Western Union’s Commitment to Moving Money with Integrity and Connecting People to the Global Economy
Western Union, the worldwide innovator in global, cross-currency money transfers, released its Environmental, Social, and Governance (ESG) Report, which highlights the Company’s accomplishments for the financial year 2019 toward its commitment to moving money with honesty and connecting individuals to the worldwide economy.
Offering incentives for its clients, representatives, operators, investors, and networks in which it operates remains the main concern for the Company as it tries to help establish a better future for All.
The report features key aspects where Western Union is having a worldwide effect:
Connecting individuals to the global economy: The mix of retail and advanced applications empowers Western Union to be the structure among offline and online money transfers, making a real global platform that provides inclusion for All. Furthermore, WU remains on the side of refugees, migrants, and other uprooted individuals in need.
Apart from providing for the basic needs, remittances serve as an engine for development by generating income and jobs, and transforming economies and ultimately whole societies.
- Approximately 85% of the money transferred is used for basic needs like healthcare, food, rent, and education»
- 25%+ of our clients have sent cash for education, in view of client reviews
Serving small and medium businesses: Western Union is a trusted partner in helping small and medium enterprises (SMEs) unlock opportunities, connect to the global market and take part in the global trade. According to the World Bank, 7 out of 10 jobs in emerging markets are created by SMEs with fewer than 250 employees.
Moving cash with uprightness: Western Union works intimately with specialists to help impede and arraign extortion, human trafficking, tax evasion, and other types of crime.
- Western Union put nearly $1 billion into compliance & consistency endeavors in the course of recent years
In 2019, the Western Union Foundation, its representatives, operators, and colleagues — encouraged underserved population to interface with the worldwide economy through educational support and social aid projects.
The Western Union Foundation has invested almost $120 million to subsidize tasks to propel education and bolster philanthropic relief in 137 nations since 2001.
- Another important element of the Western Union’s footprint in the world community is the large portion of its worldwide female workforce. 40% of the executive level-and-above positions are held by women and this number keeps rising.
In 2019, Western Union was recognized as a “Best Adoption-Friendly Workplace” by The Dave Thomas Foundation for Adoption. Globally, Western Union offers financial reimbursement and paid leave for employees who adopt a child or children under the age of 18.
Read all the details of the annual report here.
You like what you read, you can share it.