Fastly Launches Worldwide Virtual Volunteering Initiative, Joins the Pledge 1% Movement

Rhea-AI Summary

Fastly (NYSE: FSLY) has joined Pledge 1%, a philanthropic movement aimed at integrating community stakeholder involvement in business. Kicking off their inaugural Global Week of Service from Jan. 18-24, Fastly aims to achieve 2,000 employee volunteer hours amidst a backdrop of a 58% decline in corporate volunteerism due to COVID-19. The company emphasizes a commitment to enhancing corporate giving and community engagement through virtual volunteering, in addition to doubling its Open Source and Nonprofit Program services from $25M to $50M. Fastly supports organizations such as Khan Academy and Doctors Without Borders.

Positive

• Joined Pledge 1%, enhancing corporate philanthropy initiative.
• Aimed for 2,000 employee volunteer hours during Global Week of Service.
• Doubled Open Source and Nonprofit Program services from $25M to $50M.

Negative

• Corporate volunteer hours declined by 58% during COVID-19 compared to 2019.

Fastly, Inc. (NYSE: FSLY) announced today that it has joined Pledge 1%, a corporate philanthropy movement dedicated to making the community a key stakeholder in every business. In honor of Martin Luther King Jr. Day and Fastly’s commitment to corporate giving, Fastly is kicking off the new year with its inaugural Global Week of Service, running from Jan. 18 to Jan. 24, empowering its worldwide workforce to volunteer virtually and safely. This event will kick off a greater focus in 2021 on expanding corporate philanthropy and volunteerism efforts.

During the COVID-19 pandemic, corporate volunteer hours declined by 58% from the same time period in 2019. Fastly has set a goal of 2,000 employee volunteer hours during the Global Week of Service. The week will be an opportunity for the global Fastly workforce to come together and serve our employees’ respective communities during a once-a-century public health and economic crisis. To encourage employees to volunteer safely and abide by the health and safety guidelines in their area, the Fastly team has shared a variety of virtual volunteer opportunities with their team, including The Peace Crane Project, Amnesty Decoders, and Be My Eyes.

“In 2021, we’re working to make sure our corporate giving program is as impactful as possible,” said Doniel Sutton, Chief People Officer of Fastly. “We believe that volunteering is one of the best ways to deliver real impact to communities. There is a powerful multiplier effect that takes place when people are united in service to something greater than themselves, and that’s what this week will ignite. Plus, we know that volunteering will have a positive impact on our Fastly community as well. Although virtual, the social contact aspect of helping and working with others can have a profound effect on our team’s well-being, and relieve stress through meaningful connection with other people. Feeling intentionally engaged in social good is proven to have an appreciable positive impact on employees. This year will build the foundation for us to explore more sustainable employee volunteer programs and activities. Through the ongoing efforts of volunteers, remarkable change can occur.”

As part of the Pledge 1% movement, Fastly is joining an impressive network of entrepreneurs and companies across the globe that have committed to philanthropic efforts such as Salesforce, Atlassian, and Rally. Though this year marks Fastly’s first Global Week of Service, Fastly has long demonstrated a commitment to philanthropic leadership through its Open Source and Nonprofit Program. Through the program, Fastly supports a wide range of organizations: internationally-recognized nonprofits focusing on causes such as human rights and journalistic freedom, open-source foundations, and open-source projects at various maturity levels. As the COVID-19 pandemic surged globally and the world turned to the internet to stay connected, the Open Source and Nonprofit Program doubled its free services donations, increasing the value of free services from $25M to $50M. Fastly provides free services to organizations like Khan Academy, Doctors Without Borders, and Tech for Good.

“Fastly has an excellent nonprofit program,” said Srivishnu Piratla, CEO of Tech for Good, a nonprofit that provides technology solutions to underrepresented communities. “One of our main projects at Tech for Good is working to bring internet connectivity to rural areas all over the world, starting with India. Cost is a primary concern with this project, so we are building a network that will offload all daytime requests into nighttime hours when satellite internet is at its cheapest. We are using Fastly to do that, getting as close to the edge of the network and our users as possible. Through their Open Source and Nonprofit Program, those services are free."

For more information about our 1% pledge, our Open Source & Nonprofit Program, or Fastly’s commitment to corporate philanthropy email community@fastly.com.

About Fastly

Fastly helps people stay better connected with the things they love. Fastly’s edge cloud platform enables customers to create great digital experiences quickly, securely, and reliably by processing, serving, and securing our customers’ applications as close to their end-users as possible — at the edge of the Internet. The platform is designed to take advantage of the modern internet, to be programmable, and to support agile software development. Fastly’s customers include many of the world’s most prominent companies, including Vimeo, Pinterest, The New York Times, and GitHub.

About Pledge 1%

Pledge 1% is an effort spearheaded by Atlassian, Rally, Salesforce and Tides to accelerate their shared vision around integrating philanthropy into businesses around the world. Pledge 1% encourages and challenges individuals and companies to pledge 1% of equity, profit, product and/or employee time for their communities, because pledging a small portion of future success can have a huge impact on tomorrow. Pledge 1% offers companies turnkey tools and best practices, making it accessible for any company to incorporate philanthropy into their business model. To learn more or to take the pledge, please visit www.pledge1percent.org.

Source: Fastly, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210121005293/en/

FAQ

What is Fastly's initiative for Global Week of Service?

Fastly's Global Week of Service, running from Jan. 18-24, focuses on achieving 2,000 employee volunteer hours to enhance community involvement.

What is Pledge 1% and how is Fastly involved?

Pledge 1% is a corporate philanthropy movement, and Fastly's involvement signifies its commitment to integrating community impact into its business model.

How much has Fastly increased its Open Source and Nonprofit Program?

Fastly has doubled its free services donations for the Open Source and Nonprofit Program from $25M to $50M.

What causes does Fastly support through its philanthropic programs?

Fastly supports various organizations focusing on human rights, journalistic freedom, and education.