Lightspeed’s Fiscal 2024 Sustainability Report showcases the Company’s commitment to building stronger communities around the world through accessible, industry-leading technology and payment solutions.
MONTREAL, July 25, 2024 /PRNewswire/ – Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) (“Lightspeed” or the “Company”), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, proudly announces the release of its third annual Sustainability Report. This report continues Lightspeed’s mission to strengthen communities and empower businesses worldwide, detailing its Environmental, Social, and Governance (ESG) initiatives and highlights for the fiscal year ended March 31, 2024 (“Fiscal 2024”).
“At its core, Lightspeed is a company built on the foundation of inclusivity and diversity, values that extend to all areas of our business, from our employees through to our customer engagement,” said Shirvani Mudaly, Lightspeed’s Chief People Officer. “This annual sustainability report is a testament to our ongoing commitment to continuing to improve all areas of our Environmental, Social and Governance responsibilities, acting as a leader–and example–for the tech industry to follow.”
Some highlights of Lightspeed’s sustainability initiatives include:
According to Lightspeed’s annual diversity, equity and inclusion and engagement survey, 86% of its employees feel that they can be their authentic self at work.1
Lightspeed’s employee base includes 9% LGBTQ2S+, 5% persons with disabilities and 35% BIPOC representation.1 50% of Lightspeed’s executive officers identify as women.
With Lightspeed Capital—the Company’s merchant cash advance program—now available in France, the Netherlands, Germany and Belgium in addition to the United States, Canada, the United Kingdom, Australia and New Zealand, Lightspeed is opening up more ways for independent merchants to access funds.
Lightspeed is proud to support non-profit organizations like Big Brothers Big Sisters Auckland, Summit School and Technovation Montreal.
Lightspeed continues to partner with GiftTrees to offer Carbon Friendly Dining, which empowers its customers’ diners to offset carbon emissions associated with their meals by planting trees. Over 1.8 million trees have been planted to date.
In addition to partnerships and internal initiatives, the report highlights businesses using Lightspeed to transform our world for the better and build vibrant, diverse communities. One such business is Analogue October Records, an independent record shop located in the heart of the historic city of Chichester, UK. The shop and its staff are on a mission to celebrate and support local artists and makers. Craig Crane, owner of Analogue October Records, notes that Lightspeed’s Capital has become a seamless part of their budget, “It was just nice to kind of basically compartmentalize the amount of the advance and set that to one side specifically for that project. […] I enjoy and appreciate the simple mechanism of the percentage return. I don’t have to worry about it.”
“There is, as ever, work to be done. Our goal is to lead by example in environmental and social responsibility in every aspect of our operations,” said Dax Dasilva, Founder and CEO of Lightspeed. “Returning as Lightspeed’s CEO, one of my focuses is to continue to move forward in helping make sustainable changes in our operations and our customers’ lives.”
Find out more about our mission on our website: https://www.lightspeedhq.com/sustainability/.
1 Based on self-identification and voluntary declaration of our employees who participated in our annual DEI and engagement survey, with an 87% participation rate, which survey was conducted in March 2024.
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 omnichannel 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 and Toronto Stock Exchange (NYSE: LSPD) (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.
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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”), including information regarding Lightspeed’s environmental, social and governance initiatives and impacts. 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 profiles on SEDAR+ at www.sedarplus.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.
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