Twillio is one of the first companies to commit to joining LTSE via dual public listings of their common stock.
The company will join Asana in listing their common stock on August 26.
Jeff Lawson, co-founder and chief executive officer of Twilio, said: “At Twilio, we believe a company's impact on society should be net positive.
“Our focus has always been on creating sustainable value for all of our stakeholders. We’re just scratching the surface of a generational opportunity, and we look forward to joining a community of stakeholders that share our commitment to long-term growth.”
Eric Ries, founder and CEO of LTSE Group, added: “Both Asana and Twilio demonstrate the kind of governance and growth that will help build a better future for everyone.
“We’re honoured that companies of this calibre are committing to the Long-Term Stock Exchange.”
Cloud communications and customer engagement platform Twilio has built sustainable growth around the idea that when companies serve multiple stakeholders — including customers, employees, shareholders, and their broader communities — it benefits both society and the bottom line. By incorporating social impact into business objectives, working to foster a culture of equity and inclusion, and prioritizing customer trust, the company has built a diversified business that serves over 235,000 customers across every industry.
LTSE’s principles-based listing standards prioritize long-term actions and promote transparency by requiring listed companies to detail and publish policies that offer stakeholders insight into how a company builds its business for the long term. Listing on LTSE aligns the governance of both Asana and Twilio with long-term shareholders, employees, customers, and communities within a public market designed to promote sustainability, resilience, and the creation of value over time.
Asana is a work management platform that empowers teams to orchestrate their work — from daily tasks to big strategic initiatives. By enabling the world’s teams to work together effortlessly, Asana helps organizations of all sizes and industries achieve their goals, faster. Widely recognized for its award-winning culture, Asana is committed to building a culture of transparency, trust, and inclusivity in the company and its product.
Dustin Moskovitz, co-founder and chief executive officer of Asana, added: “Everything we do at Asana is in service of our mission: empowering teams to achieve their own missions. When we all work together, we can achieve great things.
“By listing with the LTSE we are elevating our public commitment to our long term view, further developing our structures to execute on our strategies and aligning even more with our stakeholders who share similar values.”
