panel organized by UN Women Regional Office of
Asia and the Pacific and Ministry of Climate Change and
Environmental Coordination of Pakistan during COP28, Chaudhary
emphasized the intersection between gender-inclusivity and climate
initiatives.
“It is often the most disadvantaged parts of the society that
bear the brunt of disasters, including climate change. Women- a
highly influential, yet underserved segment, are more susceptible
to the drastic effects of climate change, and we aim at narrowing
the gender gap to provide inclusive opportunities for them for
holistic economic development. We believe that there is a unique
opportunity to address many challenges at once: Financial
community, especially when empowered with the digital tools that we
have as a VEON Group company, can move the needle significantly in
combatting climate change and building communities’ resilience by
gender-inclusive practices.” said Chaudhary in his remarks on the
COP28 panel.
VEON’s comprehensive approach to disasters was recently
recognized at the World Communication Awards, where VEON received
the Crisis Response award for the efforts of Jazz, JazzCash
and Mobilink Bank in the midst of, and during the aftermath of, the
devastating floods in Pakistan in August 2022, as well as for
Banglalink’s support for communities facing Cyclone Mocha in
Bangladesh, and Kyivstar’s work in keeping Ukraine connected
through the war.
VEON Group’s sustainability initiatives, including in areas of
diversity and inclusion as well as climate action, are outlined in
its latest Integrated Report for 2022, available on the company
website.
About VEON VEON is a digital operator that provides
converged connectivity and digital services to nearly 160 million
customers. Operating across six countries that are home to
more than 7% of the world’s population, VEON is transforming lives
through technology-driven services that empower individuals and
drive economic growth. Headquartered in Amsterdam, VEON is
listed on NASDAQ and Euronext.
For more information visit: https://www.veon.com
About Mobilink BankMobilink Bank is Pakistan’s leading
digital microfinance bank with over 45 million registered users
including 16+ million monthly active mobile users. With a hybrid
model that combines traditional microfinance with mobile/digital
banking technologies, the bank now operates with over 100 branches
and more than 220,000 branchless banking agents, and provides a
USSD (GSM) based digital channel offering savings, micro enterprise
(MSME) loans, small housing loans, remittances, collection (utility
bills and loan installments), mobile wallets, insurance, G2P, B2B
& B2P payments; thus, playing a leading role in the promotion
of financial inclusion. For more information
visit: www.mobilinkbank.com
Disclaimer This release contains “forward-looking
statements,” as the phrase is defined in Section 27A of the U.S.
Securities Act of 1933, as amended, and Section 21E of the U.S.
Securities Exchange Act of 1934, as amended. Forward-looking
statements are not historical facts, and include statements
relating to, among other things, VEON’s commercial offerings.
Forward-looking statements are inherently subject to risks and
uncertainties, many of which VEON cannot predict with accuracy and
some of which VEON might not anticipate. The forward-looking
statements contained in this release speak only as of the date of
this release. VEON does not undertake to publicly update, except as
required by U.S. federal securities laws, any forward-looking
statement to reflect events or circumstances after such dates or to
reflect the occurrence of unanticipated events.
Contact Information VEON Hande Asik Group Director
of Communication pr@veon.com
TUVA PartnersJulian Tannerjulian.tanner@tuvapartners.com
VEON (EU:VEON)
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