Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Investment
• Modern Slavery
• Environmental Impact
• Gender Diversity

Environmental Achievements

• Incorporated sustainable measures into our workplace culture to address our direct environmental impact. Initiatives were introduced around recycling, limiting excessive use of paper and ink and donating goods to charity.

Social Achievements

• Continued and strengthened our partnership with Kiva to take part in a global mission helping entrepreneurs around the world to grow and prosper. The Group supported Kiva through employee engagement campaigns and loan matching initiatives.
• Re-certified as a Great Place to Work, and being endorsed by Work180 Australia, recognises our efforts to enhance the experience of our people each day.
• Launched several initiatives including a “Life & Learning Allowance” which is designed to give employees the flexibility to invest in their professional growth, personal wellbeing, community impact and improving their lifestyle.
• Gave employees access to a leave offering called “Get away and increase your stay”, giving employees the option to work remotely for four weeks as part of their planned trip.

Governance Achievements

• Published its second Modern Slavery Statement under the Commonwealth Modern Slavery Act 2018.
• Continued to promote further education, awareness and training across our company to help ensure that we can better identify and understand modern slavery risks.

Climate Goals & Targets

Environmental Challenges

• Challenges to the economic outlook due to inflationary pressures, lower consumer demand and rising interest rates

Mitigation Strategies

• Prospa remains committed to growing and capturing greater market share of the small business lending market.
• Prospa continues to develop and invest in the business to ensure it continues to be nimble and efficient to capitalise on opportunities arising specifically in current market conditions.
• To minimise the effects of potential interest rate rises on the cost of funds, Prospa has deployed specific financial derivative instruments to hedge its risk exposures.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Awards & Recognition

• Most Innovative Deal of 2021 by FinanceAsia
• Great Place to Work Certification (2021, 2022)
• Work180 Endorsed Employer

Environmental Metrics

ESG Focus Areas

• People
• Community

Social Achievements

• Recertified as a Great Place to Work in Australia and New Zealand
• Named as one of Australia’s Best Places to Work for 2023
• Continues to be endorsed by Work180
• Implemented initiatives that provide paid volunteer leave to employees

Climate Goals & Targets

Environmental Challenges

• More challenging macroeconomic environment
• Adverse developments in book performance in CY22
• Softening in consumer demand due to the impact of inflation and mortgage stress
• Impact of inflation and mortgage stress on small business customer base

Mitigation Strategies

• Adopted more conservative risk settings, including a material lift in provisions
• Tightened credit underwriting settings
• Expanding customer and partner proposition to win a greater share of the established small business market with higher quality customers

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Great Place to Work in Australia and New Zealand
• One of Australia’s Best Places to Work for 2023 (Medium sized workplace category)