monday.com Releases Inaugural Environment, Social and Governance [ESG] Report

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[{"type":"text","content":"\nThe report highlights monday.com’s efforts in bridging the nonprofit digital divide, enabling humanitarian response efforts, working toward carbon neutrality, and supporting professional growth and diversity\n\n TEL AVIV, Israel--(BUSINESS WIRE)--\nmonday.com Ltd. (NASDAQ: MNDY) (“monday.com”), a work operating system (Work OS) where organizations of any size can create the tools and processes they need to manage every aspect of their work, released its first-ever ESG Report, reflecting efforts in 2021. This report represents monday.com’s broader ESG commitment to its business, employees, customers, shareholders, environment, NGO partners and society at large.\n\n“Since founding monday.com, we’ve felt a strong responsibility to not only build a successful company, but to have an equally positive impact on the communities we are a part of and the environments around us,” said Roy Mann, Co-Founder and Co-CEO of monday.com. “We want everyone at monday to be involved in 'doing good' and for that to be in the fabric of our culture, our DNA. We've laid a solid foundation for growth in this area by allocating 10% of the company's equity to be used for our ambitious ESG projects in the years to come. Our team is already deeply involved in multiple social and environmental projects and like everything we do, we're committed to measuring this impact. This report introduces what we’re planning and the data we intend to collect.\"\n\nSome areas of focus of monday.com’s ESG efforts include:\n\nClosing the nonprofit digital divide with the Digital Lift Initiative\n\nTo address the nonprofit digital divide, monday.com launched its Digital Lift Initiative to help nonprofits scale impact through technology. As part of its IPO, monday.com pledged 1% of employee time, 10% of equity, and up to 100% off licenses to support nonprofit organizations. Today, Digital Lift supports over 8,500 nonprofits with over 22,000 monthly active users, amounting to $7.2 million in annual monday.com subscriptions from the initiative, utilized by nonprofits around the world.\n\nEnabling global humanitarian response efforts with a dedicated monday.com Emergency Response Team\n\nThe monday.com Emergency Response team has partnered with organizations from all over the world to provide immediate and impactful support for NGOs on the ground of humanitarian and disaster r...

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