Thank you. Customer 0 Topic: Networking building blocks and their functions, software applications' vulnerabilities. View more reviews. We're Obsessed with Your Privacy.
At GradeMiners, you can communicate directly with your writer on a no-name basis. New to Coursework Hero? Calculate the price of your order Type of paper needed:. You will get a personal manager and a discount. The more we grow at Adyen, the more we must consider our impact on the planet.
This year, we grew from the solid groundwork we laid in and started helping our merchants take responsibility for the impact of their operations as well by building our Offsets in Checkout product. We proactively work on expanding our sustainability efforts to ensure we take responsibility for our carbon footprint. We annually conduct a greenhouse gas GHG audit, which measures the amount of CO2e emissions for which we are accountable.
Through our partnership with South Pole, we are able to offset these emissions by supporting environmental sustainability projects. Scope 1 and 2 emissions are calculated using data from our offices across the world, reflecting how we heat and cool our offices along with the electricity we use. Scope 3 emissions stem from mileage air travel and ground transportation , data center energy use, hotel stay duration, spend on purchased goods, and outsourced activities.
Scope 1 — Scope 2 — 2, To make it tangible: when charging a smartphone at one of our offices, these emissions tie into scope 2.
Scope 3 — 6, However, due to the pandemic, we reduced our overall tCO 2 e as reflected in the audit results above. As such, we remain a carbon neutral company by offsetting all emissions from our business operations, including the impact of home offices.
This year, the environmental sustainability projects we supported were focused on the SDGs of climate action, quality education, decent work and economic growth. Both projects are making significant strides in bringing lasting solutions to these crucial topics.
Farming for the survival of an individual or family, also known as subsistence farming, is commonplace throughout the majority of rural communities in Uganda. Via education-focused projects, the International Small Group and Tree Planting Program TIST aims to break the cycle of deforestation, drought, famine, and poverty by empowering populations reliant on subsistence farming via education-focused projects. These projects empower and train local farmers in their reforestation and agricultural efforts — for example, by educating on how to plant trees for maximum protection from runoff and erosion, and simultaneously conserve water and stabilise soil to increase crop yields.
In terms of building sustainable livelihoods, participants in the TIST Program receive stipends from the sale of carbon credits based on the GHG benefits created by their efforts. In recent decades, more than a third of forests have been cleared in Zimbabwe to make space for subsistence farming and fuelwood, as the rocky political and economic climate has left many communities with no other option. The Kariba project protects around , hectares on the shores of Lake Kariba from deforestation and land degradation.
This large biodiversity corridor is home to many vulnerable and endangered species, and prevents 3. The project also supports regional sustainable development and promotes the independence of local communities by providing healthcare, clean drinking water and education on project-related activities such as agricultural practice, beekeeping and borehole maintenance. For me, that means going outside, and taking regular bike rides — even when it's raining.
Our teams live, work and thrive in their local communities, so we want to address locally relevant issues through employee-led initiatives. We enable our employees who want to set up grassroots initiatives, ranging from preparing backpacks for less privileged students to hosting hackathons for women in tech.
Most of the initiatives brought to life started with an idea from a group of employees to give back. With many people suffering from the COVID pandemic, our teams around the world gathered to deliver essential goods and equipment to people in need. Our Paris team frequently volunteered with a local charity which prepares warm meals for disadvantaged communities.
Additionally, our teams continued to offer our technical expertise to those with limited access to the workforce. In a normal scenario, our Amsterdam team would have hosted free coding bootcamps for refugees in partnership with local NGO Hack Your Future.
The curriculum was quickly adapted to online sessions due to the pandemic, which allowed Adyen employees from all over the world to participate in training the Hack Your Future students. The donation landscape faces significant friction due to structural problems in the industry infrastructure.
To ensure that the full donation goes straight to the charity, Adyen absorbs the entire transaction cost of each donation. While checkout donations are not new, they typically include additional costs and complexity for merchants, making this seemingly easy choice to do good less enticing. This is beneficial to our merchants as it reduces operational hassle, creates a seamless user experience for shoppers, and provides a transparent overview of contributions to the charity.
After offsetting our own carbon emissions in , we began thinking about how we can help our merchants do the same. As a result, we built Offsets in Checkout.
Partnering with South Pole, we have created a database which calculates the exact amount of GHG emissions used for the production and delivery of goods they are purchasing at that moment, sending that back to checkout via an easy to implement integration. The line between work and life has blurred over the past year — I can be fully involved in their lives without compromising on my work projects.
We are building for the long term based on a strong culture of integrous behavior. To this end, we ensure that compliance forms an integral part of everyday decision making by integrating a global compliance program into daily business activities and strategic planning. In light of our growth, the effectiveness of the compliance program depends on scalable compliance solutions. Consistent with our core business, this scalability is achieved primarily through the use of technology and data-driven solutions, in the pursuit of lasting and sustainable growth.
The Compliance Handbook and its related policies and procedures additionally promotes integrous and ethical conduct throughout Adyen. The Handbook, and associated standards, are communicated initially through introductory sessions and subsequently promoted on an ongoing basis, including through annual refresher training sessions. The Compliance Handbook is applicable to all Adyen employees worldwide.
To ensure Adyen proactively identifies and effectively mitigates integrity risks that may affect its business, including to account for evolution with respect to the product offering, the markets in which Adyen operates and the general growth as a business, a systematic integrity risk analysis SIRA is performed on an ongoing basis. The SIRA assists Adyen to identify, mitigate, measure and monitor potential integrity risk scenarios as described below.
Adyen identifies a number of integrity-related topics as being core to maintaining control from a compliance perspective 6 :. Considerations on how the identified integrity risks could manifest to impact compliance at Adyen, applicable laws, regulations, industry standards, and best practice related to payments or financial services are continually monitored to identify compliance obligations and standards.
Particular focus continues to be given to anti-money laundering, counter-terrorist financing AML, CFT and sanctions regulations as further described in the Risk section of this report. The purpose of the PARP is to ensure relevant stakeholders can identify and assess potential risks for both Adyen and its merchants, and ensures mitigating actions are taken when necessary. In , numerous PARPs were undertaken in connection with new products or markets and expansion in existing markets, including by way of example, the launch of Issuing.
In accordance with the three-lines-of-defense model, teams within the second line of defense are mandated with an independent position from which to monitor and advise on the implementation of integrity risk controls within Adyen. This independent position is warranted by without limitation , the power to investigate, challenge and escalate any concerns without influence from the business.
I do miss going to the office, but I still feel as much a part of Adyen as I did before the pandemic.
The global regulatory landscape for payment and financial services is varied and constantly changing. Still, Adyen continues to see alignment between the underlying principles and objectives of financial regulation around the globe and leverages this as the basis for its global compliance program.
As a result, Adyen continues to embrace regulation in building for the long term. Regulation allows Adyen to continually improve the quality of processes, sharpen thinking and explore and develop new product opportunities. Throughout , key focus areas for Adyen to maintain control and leverage regulation as an opportunity included:. Through the power of a unified platform, Adyen is well positioned to deal with increasing regulatory complexity.
Adyen continues to take a proactive approach to building relationships with regulators and payment schemes, maintaining transparent and constructive interactions to build a sustainable business. Adyen is committed to maintaining and strengthening its global compliance program to support sustainable business and drive growth for merchants.
At Adyen, we understand that the trust we have been given by our customers to process personal data is essential to our business. Building for the long run entails building a platform that has privacy engrained in its design. Adyen continues to strive for a global privacy approach, thereby aiming to ensure a solid privacy governance throughout the world.
Adyen is committed to further improve and develop its privacy compliance efforts to support its merchants. To help our merchants grow, we focus on long-term, scalable solutions. As such, responsible tax behavior is an essential element of our sustainability strategy. The taxes that we pay are an important part of our contribution to local economies and support the development of the countries in which we operate.
We pay our taxes in the countries wherein we have a taxable nexus, dependent on the laws of the respective countries. In line with this approach and our values, we do not seek refuge in tax havens and when making decisions we consider the spirit of the law. We maintain an open relationship with all relevant tax authorities, which includes that we may conclude a tax agreement.
When it comes to tax, Adyen has a low risk appetite. We operate a global, scalable tax framework which aims to support the business in its growth, while simultaneously allowing us to be in control of our tax position.
More details on the taxes paid and taxes collected can be found in the financial statements. The tax control framework 7 defines the roles and responsibilities within Adyen when it comes to managing tax risks and ensuring compliance requirements are met. Compliance with the tax control framework is effectuated through a set of internal controls for which evidence is documented and collected on a regular basis. Internal Audit continuously monitors and tests compliance with the tax control framework.
As part of our internal control processes, we perform an annual tax in-control statement. We continuously seek for ways to embed technology in all areas of our tax control framework, including tax processes and tax data management. The tax strategy and compliance with the tax control framework are monitored by the CFO and ultimately the responsibility of the Management Board. Tax is also regularly discussed in the Audit Committee. We refer to our Whistleblowing Policy for the mechanism for anyone within Adyen to report its concerns about unethical or unlawful behavior in relation to tax.
Adyen maintains an open relationship with all relevant tax authorities. We are open to participate in cooperative compliance agreements in order to seek an active real-time audit, whereby clearance is obtained for any significant transactions or tax risks. This may result in Adyen concluding a tax agreement with a tax authority to get upfront certainty on any tax implications that may arise.
Adyen typically refrains from public policy advocacy on tax, nor engages in any lobbying activities related to tax. There is no active involvement in the development of tax systems, legislation, and administration. Within Adyen, tax follows the business. Seeing your colleagues every day in the office is great, and in future situations I will think back of the past year and remind myself how lucky we are. Adyen recognizes that risks are associated with achieving its strategy and business objectives.
Adyen aims to be risk aware without being unduly risk averse. Adyen therefore actively manages its risks to protect and grow the company. Adyen has adopted a uniform and systematic approach for managing risks. Risk management, strategy, and objective-setting work together. Operational objectives put strategy into practice while serving as a basis for identifying, assessing, and responding to risk.
Risk appetite defines the amounts and types of risk Adyen is willing to accept in pursuit of its objectives. A low risk appetite implies a low acceptable residual risk and therefore requires a stronger risk response and internal controls. A higher risk appetite may allow for additional activity and less strong internal controls. Adyen's risk appetite is aligned with its strategy.
Adyen has translated its view on risk appetite into risk appetite statements, which set the overall tone for Adyen's approach to risk taking. Adyen has established a risk governance that is consistent with the size and complexity of the organization and the risk profile of the Company. Adyen's governance identifies, establishes and reinforces the importance of oversight responsibilities for risk management.
The Supervisory Board supervises and advises the Management Board. The Audit Committee is charged with supervising, monitoring, and advising the Management Board in relation to the functioning of the internal risk management and control systems.
The Management Board is responsible for maintaining an adequate system for risk management and internal control. The Management Board has instituted a Risk Committee to support them with risk management oversight.
The Risk Committee keeps the Management Board informed of the observations, recommendations, and deliberations on findings regarding risk management and internal control.
The Risk Committee reports any material risk limit breach that would place Adyen at risk of exceeding its risk appetite, and in particular, of putting in danger the financial condition of Adyen promptly to the Management Board.
We all make mistakes, we seek help and share as soon as we find out. The formula guides our behavior, policies support it. Adyen has adopted the three-lines-of-defense model, which reflects the segregation between operations first line management , the risk management and compliance functions second line , and the independent internal audit function third line.
The first line owns and manages risks, the second line sets control standards and monitors adherence to them, and the third line—internal audit—provides assurance on the adequacy of the first two. The Corporate Risk and Internal Control team supports the Management Board and Risk Committee with its risk oversight, management of the risk framework, setting of the relevant risk management policies, risk appetite, and independent monitoring of key risks, limits, and controls.
Culture is a key aspect of risk management. People establish the mission, strategy, and business objectives, and put risk management practices in place. Adyen believes that a strong culture serves as a safety net to guide people in making good decisions. Adyen performs a top-down, company-wide risk assessment at least annually.
The purpose is to assess principal and emerging risks in order to focus attention on the most significant threats and opportunities. The Management Board has updated its company-wide risk assessment in For a more detailed description of the principal risks, see the "Risk Factors" section.
The top-down, company-wide risk assessment is complemented by bottom-up risk assessments. Adyen continues to expand the use of GRC governance, risk management, and compliance tooling to assess and document the key risks, risk appetite, key controls, and control test documentation to support the evaluation of the effectiveness of the control framework.
The tooling also provides Internal Audit with read-only access to perform its independent audits and assign its recommendations to risks and controls. Adyen uses COSO's Internal Control — Integrated Framework as a reference for its design, implementation, and evaluation of control activities as part of a system of internal control.
Adyen has implemented internal risk management and control systems to manage the risks effectively and efficiently and to provide reasonable assurance that objectives can be met. Policies and procedures ensure that employees understand their role in Adyen's risk and control systems. Prevention of fraud starts with the SIRA to identify potential fraud risk scenarios. Controls that aim to prevent these scenarios from occurring, include an anti-fraud policy, employee background screening, and process-specific fraud risk controls.
Controls aimed at the detection of fraud include system monitoring, auditing, process-specific fraud risk controls, and a whistleblower policy. In , Adyen has merged its business continuity management and recovery frameworks into one resilience framework, in which Adyen plans for its course of business under various operational and financial conditions. During the COVID pandemic, the business continuity protocols allowed employees to continue their day-to-day activities while adjusting to the new normal.
The business continuity response and recovery plans have been updated in with, amongst others, the lessons learned from the COVID lockdowns. Should there be an abrupt end to the pandemic, it is deemed not to have an impact on resuming business as usual.
Illustrative to this resilience is how online retail and digital goods volumes accelerated, while travel and in-store volumes slowed down due to global lockdown restrictions. Adyen found its products to be particularly suited to rapid adaptations during challenging times.
When stores shut down, Adyen was able to help merchants move volumes online quickly, and in reopening scenarios Adyen has facilitated several contactless in-store set-ups. Adyen continued to onboard volume at scale and was able to add merchants to the platform with timelines largely unaffected by COVID The full effect of the pandemic however, has not yet trickled down to the real economy and will manifest itself over the upcoming years.
Adyen will continue to execute its strategy to diversify the product and customer portfolio across verticals and geographies to mitigate the impact from the pandemic. Adyen uses stress testing to understand the potential impact of stress events on its business model, capital, and liquidity ratios. The stress scenarios are based on exceptional but plausible events with an adequate degree of severity.
Adyen also performs stress testing to evaluate the reliability of capital and liquidity plans under stressed conditions using scenarios and risk factors prescribed by the regulator. Adyen performs these tests in accordance with EBA guidelines on stress testing. In compliance with principle 1. Adyen has implemented internal control over financial reporting designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with financial reporting standards.
In the third quarter trading update, Adyen reported that its controls identified a duplicate recording of certain scheme fees that resulted in an understatement of net revenue, EBITDA, and EBITDA margin figures with related impact on tax and net income since These duplicate bookings were solely accounting related and did not affect any cash positions, payouts from financial institutions, or payouts and reporting to merchants.
Adyen took remedial actions to avoid these errors in the future. Per December 31, , no major failings in the effectiveness of the internal risk management and control systems were observed, nor were significant changes to these systems made or major improvements planned. The Management Board has discussed the evaluation of its risk management and control systems with the Audit Committee and Supervisory Board. This section describes the principal risks that could potentially affect Adyen.
While Adyen believes that the risks described below are the material risks concerning Adyen's business, they are not the only risks relating to Adyen. Other risks, facts, or circumstances not presently known to Adyen or that Adyen currently deem to be immaterial, could individually or cumulatively prove to be significant and could have a material adverse effect on Adyen's business, results of operations, financial condition, and prospects.
Adyen accepts strategic and business risk knowing that in order to achieve its strategic objectives it may consume some amounts of capital investing in new assets, people, and processes.
In pursuance of its strategic objectives Adyen values a solid financial and capital outlook. Any negative publicity about Adyen, the quality and reliability of its products and services, changes to its products and services, its ability to effectively manage and resolve complaints, its privacy and security practices, litigation, regulatory activity, and the experience of merchants and shoppers with its products or services, could adversely affect its reputation and the confidence in and use of its products and services.
Harm to Adyen's brand can arise from many sources, including failure by Adyen or its partners to satisfy expectations of service and quality, inadequate protection of sensitive information, compliance failures and claims, litigation and other claims, employee misconduct, rumors or false stories, and misconduct by its partners, service providers, or other counterparties. Adyen wants to build an ethical and sustainable business and therefore actively mitigates risks that could negatively affect the Adyen reputation or brand.
Failure to meet carbon- reducing policy goals, for example, could cause reputational damage and result in low ratings in sustainable investment indexes, affecting the share price. Adyen prides its commitment to goals that improve the business and footprint. Adyen competes against a wide range of businesses, many of which are larger than Adyen, have a dominant position, or offer other products and services to shoppers and merchants that Adyen does not offer.
Some competitors have greater merchant bases, volume, scale, resources, and market share than Adyen, which may provide significant competitive advantages. Furthermore, Adyen is facing competitive pressure from non-traditional payments processors and other parties entering the digital payments industry, which may compete in one or more of the functions performed in processing merchant transactions.
Adyen accepts that competition could increase as it seeks to increase market share, thereby potentially reducing profit margins, but not at all cost — if pricing is not sustainable, then it will not pursue a deal. In general, Adyen is able to react quickly to market developments due to how its technology and workstreams are structured.
Adyen expects that rapid and significant advancements in technology will continue. These changes may be more superior, cheaper, and impair or render obsolete the products and services Adyen offers. If Adyen is unable to provide enhancements and new features that achieve market acceptance or keep pace with rapid technological developments and evolving industry standards, its business could be materially and adversely affected.
Adyen accepts disruption and innovation as standard market practices. As such, Adyen continues to build and actively invest in its single platform solution. Through the setup of the workstreams with product, technical, and commercial staff, Adyen can work closely with its customers and respond quickly to their evolving needs.
In , Adyen has found its products to be particularly suited to rapid adaptations during the pandemic. The majority of transactions processed on the Adyen platform go through international credit and debit card networks. In order to access these card networks to provide acquiring, processing, and issuing services, Adyen must have the relevant geographically based operating licenses or memberships.
In some markets where it is not feasible or possible for Adyen to have a direct license with a card network, Adyen has a relationship with a local financial institution to act as a local sponsor for the license. Some of Adyen's largest merchants provide significant contributions to its net revenue. Large merchants typically have arrangements with multiple payment service providers primarily in order to mitigate against single- point-of-failure risk.
Large merchants could terminate their contracts or shift business away, leading to lower processed volumes and net revenues. We do not ask clients to reference us in the papers we write for them. When we write papers for you, we transfer all the ownership to you. This means that you do not have to acknowledge us in your work not unless you please to do so.
Our online assignment help is one of the best essay writing help in the world as we work with international students from the most prestigious universities in the world.
We write quality papers for our clients as we have employed highly qualified academic writers from all over the world. Our writers are able to handle complex assignments from their field of specialization. When it comes to finding the best specialist for your paper there are 3 categories of specialist that we have to look at;.
Turning to course help online for help is legal. Getting assignment help is ethical as we do not affect nor harm the level of knowledge you are expected to attain as a student according to your class syllabus. Our services are here to provide you with legitimate academic writing help to assist you in learning to improve your academic performance. With course help online, you pay for academic writing help and we give you a legal service. This service is similar to paying a tutor to help improve your skills.
Our online services is trustworthy and it cares about your learning and your degree. Hence, you should be sure of the fact that our online essay help cannot harm your academic life. You can freely use the academic papers written to you as they are original and perfectly referenced. Whenever students face academic hardships, they tend to run to online essay help companies. If this is also happening to you, you can message us at course help online.
We will ensure we give you a high quality content that will give you a good grade. We can handle your term paper, dissertation, a research proposal, or an essay on any topic. We are aware of all the challenges faced by students when tackling class assignments. You can have an assignment that is too complicated or an assignment that needs to be completed sooner than you can manage.
You also need to have time for a social life and this might not be possible due to school work. The good news is that course help online is here to take care of all this needs to ensure all your assignments are completed on time and you have time for other important activities. We also understand you have a number of subjects to learn and this might make it hard for you to take care of all the assignments.
You are expected to do a thorough research for each assignment to earn yourself a good grade even with the limited time you have.
This calls upon the need to employ a professional writer. When you employ one of our expert writers, you can be sure to have all your assignments completed on time. All your assignment deadlines will be met plus you will have an original, non-plagiarized and error free paper. With our Achiever Papers' services, you are assured of a completely original and error free paper written exclusively for your specified needs, instructions and requirements.
All our papers are original as they are all written from scratch. We also do not re-use any of the papers we write for our customers. With this guarantee feel comfortable to message us or chat with our online agents who are available 24hours a day and 7 days a week be it on a weekend or on a holiday. As a busy student, you might end up forgetting some of the assignments assigned to you until a night or a day before they are due.
This might be very stressing due to inadequate time to do a thorough research to come up with a quality paper. Achiever Papers is here to save you from all this stress. Let our professional writers handle your assignments and submit them to you no matter how close the deadline seems to be. This will protect you from all the pressure that comes along with assignments.
You are assured of a high quality assignment that is error free and delivery will be done on time. We have a reliable team that is always available and determined to help all our clients by improving their grades. We are reliable and trusted among all our clients and thus you can entrust your academic work on us.
For any academic help you need, feel free to talk to our team for assistance and you will never regret your decision to work with us. You can entrust all your academic work to course help online for original and high quality papers submitted on time.
We have worked with thousands of students from all over the world. Most of our clients are satisfied with the quality of services offered to them and we have received positive feedback from our clients.
We have an essay service that includes plagiarism check and proofreading which is done within your assignment deadline with us. This ensures all instructions have been followed and the work submitted is original and non-plagiarized. We offer assignment help in more than 80 courses. We are also able to handle any complex paper in any course as we have employed professional writers who are specialized in different fields of study.
It might seem impossible to you that all custom-written essays, research papers, speeches, book reviews, and other custom task completed by our writers are both of high quality and cheap. It is surprising, but we do have some tricks to lower prices without hindering quality. The support team will view it after the order form and payment is complete and then they will find an academic writer who matches your order description perfectly.
Once you submit your instructions, while your order is in progress and even after its completion, our support team will monitor it to provide you with timely assistance. Hiring good writers is one of the key points in providing high-quality services.
We try to make sure all writers working for us are professionals, so when you purchase custom-written papers, they are of high quality and non-plagiarized. Our cheap essay writing service employs only writers who have outstanding writing skills. The quality of all custom papers written by our team is important to us; that is why we are so attentive to the application process and employ only those writers who can produce great essays and other kinds of written assignments.
All our cheap essays are customized to meet your requirements and written from scratch. Our writers have a lot of experience with academic papers and know how to write them without plagiarism.
Moreover, at our academic service, we have our own plagiarism-detection software which is designed to find similarities between completed papers and online sources. You can be sure that our custom-written papers are original and properly cited.
Our cheap essay writing service tries to always be at its best performance level, so each customer who pays money for paper writing can be sure that he or she will get what is wanted.
There can be a number of reasons why you might not like your order. You can also request a free revision, if there are only slight inconsistencies in your order. Your writer will make the necessary amendments free of charge. You can find out more information by visiting our revision policy and money-back guarantee pages, or by contacting our support team via online chat or phone.
We even have an urgent delivery option for short essays, term papers, or research papers needed within 8 to 24 hours. We appreciate that you have chosen our cheap essay service, and will provide you with high-quality and low-cost custom essays, research papers, term papers, speeches, book reports, and other academic assignments for sale.
0コメント