Yelp Releases First Environmental, Social and Governance Report
December 13 2022 - 8:15PM
Business Wire
Yelp Inc. (NYSE: YELP), the company that connects people with
great local businesses, released its first environmental, social
and governance (ESG) report today.
“While this is our inaugural ESG report at Yelp, we’ve always
focused on delivering on our mission while upholding our values,”
said Jeremy Stoppelman, Yelp co-founder and CEO. “We're taking this
step now to understand where we are today so we can make meaningful
strides towards a more sustainable future.”
As part of the effort, Yelp calculated its Scope 1, 2 and 3
greenhouse gas emissions for the first time, which are detailed in
the report. Notably, the company has seen a significant reduction
in emissions since the company fully embraced remote work. Based on
these findings, Yelp will develop an actionable approach to further
reduce the company’s emissions.
The report also outlines Yelp’s efforts in a number of areas,
including:
- How Yelp is positioned to drive impact across a number of the
UN’s Sustainable Development Goals.
- The company’s efforts to amplify underrepresented voices within
its employee community and across its platform, including Yelp’s
latest workforce diversity data.
- Yelp’s focus on Trust & Safety, which includes developing
technology and policies to help cultivate and surface useful and
reliable content while combating misinformation.
The full ESG report can be read here. Additional information
about Yelp’s ESG approach can be found at yelp-ir.com.
About Yelp
Yelp Inc. (www.yelp.com) connects people with great local
businesses. With unmatched local business information, photos, and
review content, Yelp provides a one-stop local platform for
consumers to discover, connect, and transact with local businesses
of all sizes by making it easy to request a quote, join a waitlist,
and make a reservation, appointment, or purchase. Yelp was founded
in San Francisco in July 2004.
Forward-Looking Statements
This press release contains words such as “expects,” “will,”
“anticipates,” “aims,” “projects,” “intends,” “plans,” “believes,”
“estimates,” “seeks,” “assumes,” “may,” “should,” “could,” “would,”
“foresees,” “forecasts,” “predicts,” “targets,” “commitments,”
“goals” variations of such words and similar expressions. These
words are intended to identify such forward-looking statements,
which may consist of, among other things, trend analyses and
statements regarding future events, future financial and climate
performance and achievement of stated ESG goals. These
forward-looking statements are based on current expectations,
estimates and forecasts, as well as the beliefs and assumptions of
our management, and are subject to risks and uncertainties that are
difficult to predict. The achievement or success of the matters
covered by such forward-looking statements involves risks,
uncertainties and assumptions. We continually review emissions
quantification methodologies and are committed to implementing best
practice quantification methodologies. These and other risks and
uncertainties may cause our actual results to differ materially and
adversely from those expressed in any forward-looking statements.
Readers are directed to risks and uncertainties identified in the
“Risk Factors” section and elsewhere in our Annual Report on Form
10-K, filed with the Securities and Exchange Commission (SEC) on
February 28, 2022, for additional detail regarding factors that may
cause actual results to be different than those expressed in our
forward-looking statements. Except as required by law, we undertake
no obligation to revise or update publicly any forward-looking
statements for any reason. The contents of the various websites
referenced throughout this press release are not incorporated by
reference and do not constitute a part of any filing we have made
or will make with the SEC. Further, we undertake no obligation to
revise or update the information included in the links to websites
referenced throughout this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20221213006113/en/
Investor Relations Contact: Kate Krieger ir@yelp.com
Press Contact: Amber Albrecht press@yelp.com
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