GoDaddy 2024 Sustainability Report: About GoDaddy | Sustainability Governance
Originally published in GoDaddy's 2024 Sustainability Report
Sustainability Governance
Sustainability is not a standalone effort. GoDaddy continues to integrate sustainability into the company's business strategy. Our approach is focused on creating long-term value for our customers, employees, shareholders, and communities while minimizing negative impacts on the planet. The roles and responsibilities outlined in our governance model span across the company and our Board of Directors (Board), allowing us to better track progress, make informed decisions, and maintain accountability to our stakeholders.
Board & Executive-Level Oversight
Sustainability oversight is entrusted to our Board and its committees. Our committees aim to ensure GoDaddy addresses its ESG impacts while continuously monitoring and reviewing the effectiveness of our sustainability initiatives. The Board works closely with management to ensure sustainability matters are prioritized in our long-term strategy and related risks and opportunities are thoroughly examined ensuring alignment with feedback from our shareholders.
BOARD AND COMMITTEE-LEVEL OVERSIGHT
NOMINATING AND GOVERNANCE COMMITTEE
The Nominating and Governance Committee oversees GoDaddy’s sustainability strategy, practices, and programs, including risk mitigation and reporting. The Committee also reviews public disclosures on such matters, including disclosures in our proxy statement and annual sustainability report.
The Nominating and Governance Committee regularly reports to the Board on these topics.
COMPENSATION AND HUMAN CAPITAL COMMITTEE
The Compensation and Human Capital Committee oversees GoDaddy’s talent management and employee engagement through its oversight of our human capital management practices and programs.
The Compensation and Human Capital Committee reports regularly to the Board on these topics.
EXECUTIVE AND MANAGEMENT-LEVEL OVERSIGHT
MANAGEMENT OVERSEES THE PROGRESS OF RESPECTIVE SUSTAINABILITY PROGRAMS AND PRACTICES AS THEY RELATE TO KEY AREAS OF OUR BUSINESS
Management reports regularly to the Nominating and Governance Committee and the Compensation and Human Capital Committee and provides updates to the Board on GoDaddy’s human capital and sustainability programs and practices, including progress on goals such as our emissions reductions.
Members of our Sustainability Working Group report directly to members of management and senior leaders.
SUSTAINABILITY WORKING GROUP
OUR SUSTAINABILITY WORKING GROUP IS COMPOSED OF LEADERS ACROSS THE COMPANY
The Sustainability Working Group is a cross-functional team of leaders and is chaired by the Corporate Sustainability and ESG Team. The Sustainability Working Group is responsible for driving progress across priority topics and guides and executes the company’s sustainability strategy by managing relevant potential sustainability risks and opportunities. The Sustainability Working Group also supports our ongoing commitment to sustainable practices and transparent disclosure.
Double Materiality Assessment
GoDaddy conducts periodic assessments to identify and prioritize the sustainability topics most impactful to our business, our stakeholders, society, and the environment. In 2024, GoDaddy underwent an inaugural Double Materiality Assessment (DMA) which considered the impacts of our operations on people and the environment, and the impacts of sustainability on our company.
Our DMA approach was informed by leading global standards and best practices. During the assessment, we conducted robust research and engaged internal and external stakeholders to identify, assess, and prioritize sustainability-related impacts, potential risks, and opportunities across our entire value chain. This included an assessment of potential climate-related risks and opportunities using a climate scenario analysis. Through this analysis, we evaluated different hypothetical future
climate scenarios to understand how potential climate-related risks and opportunities might affect our operations. For more information, please refer to the Task Force on Climate-Related Financial Disclosures section.
By conducting the DMA and assessment of climate-related risks and opportunities, we better understand our sustainability impacts and can proactively manage and address risks and pursue opportunities. The results help guide our decision-making and strategic sustainability planning, focusing on the key sustainability topics most relevant to our business and value chain. This enables us to create and protect long-term value for our company and stakeholders and helps ensure we’re making a positive impact.
Corporate Sustainability Approach
In 2024, we strengthened our sustainability framework by aligning our initiatives to four strategic pillars that are the foundation of our comprehensive corporate sustainability management and disclosure approach. Through the DMA, we identified 13 priority sustainability topics, which span the four pillars.
CUSTOMERS & COMMUNITIES
- Community engagement
- Customer experience
- Inclusive entrepreneurship
PEOPLE & CULTURE
- People-centered strategy
- Employee attraction, retention, and development
- Employee wellbeing
RESPONSIBLE GOVERNANCE & OPERATIONS
- Trust and safety
- Corporate governance
- Cybersecurity
- Data privacy
- Responsible AI
ENVIRONMENTAL IMPACT
- Climate change
- Energy
In addition, we identified seven of the United Nations Sustainable Development Goals (SDGs) against which we believe we can make the most meaningful impact. These SDGs are central to our efforts to promote sustainable development, and we regularly review them to ensure the SDGs align with our corporate sustainability objectives. Each year, we disclose how we are contributing to our priority SDGs in the Frameworks & Metrics section. As signatories of the United Nations Global Compact (UNGC), we support the UNGC’s Ten Principles.
To learn more, read our 2024 Sustainability Report.
About This Report
This GoDaddy 2024 Sustainability Report details our progress toward our corporate sustainability goals, strategies, and initiatives in support of our overarching corporate mission and values. Unless otherwise noted, this report reflects our corporate sustainability performance across our global operations covering the fiscal year period from January 1 to December 31, 2024. To demonstrate our commitment to transparent communication regarding our sustainability progress, we routinely share updates through our website and our annual Sustainability Report. We welcome your questions, comments, and feedback on this report by contacting ESG@GoDaddy.com.
This report references the Global Reporting Initiative (GRI) Standards, includes select Sustainability Accounting Standards Board (SASB) metrics for the Internet Media and Services sector, and the Task Force on Climate Related Financial Disclosures (TCFD). We also disclose our contributions and progress toward priority UN SDGs. For additional information on how we align with these frameworks and key indicators demonstrating our sustainability performance, please refer to the Frameworks & Metrics section.