Coveo Makes First Round of Donations of Equity, Time and Technology as Part of its Pledge 1% Contribution
08 Agosto 2022 - 9:00AM
Coveo (TSX:CVO), a leader in relevance platforms that transform
search, recommendations, and personalization within digital
experiences, announced today its first round of contributions under
Pledge 1%, a global movement to inspire, educate, and empower all
companies to leverage their assets for good. Coveo will contribute
time, products, expertise and money to support programs with a
focus on organizations that provide learning and growth
opportunities, including knowledge-sharing and mentoring, technical
access, and financial assistance for young people (12-18 years old)
in vulnerable social groups.
“At Coveo, we believe equal and unconstrained access to
knowledge and education is the ultimate social equalizer,” said
Louis Têtu, Chairman and CEO at Coveo. “We view this pledge as an
investment in our community and our future. However, we also see
this as a pathway to building a stronger company where shared
values and commitment will drive us forward together. Pledge 1%
puts us in a great position to build both a stronger business and
brighter future.”
Coveo commits to its 1-1-1-1 pledge through the following
means:
- 1% of its time by launching Deed, a
Volunteering Hub where employees will be able to access and create
volunteer opportunities, log hours, and track their impact.
- 1% of its equity to several organizations
within the educational, inclusion, and environmental spheres
including Actua, LOVE, Pour 3 Points, Girlstart, Interligne, and
Environmental Defence.
- 1% of its time and product by offering
software and consulting to Alloprof, a Quebec-based non for profit
that offers parents and students aged 6-17 free, practical
resources to help them succeed along their academic journey.
“By leveraging Coveo’s industry-leading AI technology, Alloprof
will be able to create a better website search experience that will
help students find the learning content they’re looking for,” said
Sandrine Faust, co-founder and executive director of Alloprof.
In addition to community support efforts, Coveo will also commit
to minimizing environmental impact, promoting the wellbeing and
growth of Coveo employees, and adhering to the highest levels of
corporate governance to ensure it’s doing what is right for all
company stakeholders.
“In this era of increasing digitalization, leading tech
companies like Coveo have a particular responsibility to share
technology, expertise and even profits and equity to create better
access to tools, information and opportunities,” said Sheila Morin,
SVP - Marketing & ESG at Coveo. “Just as Coveo is committed to
making a difference for our customers, we’re also committed to
making a difference in our community. Through the Pledge 1%, we can
help democratize knowledge and education, which are key levers for
human wellness, to combat poverty, and to reduce inequalities and
this first round of donations is just the beginning.”
About CoveoWe believe that relevance is
critical to winning in the new digital experience economy. Coveo is
a market-leading AI-powered relevance platform. We aim to enable
our customers to deliver the relevant experiences that we believe
people expect in the new digital economy. Our SaaS-native,
multi-tenant platform injects search, recommendations, and
personalization solutions into digital experiences. We provide
solutions for Ecommerce, service, website, and workplace
applications. Our solutions are designed to provide tangible value
to our customers by helping drive revenue growth, reduce customer
support costs, increase customer satisfaction and website
engagement, and improve employee proficiency and satisfaction.
Our AI powers relevant interactions for hundreds of the world’s
most innovative brands and is supported by a large network of
global system integrators and implementation partners.
Coveo is a trademark of Coveo Solutions, Inc.
ContactHighwire PRCoveomedia@coveo.com+1
418-263-1111
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5aeeffed-5cbc-4efa-a257-ea45762b3abd
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