Algbra partners with Doconomy at COP26 to further its sustainability agenda with global minority communities

Algbra continues its commitment to challenging the banking industry to do better on inclusion and sustainability – most recently through its authoring of “Helping the Financially Overlooked with Lifestyle and Values Banking” report with Mastercard – by joining Doconomy’s growing number of finance institutions joining the mission to fight climate change. Building its products to be inclusive of ethical and Islamic Finance principles – transparency, fairness, sustainability – Algbra is seeking to create a new form of banking where, building on traditional ESG foundations, inclusion, ethics and fairness are combined with the conviction that institutions must act for the common good.

Mathias Wikström, CEO of Doconomy, said:“Companies with a higher purpose than revenue inspire the Doconomy team. Companies taking a stand for excluded and underserved groups of individuals are role models for others to follow. Algbra is combining their value-focused entrepreneurship with technological brilliance, where responsibility, ethics and fairness is at the core. We are grateful to be supporting the Algbra mission”.

Nizam Uddin OBE, Chief Strategy Officer of Algbra, said: “Whilst climate change is an inescapable global crisis impacting everyone, the burden of climate change falls disproportionately on already marginalized groups, both in developed and developing contexts. ”