Lightspeed Commerce's Commitment to Sustainable Practices
Lightspeed Commerce's Commitment to Sustainability
Lightspeed's Fiscal 2025 Sustainability Report showcases the Company's ESG initiatives and highlights
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), commonly known as Lightspeed, is at the forefront of utilizing technology to transform the retail and hospitality sectors. With its recent release of the fourth annual Sustainability Report, Lightspeed continues to demonstrate its commitment to environmental, social, and governance (ESG) principles. This report elaborates on initiatives introduced during the fiscal year ended March 31, 2025, reflecting its unwavering dedication to ethical practices and community welfare.
Advancing Diversity and Community Engagement
“At Lightspeed, we believe sustainability starts from within,” stated Dax Dasilva, Founder and CEO of Lightspeed. “This year, we've made significant advancements in our approach to diversity and inclusion, community engagement, and ethical standards.”
Lightspeed's efforts to create an inclusive workplace are evident in their latest diversity, equity, and inclusion survey, where a remarkable 87% of employees reported they can be their authentic selves at work. Furthermore, their workforce includes 11% representation from the LGBTQ2S+ community, 9% of persons with disabilities, and 34% from various BIPOC backgrounds, with 43% of executive officers identifying as women.
Innovative Benefits and Employee Support
As part of their inclusivity initiatives, Lightspeed has implemented a Family Building Benefit for Canadian employees. This inclusive policy encompasses fertility treatments, surrogacy, and adoption support, aiming to cater to the diverse needs of its workforce. Every eligible employee, regardless of their role, gender, or circumstances, is entitled to parental leave, reinforcing Lightspeed's commitment to a supportive work environment.
National Recognition for Responsibility
The company proudly ranked among Canada's Most Responsible Companies in a list released by Newsweek and Statista—a reflection of its commitment to corporate responsibility. This accolade highlights Lightspeed’s ongoing partnership with GiftTrees, offering the Carbon Friendly Dining program. This initiative has already resulted in the planting of over 2 million trees, aiding in offsetting carbon emissions for diners.
Empowering Local Businesses Through Technology
Lightspeed empowers independent businesses through technology and insights tailored for retail and hospitality. The report showcases the transformative impact of Lightspeed on local neighborhoods, emphasizing their role in fostering vibrant communities. An example of this commitment is the Lightspeed Care Club, which provides annual subscriptions to Lightspeed POS and Payments for eligible nonprofits connected to Lightspeed employees.
In Fiscal 2025, organizations such as the Young Enterprise Scheme (YES) in New Zealand benefited from this program. Through this partnership, Lightspeed granted free access to their ecommerce platform, significantly impacting 5,000 high school students who were able to run small businesses during their educational journey. This initiative resulted in hundreds of student-built websites, providing invaluable skills and experience to the next generation of entrepreneurs.
Partnerships with Lasting Impact
“With ecommerce becoming crucial in today’s business landscape, providing students access to this platform has been transformative—especially for those who otherwise might not have the opportunity,” remarked Louis Ivory, Head of Partnerships at YES. “We eagerly anticipate continuing our partnership with Lightspeed, enabling even more young people to bring their entrepreneurial ideas to fruition.”
Looking Ahead
Reflecting on two decades since its inception, Lightspeed takes pride in the impact it has made while acknowledging there is still more to accomplish. “Our vision for sustainable growth is ambitious, and we are excited to continue this journey alongside our employees, partners, and the communities we serve,” added Dax Dasilva.
Discover more about Lightspeed's sustainability mission on their official website.
Frequently Asked Questions
What is Lightspeed's Sustainability Report?
The Sustainability Report details Lightspeed's environmental, social, and governance (ESG) initiatives and impacts for the fiscal year.
How does Lightspeed promote diversity and inclusion?
Lightspeed conducts surveys to assess employee well-being, offers support for diverse communities, and implements inclusive workplace policies.
What initiatives does Lightspeed have for community engagement?
Lightspeed partners with organizations to provide technology access and resources for local businesses and nonprofit services.
How many trees have been planted as part of Lightspeed’s sustainability efforts?
Lightspeed's collaborations have resulted in over 2 million trees being planted through programs like Carbon Friendly Dining.
What benefits does Lightspeed offer employees?
Lightspeed provides extensive benefits including Family Building Benefits, parental leave, and supports for diverse workforce representation.
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