Focused solely on Improving financial health: The report tackles Experian’s biggest area of influence with other topics of the Group’s tiered sustainability strategy, such as data security, people and environment, addressed in the annual report, published on the same day.
A global challenge: Financial health affects people in both developing countries and developed countries, such as two of Experian’s key areas of operation: the US and UK. Statistics give an indication of the challenge, such as 28 million Americans are ‘credit invisible’, and more than 63 million people in Brazil have unmanageable debts that affect their credit rating.
Core products help address the issue: Core products are one of the three ways in which Experian is improving financial health. Topics covered include understanding and managing finances; improving credit visibility; protecting against fraud and boosting credit scores – each one supported by key data and links to product websites.
Illustrating the strategy in action: Major case studies bring the strategy to life, setting out the challenge and Experian’s solution. Here, the story focuses on how many of the 2.5 million Venezuelan migrants living in Columbia face barriers to social and financial inclusion despite have the correct documentation, and how Experian is developing a solution to address this, through its Social Innovation programme.
