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Stripe

Stripe is a technology company that builds economic infrastructure for the internet. Organisations in more than 45 countries, from new start-ups to public companies, use Stripe’s software to accept payments and manage their businesses online. In 2021, Stripe processed more than USD 640 billion in payments. Dual-headquartered in San Francisco and Dublin, Stripe has offices in diverse locations, including London, Paris, Singapore, Tokyo.

Summary

Stripe lags behind other companies in digital inclusion due to a lack of evidence under many areas covered by the benchmark. Like some privately held companies, Stripe discloses limited information in the areas of use and innovation, and almost no evidence on support for access and skills. It is interesting to note that the company does disclose information on the proportion of women employees in technical roles, which many other companies in the benchmark do not. The company has much room to improve transparency, such as by publishing an environmental, social and governance (ESG) report that includes its activities to promote digital inclusion. The company’s performance on the core social indicators mimics its performance on digital inclusion. Scarce public information was found regarding its commitments and practices towards respecting human rights or ethical conduct. The company discloses diversity data for its operations, specifically for gender, including groups like women and non-binary persons. But beyond this disclosure, the company lacks transparency on other aspects of providing and promoting decent work.

Ranking position: #185 /200
Total score: 5.4 /100

Measurement area	Score (0-2)	Rank (0-200)
Access	0.1 /2	#172
Skills	0.0 /2	#158
Use	0.0 /2	#191
Innovation	0.3 /2	#165
Core social indicators	0.1 /2	#174

Access: No evidence was found of the company having leading practices in this area.
Skills: No evidence was found of the company having leading practices in this area.
Use: No evidence was found of the company having leading practices in this area.
Innovation: Stripe supports start-ups through its programme Stripe Atlas. Despite its limited disclosures in general, the company provides information on the proportion of women employed in technical roles in the company.

Access: Stripe provides an accessible colour system for its products that meets the Web Content Accessibility Guidelines (WCAG) 2.0. However, the company has many opportunities to demonstrate its support for digital inclusion through activities aimed at universal and affordable access for vulnerable groups, digital opportunities for women and girls, and accessibility for people with disabilities. The company should also disclose taxes paid and employment in its main markets of operation.
Skills: The company has opportunities to demonstrate support for digital skills development and school connectivity.
Use: No evidence was found on how the company monitors, responds to and reports information security incidents. Similar to other leading digital companies, Stripe should be more transparent on its data privacy practices and also make a commitment towards child online safety.
Innovation: While Stripe has an open source repository on GitHub, there is little evidence of further support for open innovation. The company has an opportunity to back inclusive and open innovation by assisting sustainable development research. In addition, it should demonstrate how it supports inclusive and ethical research and development (R&D).

Respect human rights: No company policies or commitments related to respect for human rights were found in the public domain. Further, there is no public evidence of Stripe committing to respect the ILO fundamental labour rights, nor does the company disclose a process to identify, assess and mitigate the salient human rights risks associated with its own operations and with its business relationships.
Provide and promote decent work: Stripe provides disclosures on the proportion of women employed at several levels in the company; further, it is also one of the only companies in the benchmark to also disclose diversity data on those who identify as non-binary. However, no further company policies or commitments related to providing and promoting decent work were found in the public domain. Stripe does not disclose whether it provides secure, safe and healthy workplaces, where workers are fairly remunerated and have a meaningful say in decision making.
Act ethically: No company policies or commitments related to key ethical business topics – tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. Stripe does not provide evidence of how it ensures ethical business conduct throughout its operations and in its relationships with business partners.

More about the company

Headquarters: San Francisco, CA, USA
Locations: Download overview
Ownership structure: Private
Fiscal year: -
Group revenue: -
Group employees: -
Emission data: -
Electricity consumption: -
Company filing name: -
Website: https://stripe.com

This company is part of the SDG2000, the 2,000 most influential companies

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Stripe

Leading practices

Access

Skills

Use

Innovation

Risks and opportunities

Access

Skills

Use

Innovation

Core Social Assessment

Respect human rights

Provide and promote decent work

Act ethically

More about the company

This company is part of the SDG2000, the 2,000 most influential companies