Eventbrite Releases 2023 Corporate Responsibility Update

Rhea-AI Summary

Eventbrite (NYSE: EB), a global marketplace for shared experiences, has published its 2023 Corporate Responsibility Update. The report highlights the company's commitment to diversity, inclusion, climate change, and other ESG initiatives.

Key points include:

- Eventbrite awarded five $20,000 grants to emerging creators and supported over 30,000 nonprofits.

- The company achieved carbon neutrality for 2023.

- Eventbrite maintains a remote-first workforce, connecting 850 employees globally.

- As of June 11, 2024, Eventbrite reached gender parity in its C-suite and 45% of its workforce identified as female, while 40% of U.S. employees identified as BIPOC.

- Seven out of eight board members are female, and over one-third are BIPOC.

Eventbrite continues to seek feedback from stakeholders to improve its ESG initiatives.

Positive

• Eventbrite awarded five $20,000 grants to emerging creators, supporting new talent.
• Supported over 30,000 nonprofits, showcasing strong community involvement.
• Achieved carbon neutrality for 2023, reflecting commitment to environmental sustainability.
• Maintains a remote-first workforce, efficiently connecting 850 employees worldwide.
• Reached 1:1 gender parity in the C-suite by June 2024, reinforcing commitment to diversity.
• 45% of workforce identified as female and 40% of U.S. employees as BIPOC by April 2024.
• Seven out of eight board members are female, and over one-third are BIPOC, promoting inclusive governance.

Negative

• The PR does not provide specific financial performance metrics, which are important for investors.
• No details on future financial projections or growth strategies, leaving uncertainty.

SAN FRANCISCO--(BUSINESS WIRE)-- Eventbrite (NYSE: EB), a global marketplace for shared experiences, has released its 2023 Corporate Responsibility Update, highlighting Eventbrite’s commitment to diversity and inclusion, and impact in addressing climate change, and other important environmental, social, and governance initiatives.

“Eventbrite is committed to supporting society by living sustainably, promoting social connection, and being guided by good governance,” said Julia Hartz, Co-Founder and Chief Executive Officer. “I am proud of the impact we are making, in both the workplace and the communities that we serve, which is showcased in this year’s update.”

In this second release, Eventbrite highlights steady progress and demonstrates its commitment to ever-evolving ESG issues. The report highlights Eventbrite’s efforts across various areas including:

• Giving back. Eventbrite gave five $20,000 grants to emerging creators as part of Eventbrite’s 2023 RECONVENE Accelerator and empowered the missions of over 30,000 nonprofits.
• Commitment to clean energy. Eventbrite was carbon neutral for 2023.
• Sustainable footprint. With Eventbrite’s remote-first workforce, the company built connections and careers for 850 Britelings worldwide.
• Inclusive workforce. As of June 11, 2024, Eventbrite had 1:1 gender parity in its C-suite, and as of April 1, 2024, 45% of its workforce self-identified as female and 40% of U.S. employees self-identified as BIPOC.
• Independent oversight. Seven out of eight members of the Eventbrite Board of Directors identify as female and over 1/3 of the Board identifies as BIPOC.

As Eventbrite works to continually improve and strengthen its ESG program, Eventbrite remains open to and will solicit feedback from employees, customers, investors and other stakeholders to strengthen and further its initiatives and disclosures.

To view the full report please visit https://www.eventbrite.com/l/impact/

About Eventbrite

Eventbrite is a global events marketplace that serves event creators and event-goers in nearly 180 countries. Since its inception, Eventbrite has been at the center of the experience economy, transforming how people organize and attend events. The company was founded by Julia Hartz, Kevin Hartz and Renaud Visage, with a vision to build a self-service platform that would make it possible for anyone to create and sell tickets to live experiences. With over 300 million tickets distributed for over 5 million events in 2023, Eventbrite is where people worldwide discover new things to do or new ways to do more of what they love. Eventbrite has also earned industry recognition as a top employer with special designations that include a coveted spot on Fast Company’s prestigious The World’s 50 Most Innovative Companies and Fast Company’s Brands That Matter lists, the Great Place to Work® Award in the U.S., and Inc's Best-Led Companies honor. Learn more at www.eventbrite.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240611634833/en/

press@eventbrite.com

investors@eventbrite.com

Source: Eventbrite

FAQ

What are the key highlights of Eventbrite's 2023 Corporate Responsibility Update?

The update includes $100,000 in grants to emerging creators, support for over 30,000 nonprofits, achieving carbon neutrality, and reaching gender parity in the C-suite.

How did Eventbrite support diversity and inclusion in 2023?

Eventbrite reached 1:1 gender parity in the C-suite and reported 45% of its workforce as female and 40% of U.S. employees as BIPOC.

What environmental initiatives did Eventbrite undertake in 2023?

Eventbrite achieved carbon neutrality for 2023, reflecting its commitment to addressing climate change.

What is Eventbrite's commitment to social governance?

Eventbrite's board includes seven out of eight members who identify as female and over one-third as BIPOC, promoting inclusive governance.

How many nonprofits did Eventbrite support in 2023?

Eventbrite empowered the missions of over 30,000 nonprofits in 2023.

What is Eventbrite's approach to remote work?

Eventbrite maintains a remote-first workforce, connecting 850 employees globally.

What grants did Eventbrite offer to emerging creators in 2023?

Eventbrite awarded five $20,000 grants to emerging creators as part of its RECONVENE Accelerator program.