Warby Parker releases its 2021 Impact Report

NEW YORK–(BUSINESS WIRE)–Warby Parker Inc. (NYSE: WRBY) (the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today released its 2021 Impact Report. The company tracks and reports its impact on stakeholders in this annual report in accordance with the Global Reporting Initiative (GRI) framework. In order to provide a comprehensive overview of the Warby Parker brand and what it stands for, the company uses this report to share progress and updates on its GRI topics and more with its stakeholders. To help guide this material, the impact report is divided into four main sections:

  1. Live well and give back: Warby Parker cares about its employees and communities by improving access to eye care, providing fair wages, promoting well-being and promoting inclusion, equity and diversity
  2. Keep the customer experience in mind: Warby Parker improves the customer experience so customers see (and look) better.
  3. A sustainable vision: Warby Parker strives to use resources responsibly, reduce waste and maintain a neutral carbon footprint in all of its operations
  4. Advancing our mission: Warby Parker strives to govern ethically, lead with inclusivity and live its values

The GRI is one of the most recognized guidelines for global sustainability reporting, helping organizations to understand, communicate and compare their impacts on key sustainability issues. Warby Parker also publishes a Sustainability Accounting Standards Board (SASB) Executive Summary and aligns its key sustainability areas in the Impact Report with the United Nations Sustainable Development Goals (SDGs).

Find out more and read the 2021 Impact Report at warbyparker.com/impact-report.

Highlights from the 2021 Impact Report include::

First non-profit corporation to go public via direct listing: On September 29, 2021, Warby Parker became the first non-profit corporation to go public through a direct listing, and the company hopes to continue to serve as an example to other companies and entrepreneurs that while doing good, you can do good.

As a not-for-profit company, Warby demonstrates Parker’s commitment to the cause and its stakeholders. This legally binding status obliges Warby Parker to an even higher standard of transparency and accountability – and enables its leadership and its Board of Directors to make decisions considering the interests of all stakeholders, including their community. The company believes that its not-for-profit status also serves as an additional way to advance its purpose and mission while promoting long-term sustainability and profitability.

Formation of the Warby Parker Impact Foundation: In celebration of Warby Parker’s direct listing, the Company publicly launched the Warby Parker Impact Foundation in Fall 2021. As a 501(c)(3) public charity, the Foundation’s mission is to advocate for wider access to vision services, educating communities about the importance of eye health and providing people with the eye care they need to stay safe, happy and productive to lead life. In 2021, Warby Parker was incredibly proud to approve up to 1% of the company’s outstanding shares for future donations to the Foundation or other like-minded charities.

Learn more about the foundation at warbyparkerfoundation.org.

10 million glasses sold worldwide: 2.5 billion people around the world do not and do not have the glasses they need to see clearly. Since Warby Parker was founded in 2010, the team has worked tirelessly with its partners to address this global issue. And in 2021, Warby Parker hit an incredible milestone: his Buy a Pair, Give a Pair program has sold over 10 million pairs of glasses – meaning over 10 million more people now have the glasses they need to study, Working and learning require better economic outcomes.

Due to the administrative intricacies and cadence of the program, the distribution of glasses should not be correlated to the company’s sales in any fiscal year.

Learn more about the Buy a Pair, Give a Pair program at warbyparker.com/buy-a-pair-give-a-pair.

Expanded student project program to three new regions in the United States: In 2015, Warby Parker founded the Pupils Project, a program that works with local organizations and government agencies to provide free eye tests, eye exams, and glasses to school children. In September 2021, the Company expanded the Pupils Project to roll out vision services to more than 70 new US school districts in cities throughout California, central and western Pennsylvania, and in Washington, DC. The school year 2022 alone.

About Warby Parker

Warby Parker (NYSE: WRBY) was founded in 2010 with a mission to inspire and impact the world with vision, purpose and style – at no extra cost. Headquartered in New York City, the co-founder-led lifestyle brand pioneers ideas, designs products and develops technology to help people see, from designer-quality prescription glasses (starting at $95) and contact lenses to online eye exams and eye tests and in more than 160 retail locations in the United States and Canada.

Warby Parker wants to show that companies can scale and do good in the world at the same time. Ultimately, the brand believes in a vision for all, which is why for every pair of glasses or sunglasses sold, a pair is donated to someone in need through their Buy a Pair, Give a Pair program.

Source: Warby Parker Inc.

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