Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity, inclusion and belonging
• Content trust and safety
• Data privacy and security
• Employee experience
• Providing value to businesses and consumers
• Carbon footprint

Environmental Achievements

• Set a goal to reach net zero by 2031
• Developed a science-aligned operational reduction plan
• Invested $25 million in MUFG’s Green Deposit product offering

Social Achievements

• 3% increase in employees who identify as Black, 1% increase in underrepresented minorities, and 3% increase in female employees compared to 2021.
• Launched Request a Call to connect consumers with service businesses.
• Expanded health insurance to cover travel expenses for reproductive care.
• Introduced a new notice on Yelp business pages categorized as Crisis Pregnancy Centers.

Governance Achievements

• Maintains an independent Chairperson of the Board, separate from the CEO.
• Strong track record of Board refreshment, with six new directors from 2019 to 2022.
• Implemented ESG filters in investment portfolio, excluding investments in thermal coal extraction, oil sands, and other non-compliant revenue sources.

Climate Goals & Targets

Environmental Challenges

• Slight increase in emissions in 2022 due to employee travel.
• Understanding and mitigating emissions in the supply chain.

Mitigation Strategies

• Developing a science-aligned operational reduction plan to reduce Scope 1, 2, and 3 emissions.
• Investing in high-quality carbon removals.
• Employee education and empowerment on carbon reduction.
• Green investing.
• Product enhancements.

Supply Chain Management

Responsible Procurement

• Supplier responsibility for goods and services and marketing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

UN Sustainable Development Goals

• Goal 4
• Goal 5
• Goal 7
• Goal 8
• Goal 10
• Goal 12
• Goal 16

Yelp's initiatives contribute to these goals through various programs and commitments detailed in the report.