Organizational Governance Innovation & Technology

Glovo Impact Fund to Direct €5M Toward Socio-Environmental Challenges by End of 2023

A small amount from each Glovo order will now support local communities, climate-action initiatives, help in digitalization of small businesses, close the gender gap in tech and provide upskilling programs for couriers.

Published 1 year ago | About a 3 minute read

Image: Glovo

Today, Glovo, one of the world’s leading courier-delivery apps, launch its ambitious Impact Fund — a first of its kind in the rapidly growing delivery industry in which a small amount of Glovo’s earnings from every order will be dedicated to boosting impact and sustainability projects.

Glovo’s vision is to give everyone easy access to everything within their city, so that users can enjoy what they want, when they want, where they want. Founded in 2015 in Barcelona, it operates across 25 countries in Southern Europe, Latin America and EEMEA.

By the end of 2023, Glovo plans for the Impact Fund to have dedicated up to €5 million for projects related to supporting local communities; climate-action initiatives; the digitalization of small, local businesses, closing the gender gap in tech; and upskilling programs for its couriers around the world. This includes funds that have been allocated to these projects since mid-2021.

“It’s critical that businesses step up to empower those in need and protect the planet,” says Sébastien Pellion, Glovo’s Head of Impact and Sustainability. “Unique to the industry, the Impact Fund will provide vital financing to address [a variety of] socio-environmental challenges; Glovo customers will support initiatives that create positive change for communities and the environment with every order.”

In 2023, the Impact Fund will target the following pillars:

Reducing hunger: Covering the delivery costs for NGOs to access Glovo’s last-mile logistics for free and distributing items to vulnerable families. More than 2.3 million meals have been delivered and more than 1,100 tons of food saved through Glovo Access since March 2020.
Climate action: Glovo is taking further steps to significantly reduce its carbon footprint by 2030. The Impact Fund will accelerate the reduction of CO2 emissions across the company’s entire value chain by providing resources to further electrify its fleet, and provide sustainable packaging versus non-recyclable options via the Glovo Store to partners in nine countries. In 2022, 8,800 tonnes of CO2 emissions were reduced across our value chain.
Digitising small local businesses: More than 100,000 of Glovo’s stores are small, local businesses; and the company intends to grow that number to 150,000 in 2023. Glovo aims to continue the work of companies such as Mastercard by providing these small restaurants and retailers with the right tools and training to help them digitize and grow their business online through its Glovo Local program.
Women in tech: Glovo is also financing boot camps for young women interested in tech careers. In 2022, 230 women were trained in Spain in data analytics and web development in a 6-month program scholarship by KeepCoding. This year, a new program will be launched for 250 girls in Poland to join coding classes, and another 65 young women will join Tech Bootcamps in Ghana, Spain and Poland.
Education programs for couriers: Glovo has also committed to provide an online and in-person learning program for couriers, to help them in their professional development. To date, approximately 6,900 couriers are actively participating in training programs with a focus on entrepreneurship, financial education, coding and more.
Aid to Ukraine: In 2023, the Impact Fund will invest €195,000 to help the people of Ukraine and to support local NGOs helping communities impacted by the war. Since the beginning of the conflict, Glovo has delivered more than 114,000 social meals and 54,000 kg of saved food via Glovo Access and enabled 1,300 charity meals to be donated from Glovo Cook Rooms.