monday.com Releases Third Annual Environment, Social, and Governance (ESG) Report

Rhea-AI Summary

monday.com (NASDAQ: MNDY) has released its third annual ESG report, spotlighting the company's sustainability, community, and security initiatives.

Key highlights include reducing carbon emissions through partnerships and renewable energy shifts, reforestation efforts funding 269,000 trees, and bridging the digital divide with Tech School programs in Israel and New York City.

Additionally, the company has enhanced workplace culture through talent development and inclusion programs, and scaled aid organization impact via its Emergency Response Team.

The report aligns with the Sustainability Accounting Standards Board (SASB) guidelines, setting ambitious ESG goals for 2024.

Positive

• monday.com ran its Sydney, Warsaw, and London sites on 100% renewable energy in 2023.
• The company funded the planting of 269,000 trees, exceeding its goal.
• The Tech School program was piloted in three schools, targeting 20 schools in 2024.
• monday.com’s Emergency Response Team was deployed to 22 disaster areas.
• 13,500 non-profits from 124 countries use monday.com’s platform.

Negative

• The report does not provide specific financial metrics related to ESG efforts.
• There is no detailed timeline for achieving carbon emission reduction goals.
• The scalability of Tech School from three to 20 schools by 2024 may present implementation challenges.

The report highlights monday.com’s sustainability, community, and security efforts

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)-- monday.com Ltd. (NASDAQ: MNDY) (“monday.com”), the multi-product platform that runs all core aspects of work, today published its 2023 ESG Report, detailing the company’s efforts to make the planet more sustainable, equitable, and safe. The third annual report also includes monday.com’s ESG goals for 2024.

“We have a deep and growing commitment to the communities around us, and with our ESG efforts, we aim to make a measurable, positive impact,” said Roy Mann, co-founder and co-CEO of monday.com. “2023 was a year of meaningful progress in many areas. An example of this is monday.com’s Emergency Response Team, which harnesses our unique skills to improve the operation and effectiveness of crisis aid organizations globally. In the next few years, we’re looking forward to scaling our ESG efforts significantly faster than our business growth.”

Highlights of the report include:

• Values-Led Workplace Culture: In addition to supporting the physical and mental well-being of its employees through various efforts, monday.com has several programs in place to support talent development and nine Employee Resource Groups that enhance inclusion through the efforts of community building.
• Carbon Emission Reduction Efforts: In 2023, monday.com partnered with Watershed to advance its methodology in carbon footprint measurement. Armed with this data, the company is working to develop and set ambitious goals in line with climate science and the aims of the Paris Agreement. Additionally, monday.com’s Sydney, Warsaw, and London sites now run on 100% renewable energy.
• Reforestation Initiative: monday.com has made significant progress in its work with climate action platform Ecologi to fund the planting of 266,500 trees across four diverse projects and locations. In 2023, the company exceeded its goal by funding 269,000 trees, of which 249,592 have been planted.
• Bridging the Digital Divide: monday.com launched Tech School, a program that aims to bridge the digital divide for students from underserved communities. In 2023, the company built the foundations and piloted the program with three schools in Israel and New York City, with the goal of reaching 20 schools in 2024.
• Community Efforts: monday.com’s Emergency Response Team was deployed to 22 disaster areas and digitized aid organization’s operations on the monday.com platform to scale their impact. monday for non-profits now supports 13,500 active accounts from 124 countries, and 1,000 non-profit team members participated in the company’s online and in-person dedicated trainings.

monday.com’s ESG report was measured against the Sustainability Accounting Standards Board (SASB), the industry standard. To learn more about ESG at monday.com, visit https://monday.com/p/esg/.

About monday.com

The monday.com Work OS is a low code- no code platform that democratizes the power of software so organizations can easily build work management tools and software applications to fit their every need. The platform intuitively connects people to processes and systems, empowering teams to excel in every aspect of their work while creating an environment of transparency in business. monday.com has offices in Tel Aviv, New York, Denver, Chicago, London, Warsaw, Sydney, Melbourne, São Paulo, and Tokyo. Fully customizable to suit any business vertical, the platform is currently used by over 225,000 customers across more than 200 industries and in over 200 countries and territories.

Visit us on our LinkedIn, X (formerly Twitter), Instagram, YouTube, TikTok, and Facebook. For more information about monday.com please visit our Press Room.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618199421/en/

Media Relations:

Julie Case

julieca@monday.com

Source: monday.com Ltd.

FAQ

What are the key highlights of monday.com's 2023 ESG Report?

The report highlights carbon emission reductions, reforestation efforts, digital divide initiatives, and enhanced workplace culture.

How many trees did monday.com fund for planting in 2023?

The company funded the planting of 269,000 trees.

What renewable energy initiatives did monday.com undertake in 2023?

monday.com ran its Sydney, Warsaw, and London sites on 100% renewable energy.

What is monday.com's Tech School program?

The Tech School program aims to bridge the digital divide for students from underserved communities.

How many non-profits are supported by monday.com?

13,500 non-profits from 124 countries are supported by monday.com.