Docebo announces the publication of its first ESG report
TORONTO–(BUSINESS WIRE)–Docebo Inc. (NASDAQ: DCBO; TSX: DCBO) (“Docebo” or the “Company”), a leading provider of artificial intelligence (AI)-based learning suites, announced today release of its 2021 Environmental, Social and Governance (ESG) Report, highlighting its initiatives and best practices to generate sustainable, equitable and prosperous impacts for Docebo’s various stakeholders.
“We are proud to share our first ESG report, highlighting the progress we have made in our key ESG areas with our employees, customers and investors,” said Claudio Erba, CEO and Founder of Docebo. “The publication of our first ESG report is an important step forward. The decisions we make – about empowering our people, maintaining integrity, managing our footprint and contributing to our communities – are each critical elements in activating Docebo’s approach to of sustainable development.
Our commitment to creating solutions that enable engaged, informed and effective learners is central to how we work and approach sustainability at Docebo. To believe in learning is to believe in continuous improvement. That’s why we’ve committed to formalizing our sustainability efforts to include measuring and documenting our current performance, analyzing where we can improve, and holding ourselves accountable for our goals. Completing our first ESG report is a step towards demonstrating our deep and ongoing commitment to building meaningful and useful sustainable business practices. We are proud to provide this inaugural ESG report as a new lens through which our stakeholders can learn more about our business and the lasting and beneficial impacts we can create.
Docebo’s ESG report is based on three of our six core values, Responsibility, Impact and Together. It describes key consistent focus areas within the software industry and how the company aligns its sustainability efforts with its ongoing pursuit of superior financial performance. The company used both the Task Force on Climate-Related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB) as primary guidance in developing this report. Docebo supports the United Nations Sustainable Development Goals (SDGs) and strongly believes that its business initiatives and activities have the potential to bring meaningful progress towards their achievement.
Highlights from Docebo’s 2021 ESG report include:
Docebo technology is used by leading non-profits, charities and philanthropic organizations to train and educate their own internal organizations as well as their external audiences to achieve positive social results. Some of these organizations include: Amnesty International; EcoVadis; Girls with Impact; and the United Nations Global Compact Academy
Conducted our first formal materiality assessment to ensure our ESG strategy incorporates input from our key stakeholders
Launched four resource groups to cultivate diversity, equity and inclusion within our team of employees – Docebo Women’s Alliance, Docebo Pride, Docebo Green Ambassadors and BIDOC – Black, Indigenous, Docebians of Color
Over the past three years, we have reduced total customer downtime by 44% and improved service reliability, while approximately doubling our total number of customers to 2,805 by the end of 2021.
In total, 80% of our offices have adopted a green energy supplier policy, and 44% of Docebo’s electricity consumption in 2021 came from renewable sources
To learn more about Docebo’s ESG report and progress in 2021, please see the full report at https://www.docebo.inc/home/default.aspx
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “objectives”, “expects”, “is expected”, “an opportunity exists”, “budget”, “expected “. “, “estimates”, “outlook”, “forecast”, “projection”, “outlook”, “strategy”, “intends”, “anticipates”, “believes” or variations of such words and expressions or statements that certain actions, events or results “could”, “could”, “could”, “could” or, “will”, “occur” or “will be achieved”, and similar words or the negative of these similar terms and terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but rather represent management’s expectations, estimates and projections regarding future events or circumstances.
Forward-looking information contained in this press release may include, but is not limited to, statements regarding the business of the Company; future financial situation and business strategy; the learning management industry; our growth rates and growth strategies; addressable markets for our solutions; making advancements and expanding our platform; our business plans and strategies; our competitive position in our industry; and our ESG commitments, plans, policies, procedures and initiatives. This forward-looking information is based on our opinions, estimates and assumptions in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors which we currently believe are appropriate and reasonable in the circumstances. Despite a careful process of preparing and reviewing forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct.
Forward-looking information is necessarily based on a number of opinions, estimates and assumptions which, although considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks. , uncertainties, assumptions and other factors that could cause actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking information, including, but not limited to:
- the Company’s ability to execute its growth strategies;
- the Company’s ability to implement and fulfill any of the ESG commitments, strategies, plans or initiatives described in this press release or the ESG report;
- the impact of changing conditions in the global corporate e-learning market;
- increasing competition in the global corporate e-learning market in which the Company operates;
- exchange rate fluctuations and financial market volatility;
- the extent of the impact of COVID-19 on our operating results and overall financial performance;
- changes in the attitudes, financial condition and demand of our target market;
- developments and changes in applicable laws and regulations; and
- such other factors discussed in greater detail in the “Risk Factors” section of our Annual Information Form dated March 9, 2022 (“Annual Information Form”), which is available under our profile on SEDAR at www.sedar.com.
Should any of these risks or uncertainties materialize, or should opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events could differ materially from those anticipated in the forward-looking information. The opinions, estimates or assumptions mentioned above and described in more detail in the “Summary of factors affecting our performance” section of our management report for the three months ended March 31, 2022 and in the “Risk factors” section of our annual information form, should be carefully considered by potential investors.
Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other risk factors not currently known to us or that we currently believe material and which could also cause future results or events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date of publication. The forward-looking information contained in this press release represents our expectations as of the date specified herein and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. .
All forward-looking information contained in this press release is expressly qualified by the foregoing caveats.
Additional information regarding Docebo, including our Annual Information Form, is available on SEDAR at www.sedar.com.
Docebo is redefining how companies leverage technology to create and manage content, deliver training, and understand the business impact of their learning experiences. With Docebo’s multi-product learning suite, companies around the world are equipped to meet any learning challenge and create a true culture of learning within their organization.