WeWork Inc..
WE.US | Real estate activities with own or leased property
WeWork Inc. provides flexible workspace solutions. The company designs, builds, and operates shared workspaces, offering a range of office solutions, including private offices, coworking spaces, and virtual offices. WeWork also provides various services such as internet access, printing, reception, ...Show More
Better Health for All
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WeWork's core services integrate health-positive features such as recreation areas, meditation rooms, gyms, ergonomic furniture, healthy snack options, and accessibility features in its coworking spaces.
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,
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The company partners with BetterHelp to offer a free month of professional therapy to U.S. members
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,
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and hosts wellness events focused on meditation, health, nutrition, and mindfulness.
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WeWork's operations generate positive health externalities by providing an alternative to remote work, which is associated with an increased likelihood of anxiety and depression symptoms for 40% of remote workers,
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a 5% higher likelihood compared to in-office workers.
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The company explicitly supports mental health through its coworking space design, meditation rooms, community team support, and the BetterHelp partnership.
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,
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WeWork's business activities do not generate revenue from products with negative health outcomes, nor do they inherently carry health risks requiring disclosure. The company does not engage in activities related to pharmaceutical patents, food production, addiction potential, or clinical trials.
Fair Money & Economic Opportunity
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WeWork's core business is providing flexible workspace solutions, not financial services. As such, the company does not offer consumer credit products, manage customer finance data, or operate financial service access points, rendering several KPIs not applicable. While WeWork runs initiatives such as the G.I.V.E. program, which has supported more than 40 social enterprises in Southeast Asia with complimentary workspace and mentorship
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, and an Inclusion and Diversity Cohort that provided 14 individuals with a year of free WeWork All Access membership
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, these programs focus on workspace provision and support rather than direct financial inclusion through loans or other financial instruments. No specific data is available on the percentage of underserved clients served, wealth-building outcomes, profit reinvestment in community finance, or financial literacy program impact.
Fair Pay & Worker Respect
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No specific quantitative data is available across the provided articles to assess WeWork Inc. against the Fair Pay & Worker Respect KPIs. The available information explicitly states 'no data' or 'no specific quantitative score' for all relevant metrics, including living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, and health insurance coverage.
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Fair Trade & Ethical Sourcing
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No quantitative data is available in the provided articles to assess WeWork Inc. against the specified KPIs for Fair Trade & Ethical Sourcing. Information regarding the percentage of fair-trade certified spend, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, share of high-risk materials, or the percentage of procurement budget directed to diverse suppliers is not provided. While WeWork's Boston division reported over $1 million in spending with minority-owned vendors by the end of 2019, this is a dollar amount for a specific region, not a percentage of the company's total procurement budget as required by the KPI.
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Honest & Fair Business
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WeWork restated financial results for 2020 and the first three quarters of 2021 due to the misclassification of shares issued as part of its SPAC sponsor's IPO.
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This single restatement event, affecting two annual periods within the last five years, resulted from a material weakness in internal control over financial reporting.
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The company has a detailed Whistleblower Policy specific to Australia (AUS), which outlines procedures for reporting misconduct, ensures confidentiality, and prohibits retaliation.
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WeWork also has a Global Anti-Corruption Policy that applies to vendors and prohibits bribery and facilitation payments, but there is no evidence regarding the frequency of training or effectiveness metrics for this policy.
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Kind to Animals
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WeWork's policy allows for the sourcing of factory-farmed salmon for its employee meals and corporate events.
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This indicates that the company's animal agriculture practices, specifically concerning its sourcing, involve methods associated with minimal environmental enrichment and limited behavioral expression. For all other KPIs, no specific, concrete data points were found in the provided articles to assess performance against the rubric's quantitative thresholds.
No War, No Weapons
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WeWork divested 100% of its Russian business by April 2024, having reached an agreement to sell in January 2024.
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The company adheres to the UN Guiding Principles on Business and Human Rights, implementing initiatives and systems to ensure human rights respect.
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It conducts human rights due diligence, regularly monitors and reports on their effects to relevant stakeholders, and takes prompt remedial actions for negative impacts.
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Employees are required to take periodic training courses, including on anti-discrimination and harassment.
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Planet-Friendly Business
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No specific, quantitative data is publicly available regarding WeWork's company-wide environmental performance across any of the assessed KPIs
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. While WeWork Australia achieved 100% renewable energy use in 2019
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, this is not stated as a company-wide achievement
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. The company is mentioned as a Certified B Corporation
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. However, there is no evidence for total Scope 1, 2, and 3 emissions
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, SBTi-validated targets
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, water use per revenue
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, green building certifications
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, waste diversion rates
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, net-zero target year
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, or any other specific environmental metrics for the entire company
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.
Respect for Cultures & Communities
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No quantitative data or specific information relevant to any of the 'Respect for Cultures & Communities' KPIs was found in the provided articles
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. The articles either explicitly state a lack of data
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, mention that specific metrics are not tracked
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, or focus on general diversity and inclusion initiatives without providing quantifiable outcomes related to community engagement, cultural preservation, or local impact
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.
Safe & Smart Tech
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No evidence available to assess WeWork Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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WeWork's Global Vendor Code of Conduct requires vendors to comply with waste management laws, including hazardous waste handling, and to measure and record waste generation.
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The code also recommends waste audits, efficient production strategies, and the use of recycled materials for its vendors.
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