Zuora Reaches Carbon Neutrality and Reaffirms DE&I Commitment in Inaugural ESG Impact Report
09 Mai 2022 - 2:00PM
Business Wire
Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription
management platform provider, today launched its inaugural
Environmental, Social and Governance (ESG) Impact Report and
announced that the company is carbon neutral for fiscal year
2022.
The report spotlights Zuora’s efforts over several years with
the goal of making a positive impact in ESG. Focus areas include
how the company is building a more inclusive and equitable future
for its employees and surrounding communities, the principles that
will guide Zuora’s long-term corporate responsibility, and the
company’s commitments to sustainability.
Zuora’s fiscal year 2022 ESG Impact Report highlights the
following accomplishments:
- Reached carbon neutrality for its fiscal year 2022 as a result
of internal initiatives to reduce emissions and by purchasing
high-quality carbon offsets to mitigate the environmental impact of
the remaining emissions, and affirmed its commitment to maintaining
carbon neutrality in the future. By partnering with Watershed, a
climate technology platform, the company measured its carbon
footprint across Scope 1, 2 and 3 emissions, which sets a baseline
to help the company reduce its greenhouse gas (GHG) impact moving
forward.
- Fostered a diverse and inclusive workplace culture: 41% of
Zuora employees, 60% of its executive team and 56% of its Board of
Directors self-identified as members of underrepresented groups at
the end of fiscal year 2022, which includes women globally, and, in
the US, individuals who self-identify as being from
underrepresented groups, such as Asian, African American and Latinx
individuals. Zuora's Diversity, Equity and Inclusion (DE&I)
function, which was created in 2020, continues the company's 2018
goal that 50% of employees self-identify as members of
underrepresented groups.
- Donated more than $1 million to impact-driven organizations
across the globe through its Zuora for Good Impact Fund.
“The Subscription Economy® has untapped potential to broaden
access to goods and services, increase inclusion and equity, and
create a more sustainable world,” said Tien Tzuo, Founder and CEO
at Zuora. “Our first ESG Impact Report serves as a foundation of
our progress and unwavering commitment to creating solutions that
are better for people, better for business and ultimately, better
for the planet.”
The report is a key milestone for Zuora’s ESG journey, providing
accountability and transparency as the company expands its ESG
strategy and execution. To support these efforts, Zuora has built a
cross-functional ESG team and partnered with several external
advisors to help further these programs into the future.
To access the full report, visit here.
About Zuora, Inc.
Zuora provides the leading cloud-based subscription management
platform that functions as a system of record for subscription
businesses across all industries. Powering the Subscription
Economy®, the Zuora platform was architected specifically for
dynamic, recurring subscription business models and acts as an
intelligent subscription management hub that automates and
orchestrates the entire subscription order-to-revenue process
across billing, collections and revenue recognition. Zuora serves
more than 1,000 companies around the world, including Box, Ford,
Penske Media Corporation, Schneider Electric, Siemens, Xplornet and
Zoom. Headquartered in Silicon Valley, Zuora also operates offices
around the world in the U.S., EMEA and APAC. To learn more about
the Zuora platform, please visit www.zuora.com.
© 2022 Zuora, Inc. All Rights Reserved. Zuora, Subscribed,
Subscription Economy, Powering the Subscription Economy, and
Subscription Economy Index are trademarks or registered trademarks
of Zuora, Inc. Third party trademarks mentioned above are owned by
their respective companies.
Forward-looking statements
The report does not cover all information about our business.
References in this report to information should not be construed as
a characterization regarding the materiality of such information to
our financial results or for purposes of the U.S. securities laws.
The information covered by the report contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding our ESG goals,
commitments, and strategies and related business impacts. These
statements involve risks and uncertainties, and actual results may
differ materially from any future results expressed or implied by
the forward-looking statements. More information on risks,
uncertainties, and other potential factors that could affect our
business and performance is included in our filings with the SEC,
including in the “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” sections
of the company’s most recently filed periodic reports on Form 10-K
and Form 10-Q and subsequent filings. We assume no obligation to
update any forward-looking statements or information, which speak
as of their respective dates.
SOURCE: ZUORA FINANCIAL
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220509005185/en/
Investor Relations Contact: Luana Wolk
investorrelations@zuora.com 650-419-1377
Media Relations Contact: Margaret Pack press@zuora.com
619-609-3919
Zuora (NYSE:ZUO)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Zuora (NYSE:ZUO)
Historical Stock Chart
Von Apr 2023 bis Apr 2024