Warby Parker Publishes Its 2021 Impact Report
April 21 2022 - 10:25AM
Business Wire
The 2021 report highlights Warby Parker’s progress and impact as
the first public benefit corporation to go public via direct
listing, including launching the Warby Parker Impact Foundation,
exceeding 10 million pairs of glasses distributed globally through
its Buy a Pair, Give a Pair program, expanding its Pupil Project
program, and more.
Warby Parker Inc. (NYSE: WRBY) (the “Company”), a
direct-to-consumer lifestyle brand focused on vision for all, today
published its 2021 Impact Report. The Company tracks and publicly
reports its impact on stakeholders in this annual report following
the Global Reporting Initiative (GRI) framework. To share a
comprehensive view of the Warby Parker brand and what it stands
for, the Company uses this report to communicate progress and
updates on its GRI topics and more with its stakeholders. To help
guide this material, the Impact Report is broken into four key
sections:
- Living Well and Giving Back: Warby Parker takes care of
its employees and communities by advancing access to eye care,
providing fair wages, promoting wellness, and driving inclusion,
equity, and diversity
- Eyeing the Customer Experience: Warby Parker enhances
the customer experience to help customers see (and look)
better
- A Sustainable Vision: Warby Parker aims to use resources
responsibly, reduce waste, and maintain a neutral carbon footprint
across its operations
- Advancing Our Mission: Warby Parker strives to govern
ethically, lead with inclusivity, and live its values
The GRI is one of the most widely recognized sets of global
sustainability reporting guidelines that helps organizations
understand, communicate, and compare their impact on key
sustainability topics. Warby Parker also releases a Sustainability
Accounting Standards Board (SASB) summary and aligns its key areas
of sustainability to the United Nations’ Sustainable Development
Goals (SDGs) within the Impact Report.
Learn more and read the 2021 Impact Report at
warbyparker.com/impact-report.
Highlights from the 2021 Impact Report
include:
First Public Benefit Corporation To Go Public Via Direct
Listing: On September 29, 2021, Warby Parker became the first
public benefit corporation to go public through a direct listing,
and the Company hopes to continue to serve as an example to other
businesses and entrepreneurs that you can do well while doing
good.
Being a public benefit corporation underscores Warby Parker’s
commitment to purpose and its stakeholders. This legally binding
status holds Warby Parker to an even higher standard of
transparency and accountability—and allows leadership and its board
of directors to make decisions taking into account the interests of
all of stakeholders, including its community. The Company believes
that its public benefit status also serves as an additional way of
furthering its goals and mission while driving long-term
sustainability and profitability.
Launch of The Warby Parker Impact Foundation: In
celebration of Warby Parker’s direct listing, the Company publicly
launched the Warby Parker Impact Foundation in the fall of 2021. As
a 501(c)(3) public charity, the foundation’s mission is to advocate
for wider access to vision services, educate communities on the
importance of eye health, and provide people with the eye care they
need to lead safe, happy, and productive lives. In 2021, Warby
Parker was incredibly proud to authorize up to 1% of the company's
outstanding shares for future grants to the foundation or other
like-minded charitable organizations.
Learn more about the foundation at
warbyparkerfoundation.org.
10 Million Pairs of Glasses Distributed Globally: 2.5
billion people around the world need and do not have the glasses
they need to see clearly. Since Warby Parker’s founding in 2010,
the team has worked tirelessly with its partners to address this
global issue. And in 2021, Warby Parker reached an incredible
milestone: over 10 million pairs of glasses have been distributed
through its Buy a Pair, Give a Pair program—which means over 10
million more people now have the glasses they need to learn, work,
and achieve better economic outcomes.
Due to the administrative intricacies and cadence of the
program, the distribution of glasses should not be correlated
against the Company's sales in any fiscal period.
Learn more about the Buy a Pair, Give a Pair program at
warbyparker.com/buy-a-pair-give-a-pair.
Pupils Project Program Expansion To Three New Regions In The
U.S.: In 2015, Warby Parker created Pupils Project, a program
that works with local organizations and government agencies to give
free vision screenings, eye exams, and glasses to schoolchildren.
In September 2021, the Company expanded Pupils Project to bring
vision services to 70+ new U.S. school districts in cities across
California, central and western Pennsylvania, and Washington, D.C.
Warby Parker plans to distribute tens of thousands of pairs of
glasses during the 2021–2022 school year alone.
About Warby Parker
Warby Parker (NYSE: WRBY) was founded in 2010 with a mission to
inspire and impact the world with vision, purpose, and
style—without charging a premium for it. Headquartered in New York
City, the co-founder-led lifestyle brand pioneers ideas, designs
products, and develops technologies that help people see, from
designer-quality prescription glasses (starting at $95) and
contacts, to eye exams and vision tests available online and in
more than 160 retail stores across the U.S. and Canada.
Warby Parker aims to demonstrate that businesses can scale while
doing good in the world. Ultimately, the brand believes in vision
for all, which is why for every pair of glasses or sunglasses sold,
a pair is distributed to someone in need through their Buy a Pair,
Give a Pair program.
Source: Warby Parker Inc.
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Ava Rojo ava@derris.com
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