MULTITUDE AG.
MULT.XETRA | Other credit granting
Multitude SE, formerly Multitude AG, is a financial technology company that provides digital financial services to consumers and small businesses. It offers a range of products including consumer loans, credit lines, and payment solutions. The company operates through various brands and subsidiaries...Show More
Better Health for All
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Multitude SE is a financial technology company providing digital financial services. There is no evidence regarding the direct health impact of its financial products, revenue from activities with negative health outcomes, user safety records concerning health, price accessibility of health products, or reach to vulnerable populations for health needs. The company's operations are not described as involving health innovation, health equity programs, healthcare workforce support, preventative health measures, healthcare data management, global health crisis response, mental health initiatives, pharmaceutical patents, nutrition, healthcare education, addiction mitigation, or clinical trials. The articles explicitly note a lack of specific metrics for many health-related aspects.
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Fair Money & Economic Opportunity
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Multitude's wholesale banking portfolio, which includes €14 million in loans to small and medium-sized agricultural businesses, reached €112.9 million in Q3 2024.
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This represents 17.37% of the company's total loans to customers of €649.9 million in 2024.
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Additionally, its CapitalBox unit provides financing to SMEs across Europe.
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However, Multitude Bank p.l.c. incurred an administrative penalty of €653,637 for compliance breaches.
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Fair Pay & Worker Respect
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In 2022, the CEO's base salary to average employee compensation ratio was 4.71:1.
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The company reported an overall employee rating of 3.8 out of 5 stars (76%) based on 182 Glassdoor reviews.
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The voluntary employee turnover rate was 19.6% in 2024.
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The company stated there were no substantiated labor law or human rights violations.
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In 2024, temporary employees constituted 4.20% of the total workforce.
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Fair Trade & Ethical Sourcing
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Multitude SE is a financial technology company that provides digital financial services. Due to its business model, the company does not procure or trade physical commodities, nor does it have a supplier base requiring welfare or sourcing audits, supply chain tiers to map, or material sourcing of at-risk inputs. Consequently, no remediation processes for such issues are required. The company also reports no incidents of forced child labor or other compliance issues related to fair trade and ethical sourcing.
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Honest & Fair Business
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For the year ended 31 December 2024, independent external audit covered entities contributing 86% to total Group’s assets, comprising 78% under full scope and an additional 8% for financial statement line items.
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Multitude implements a zero-tolerance approach to bribery and corruption, defined in its Code of Business Conduct and Ethics.
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This policy requires employees to conduct due diligence on suppliers, include anti-bribery and corruption clauses in agreements where necessary, and undergo regular training.
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The company also has a formal Whistleblowing Policy, revised in 2023 to align with the EU Whistleblowing Directive (EU) 2019/1937.
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This policy provides a secure and confidential internal email channel, designates a Whistleblowing Reporting Officer, and protects whistleblowers from retaliation.
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Whistleblowing reports are acknowledged within 7 days, with follow-up action completed within a maximum of 3 months.
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Kind to Animals
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Multitude SE is a financial technology company providing digital financial services. Its core business operations do not involve animal products, animal testing, or direct animal agriculture, rendering most animal welfare-related KPIs not applicable. The company's direct engagement with animal welfare is primarily through its 'Charity of Your Choice' initiative. In 2023, Multitude supported non-profit organizations working in animal welfare, among other causes, contributing EUR 17,000 to 13 charities in seven countries.
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The total contribution since the initiative's inception exceeds EUR 70,000.
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No War, No Weapons
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Multitude SE is a financial technology company providing digital financial services.
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The provided articles contain no information indicating any involvement in arms manufacturing, military contracts, or conflict facilitation. Specifically, there is no evidence of revenue derived from arms or defense contracts, aligning with a business model that has no defense or arms-related activities in its core operations. No other KPIs could be scored due to a lack of specific, concrete evidence in the provided articles.
Planet-Friendly Business
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Multitude reported zero environmental compliance violations in both 2023 and 2024.
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The company has committed EUR 14 million, representing 20.71% of its 2024 EBIT, to sustainable agriculture loans.
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It has set a net-zero target for Scope 2 emissions by 2030
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and for Scope 3 (Purchased emissions) by 2035,
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with interim targets for 2025.
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However, these targets are not validated by the Science Based Targets initiative (SBTi). Multitude's taxonomy-eligible activities as a proportion of total covered assets were 0% in both 2023 and 2024.
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Since 2024, climate risk factors have been incorporated in the estimation of Expected Credit Losses (ECL) for consumer and SME lending activities, utilizing climate scenarios from Oxford Economics, including Net Zero (1.5-1.6°C), Low Demand, and Climate Distress (2.1°C by 2050).
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Respect for Cultures & Communities
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The provided articles do not contain specific, quantifiable evidence for any of the KPIs related to 'Respect for Cultures & Communities'. There is no data on formal partnerships with indigenous or local community groups, percentage of revenue reinvested in local community development, cultural appropriation incidents, formal cultural impact assessment protocols, local employment ratios, community-specific grievance mechanisms, average community complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier counts, cultural site protection, social license to operate, charitable giving specifically to cultural heritage organizations, community fund allocation, language inclusivity assessment scores, cultural incident response, or cultural sensitivity training completion percentages.
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Safe & Smart Tech
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Multitude's data retention policy allows for data to be kept for up to 10 years, which aligns with a negative tier for data minimization
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. However, the company states it operates on a reciprocity principle for data collection, only collecting data if it provides value to users
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. Multitude has established robust data ethics principles, including corporate policy documents that emphasize aggregated data over individual performance
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, and focuses on mitigating algorithmic bias across data collection, feature engineering, model evaluation, and deployment
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. It performs intersectional evaluation of models internally
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and emphasizes the explainability of its models
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. The company conducts 'bad actor' exercises to identify potential vulnerabilities
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and allows users to withdraw consent for direct marketing and manage cookie preferences
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. Multitude mentions compliance with GDPR and the Federal Act on Data Protection (FADP) of Switzerland
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Zero Waste & Sustainable Products
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The provided articles for Multitude SE, a financial technology company, do not contain specific, quantifiable data points or initiatives directly relevant to the 'Zero Waste & Sustainable Products' value's KPIs. The company's core offerings are digital financial services, which inherently minimize physical waste, but the articles do not provide metrics such as waste diversion rates, product recyclability percentages, packaging sustainability, recycled content, or specific waste reduction targets and initiatives in a measurable format that aligns with the rubric's thresholds. Information regarding supplier waste requirements includes the Group conducting an ESG assessment of any vendor arrangement with a total annual spend greater than EUR 50,000, or if outsourcing, regardless of the value
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. This evaluation includes screening for human rights and environmental incidents throughout the vendors’ value chains
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. Furthermore, it involves a thorough evaluation of the counterparties’ policies on the management of ESG issues, including human rights
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. Information regarding customer waste education includes Multitude’s Consumer Banking business unit addressing financial literacy through its online content development
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. It aims for over 50% of its online content to be educational by 2025 and achieved a 45% mark in 2024
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.