Originally published on Snyk.
Snyk, the leader in developer security, today announced that it has formally joined Pledge 1%, a global movement to inspire, educate and empower companies to effectively leverage their financial assets for positive social impact. With this announcement, Snyk has set aside 1% of its current equity to fund Snyk Impact initiatives long-term.
Launched in October 2021, Snyk Impact was founded with a mission to mobilize Snyk’s technology, resources and community in order to enable a more secure, inclusive and sustainable technology sector. In its first year, Snyk Impact has supported a growing list of compelling nonprofits including AIEDU, CareerVillage, DevelopforGood, FastForward, LearningEquality and UPchieve. By now pledging 1% of Snyk’s equity to Snyk Impact, Snyk is boldly reaffirming its long-term commitment to philanthropic leadership, bringing greater scale to this already successful foundational program.
“We founded Snyk Impact to ensure that our efforts toward making lasting positive social change became an integral, ongoing part of Snyk’s overall business strategy,” said Peter McKay, CEO, Snyk. “By joining the Pledge 1% movement, we’ve significantly accelerated that initial investment, doubling down on our commitment to give back within the communities where our global Snykers work and live.”
In recognition of Snyk Impact’s momentum to date, Pledge 1% has also named Snyk its 2022 Impact Award winner. This annual recognition spotlights one company from the industry’s prestigious Forbes Cloud 100 list that has most effectively demonstrated an outstanding commitment to social impact, serving as a leader to inspire their industry peers. On behalf of the Cloud 100 Pledge 1% Award, Salesforce Ventures and Bessemer Venture Partners will donate USD $10,000 to Fast Forward in Snyk’s name. Fast Forward provides workshops, mentoring and seed money to a cohort of tech non-profits so they can scale solutions to our world’s most urgent problems.
“It’s an honor to officially welcome Snyk to the Pledge 1% community and acknowledge their philanthropic commitment with this year’s Impact Award,” said Amy Lesnick, Chief Executive and President, Pledge 1%. “Snyk now joins an esteemed group of former Impact Award winners such as Canva, DocuSign, Slack and Twilio, leading by example as they creatively leverage equity to make lasting positive social change.”
Snyk UK recently kicked off a partnership with 01 Founders by hosting 30 learners in its London office, while this summer Snykers around the globe participated in the company’s inaugural Snyk Week of Impact, a week-long volunteering initiative across five countries, offering over a dozen in-person and virtual volunteer opportunities. To get involved with Snyk Impact today, visit https://snyk.io/about/snyk-impact/.
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