Coveo, a market-leading AI-powered relevance platform, announced today that it has joined Pledge 1%, a global movement to inspire, educate, and empower all companies to leverage their assets for good. By pledging 1% of its workforce’s time, 1% of profits, 1% of products, and 1% of equity, Coveo is demonstrating its commitment to philanthropic leadership.
“At Coveo, we believe we have a responsibility to make a lasting social impact in our communities. Together with our team, our board of directors, and our shareholders, we are proud to announce that we joined the Pledge 1% movement, committing 1% of our time, 1% of our products, 1% of our profits, and yes, 1% of our equity.” said Louis Têtu, Chairman and CEO at Coveo. “Our pledge is substantive, and I hope other companies will see what we’re doing and join us.”
“Equal, accessible, and unconstrained access to knowledge and education is a key lever for human wellness, to combat poverty, and to reduce inequalities,” said Sheila Morin, SVP Corporate Marketing and Brand at Coveo. “Whether it is democratizing AI and digital content access to make a non-profit more effective, using educational and employment opportunities as tactics for combating inequality, or making knowledge available to all, we aim to make the democratization of relevance a force for good locally and globally. With the structure of our pledge, we will be able to contribute our time, our technology, our money and our equity to help. And we will seek to engage our partners in the journey.”
“We are thrilled to welcome Coveo to the Pledge 1% movement. As a company focused on creating relevant, personalized experiences at scale, Coveo has the potential for transformational impact on nonprofits and the stakeholders they serve,” said Amy Lesnick, Chief Executive and President of Pledge 1%. “By committing 1% of their equity to sustainably fuel long term social impact efforts and pairing these funds with other meaningful assets, Coveo serves as a terrific role model not only for other Canadian companies but for businesses across the globe.”
Coveo will be working with its partners including Benevity Inc, a leading provider of global corporate purpose software that provides charitable donation-management and grant-management, as Coveo takes the next steps to re-democratize business.
