MONTREAL, July 6, 2022
/PRNewswire/ - Lightspeed Commerce Inc. (TSX: LSPD) (NYSE: LSPD),
the one-stop commerce platform for merchants around the world to
simplify, scale and create exceptional customer experiences, today
announced the release of its first Sustainability Report.
This report demonstrates Lightspeed's commitment to put
sustainability at the heart of its business and sets out its
Environmental, Social and Governance (ESG) initiatives and
highlights for the fiscal year ended March
31, 2022 ("Fiscal 2022").
"From the beginning, enabling a better future in the communities
where we live and work has been at the core of Lightspeed's
mission," said Dax Dasilva,
Executive Chair of Lightspeed's board of directors. "Our inaugural
sustainability report provides a snapshot of our progress, and our
ongoing commitment to advancing corporate social responsibility and
diversity, equity and inclusion initiatives. It is up to all of us
to drive meaningful change, and we will continue to challenge
ourselves to do so."
Some highlights of Lightspeed's sustainability initiatives
include:
- Lightspeed created a Carbon Free Dining program in the UK, in
partnership with Sustainability Run, giving its customers the
ability to offset the carbon emissions associated with their diners
by planting trees. This program has already resulted in the
planting of over 1 million trees and Lightspeed plans to
expand this program to other regions.
- Lightspeed gave ~$1
million to its employees during the COVID-19 pandemic to
spend in support of its merchants in addition to helping merchants
navigate government subsidy programs in many countries.
- Lightspeed continues to invest in education through
partnerships with organizations like Summit School, Technovation
Montreal and Black Girls Code, who help provide underserved
communities with equal access to education and vocational
training.
"Building strong, thriving communities through commerce
permeates everything that we do, and more importantly, how we do
it," said JP Chauvet, Chief Executive Officer of Lightspeed. "With
the launch of this report, we aim not only to continue building on
our strong foundation as we reimagine the way we do business
responsibly, equitably and sustainably, but aspire to be a
benchmark for other companies to drive the industry forward."
Additional key findings from Lightspeed's Sustainability Report
include:
- Based on Lightspeed's annual diversity, equity and inclusion
and engagement survey, 88% of its employees feel that they
can be their authentic self at work.
- Our employee base includes 11% LGBTQ2S+, 12% persons
with disabilities and 28% BIPOC
representation1.
- With more than 2 million employee accounts registered on our
platform, Lightspeed is significantly impacting how retail and
restaurant workers do their jobs globally.
More information on the Company's sustainability progress can be
found in the full report.
About Lightspeed
Powering the businesses that are the backbone of the global
economy, Lightspeed's one-stop commerce platform helps merchants
innovate to simplify, scale, and provide exceptional customer
experiences. Our cloud commerce solution transforms and unifies
online and physical operations, multichannel sales, expansion to
new locations, global payments, financial solutions, and connection
to supplier networks.
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York Stock Exchange
(NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams
across North America, Europe, and Asia
Pacific, the company serves retail, hospitality, and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com
Follow us on social media:
LinkedIn, Facebook, Instagram, YouTube,
and Twitter.
Forward-Looking
Statements
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"). Forward-looking
statements are statements that are predictive in nature, depend
upon or refer to future events or conditions and are identified by
words such as "will", "expects", "anticipates", "intends", "plans",
"believes", "estimates" or similar expressions concerning matters
that are not historical facts. Such statements are based on current
expectations of Lightspeed's management and inherently involve
numerous risks and uncertainties, known and unknown, including
economic factors. A number of risks, uncertainties and other
factors may cause actual results to differ materially from the
forward-looking statements contained in this news release,
including, among other factors, those risk factors identified in
our most recent Management's Discussion and Analysis of Financial
Condition and Results of Operations, under "Risk Factors" in our
most recent Annual Information Form, and in our other filings with
the Canadian securities regulatory authorities and the U.S.
Securities and Exchange Commission, all of which are available
under our profile on SEDAR at www.sedar.com and on EDGAR
at www.sec.gov. Readers are cautioned to consider these and
other factors carefully when making decisions with respect to
Lightspeed's subordinate voting shares and not to place undue
reliance on forward-looking statements. Forward-looking statements
contained in this news release are not guarantees of future
performance and, while forward-looking statements are based on
certain assumptions that Lightspeed considers reasonable, actual
events and results could differ materially from those expressed or
implied by forward-looking statements made by Lightspeed. Except as
may be expressly required by applicable law, Lightspeed does not
undertake any obligation to update publicly or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Lightspeed Commerce Inc.