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Zuora Releases Latest Global Impact Report, Committing to GHG Reduction Targets and Increasing Leadership Diversity

By: via Business Wire

Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today launched its fiscal year (FY) 2024 Global Impact Report.

The report emphasizes Zuora’s commitment to operating as a responsible, ethical, inclusive and sustainable company, with details on how it is progressing its global Environmental, Social and Governance (ESG) goals and programs.

Highlights from Zuora’s FY 2024 Global Impact Report include:

  • Committed to the Science Based Targets initiative (SBTi) with both near- and long-term greenhouse gas (GHG) reduction goals, the first step to achieving a net-zero target
  • Reached 100% renewable energy for Zuora’s global real estate footprint for the second consecutive year
  • Increased diversity of Zuora leadership year-over-year
  • Upheld Zuora’s pledge 1% commitment through $764,000 in corporate grants and employee donations
  • Continued community involvement: 88% of Zuora employees gave back to their communities through volunteering and giving programs
  • Established a Governance, Risk and Compliance (GRC) Committee to review progress and address potential gaps in policy

“Modern business is rooted in recurring relationships, and that means putting people first instead of products,” said Tien Tzuo, Founder and CEO at Zuora. “Subscribing to this philosophy guides the business models Zuora powers and how we approach ESG to create a more equitable, accessible and sustainable world for our customers, employees, shareholders and the community around us.”

Zuora’s FY 2024 Global Impact Report is prepared in accordance with the Sustainability Accounting Standards Board (SASB) framework and is informed by the Global Reporting Initiative Standards (GRI) and the United Nations Global Compact (UNGC).

To access the full report, visit here.

About Zuora, Inc.

Zuora provides a leading monetization suite to build, run and grow a modern business through a dynamic mix of usage-based models, subscription bundles and everything in between. From pricing and packaging, to billing, payments and revenue accounting, Zuora’s flexible, modular software platform is designed to help companies evolve monetization strategies with customer demand. More than 1,000 customers around the world, including BMC Software, Box, Caterpillar, General Motors, Penske Media Corporation, Schneider Electric and Zoom use Zuora’s leading combination of technology and expertise to turn recurring relationships and recurring revenue into recurring growth. Zuora is headquartered in Silicon Valley with offices in the Americas, EMEA and APAC. To learn more, please visit zuora.com.

© 2024 Zuora, Inc. All Rights Reserved. Third party trademarks mentioned above are owned by their respective companies. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of Zuora, Inc. or any aspect of this press release.

Forward-Looking Statements

The report does not cover all information about our business. References in the report to information should not be construed as a characterization regarding the materiality of such information to our financial results or for purposes of the U.S. federal securities laws or any other laws or requirements. The information covered by the report and this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our ESG goals, commitments, and strategies and related business impacts. These statements involve risks and uncertainties and assumptions based on information available to management as of the date of the report, and actual results may differ materially from any future results expressed or implied by the forward-looking statements due to a variety of factors, some which relate to matters beyond our control, including, among others, assumptions not being realized; failure to meet stated ESG goals or commitments and execute our strategies in the time frame expected or at all; socio-demographic and economic trends; evolving sustainability strategies; unexpected delays, difficulties and expenses in executing our ESG goals or commitments; the pace, cost and effectiveness of technological innovations; our ability to gather and verify data regarding impacts; the compliance of various third parties with our policies and procedures, or their commitments to us; our expansion into new products, services, technologies, and geographic regions; climate-related conditions and weather events; evolving state, federal or international legislative and regulatory changes or legal standards; and other unforeseen events or conditions.

More information on risks, uncertainties, and other potential factors that could affect our business and performance is included in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. We assume no obligation to update any forward-looking statements or information, which speak as of their respective dates. Numbers and percentages used in the report are estimates or approximations and have not been assured or verified by an independent third party unless otherwise noted. Moreover, many of the assumptions, standards, metrics and measurements used in preparing the report continue to evolve and are based on assumptions believed to be reasonable at the time of preparation but should not be considered guarantees. Given the inherent uncertainty of the estimates, assumptions and timelines contained in this report, we may not be able to anticipate whether or the degree to which we will be able to meet our plans, targets or goals in advance.

SOURCE: ZUORA, INC.

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