Commercial, Energy Efficiency, GHG Emissions, Solar - May 17, 2024
Yelp Lowers Emissions by 12.5%, Invests in Solar
Yelp Inc., a platform for connecting people with local businesses, reported a 12.5% year-over-year reduction in its carbon footprint, which was largely attributable to the strategic decision to decrease office space.
The company’s plan is to achieve net zero by 2031, and it is investing in a collection of five small-scale solar facilities being developed in Michigan.
Current expectations predict that the output from these facilities will substantially offset all of the electricity emissions of both Yelp's offices and its remote work employees in North America for the five-year duration of the investment.
Details were released in its annual Environmental, Social and Governance (ESG) Report today.
“This report reflects upon our progress towards reducing our environmental impact, strengthening workplace connections, and continuing to enhance consumer trust and safety on Yelp,” said Jeremy Stoppelman, Yelp co-founder and CEO, in a statement. “Building on our efforts to reduce our emissions, we are adopting a comprehensive strategy that includes employee education and a deeper analysis of our suppliers' emissions. These steps illustrate our commitment to significantly lowering our carbon footprint and helping others recognize their impact.”
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