Lightspeed - CEO, JP Chauvet
CEO, JP Chauvet
Source: The Logic
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  • Lightspeed Commerce Inc. (LSPD) has released its first sustainability report, showcasing highlights from its recent financial year
  • Lightspeed is a commerce platform helping merchants simplify, scale, and provide their customer experiences
  • Its U.S. retailers grew almost twice the industry average of $74 billion in gross transaction value during the last year
  • It also created a carbon free dining program which has resulted in the planting of one million trees
  • Lightspeed Commerce Inc. (LSPD) is down 2.20 per cent trading at $29.35 per share at 11:20 a.m. ET

Lightspeed Commerce (LSPD) has released its first sustainability report, showcasing highlights from its recent fiscal year.

Lightspeed is a commerce platform helping merchants simplify, scale, and provide customer experiences. Its cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

“From the beginning, enabling a better future in the communities where we live and work has been at the core of Lightspeed’s mission… It is up to all of us to drive meaningful change, and we will continue to challenge ourselves to do so,” Dax Dasilva, Executive Chair of Lightspeed’s board of directors, said.

Lightspeed stated its U.S. retailers grew almost twice the industry average of $74 billion in gross transaction value last year. It also registered over two million employee accounts on its platform.

The company also boasts the creation of a carbon-free dining program in the UK. The program allows customers to offset carbon emissions associated with their diners by planting trees. This program has already resulted in the planting of over one million trees and Lightspeed plans to expand this program to other regions.

Lightspeed also spent $1 million on its employees during the COVID-19 pandemic in support of its merchants and helped them navigate government subsidy programs.

“Building strong, thriving communities through commerce permeates everything that we do, and more importantly, how we do it,” JP Chauvet, CEO of Lightspeed, said.

Lightspeed Commerce Inc. (LSPD) is down 2.20 per cent trading at $29.35 per share at 11:20 a.m. ET.

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