Month: June 2024

Originally published in GoDaddy’s 2023 Sustainability Report

Our People-Centered Strategy

By valuing individuality, we grow together.

We’re building a culture that values diversity and prioritizes making opportunity inclusive for all. We know this fosters both a more successful work environment and global community.

Diverse representation not only makes GoDaddy a better place to work, but it also makes us more innovative, creative, and competitive. Our employees’ different viewpoints and life experiences help us improve our products and reach more people. Empowering a diverse range of entrepreneurs in our communities also strengthens society at large.

We want to foster a human-centered community that empowers our employees and their families. We do this by embedding Diversity, Equity, Inclusion, and Belonging (DEIB) principles into our strategy, focusing on fostering an environment supportive of diverse representation in recruitment, evaluating our practices to maintain parity, and building an inclusive company culture. We’re also committed to maintaining pay parity for all employees.1

An Integrated Strategy 

We believe integrating inclusive and equitable principles into the core of how we work every day is the best way to fulfill our mission. That starts with our company values, which are inextricably tied to everything we do for our customers and how we treat each other. We also recognize that diversity helps fuel inclusion, which in turn helps power equitable workplaces and enables belonging.

Our objective is to further integrate, engage, and expand DEIB principles throughout GoDaddy by fostering inclusive behaviors and refining systems and processes through a lens of equity. We developed a multiyear strategic roadmap to continually implement our objectives and govern, support, and enable these company-wide priorities.

In 2023, our progress on this work included developing gender transition resources to support our transgender, non-binary, and gender diverse employees. We also continued to use structured ways to analyze and discuss demographic data, held a training to enable psychological safety and inclusive engagement among our teams, and launched a DEIB speaker and conversation series.

Driven by Accountability

Building an inclusive and equitable workforce requires accountability and transparency. In 2023, we launched a DEIB Steering Committee to help govern, support, and enable our DEIB efforts. The Committee is comprised of senior leaders who discuss our DEIB strategy and plans, with a focus on achieving balanced representation and equitable employee experience. The DEIB Steering Committee provides support through feedback, intervention, and advocacy to our Board, their peers, our teams, and their partners.

Another way we reaffirmed our commitment to accountability was by signing onto the CEO Action for Diversity and InclusionTM pledge in 2023. Through this initiative, we pledge to advance DEIB in the workplace and create a more inclusive culture while embracing having difficult conversations.

To enable accountability, we commit to transparency. We continually analyze and share our diversity and pay equity data through reports like this to ensure we’re on track to achieve our objectives and identify areas for improvement.

It’s an ongoing journey, and we’re in it for the long haul.

Awards and Honors

Human Rights Campaign 
Participated in Corporate Equality Index for the fifth year in a rowWomen Impact in Tech 
2023 List of 100 Progressive Companies Empowering Women in Tech

To learn more, read our 2023 Sustainability Report.

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About this Report 

The GoDaddy 2023 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, 2023. 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 and includes select Sustainability Accounting Standards Board (SASB) metrics for the Internet Media and Services sector. 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 review the Frameworks and Metrics section.

1We define achievement of pay parity as pay that is equal to, or a few cents on either side of, a dollar.

Authored by Robert Moczulewski, Talwinder Kang

On April 29, 2024, the IRS published Notice 2024-36, which provided further guidance and clarifications on the procedures for allocating credits under the section 48C qualifying advanced energy project credit program. This notice announces the second allocation round (Round 2) of the program, continuing the framework established by Notices 2023-18 and 2023-44, which initially set up the program with a $10 billion credit provision, including $4 billion specifically for projects in Energy Communities Census Tracts (Energy Communities). Round 2 aims to allocate the remaining $6 billion, with about $2.5 billion reserved for Energy Communities.

For Round 2, taxpayers are required to submit concept papers via the Qualified Advanced Energy Project Credit Program Applicant Portal (48C Portal), managed by the Department of Energy (DOE) by June 21, 2024. Upon submission, the DOE will review and either encourage or discourage further applications based on the project’s merits. A successful concept paper leads to the submission of a joint application for DOE recommendation and IRS certification. The deadline for submitting these applications is set to 50 calendar days after DOE begins the acceptance period for the section 48C(e) application, typically shortly following the encouragement or discouragement letter from the DOE is delivered. Only applicants who submitted the concept papers can submit the section 48C(e) application. The IRS plans to finalize all decisions for Round 2 by Jan. 15, 2025.

This round follows the initial allocation where approximately $4 billion was distributed, with $1.5 billion going to projects in Energy Communities. The procedures for Round 2 largely mirror those of Round 1 but include updated appendices that supersede those from Notice 2023-44. These appendices detail necessary application information and eligibility criteria.

The updated guidelines also cover the process for projects that fail to receive an allocation in Round 1, noting that these are still eligible for consideration in Round 2. The notice emphasizes the importance of meeting the DOE’s criteria for a project’s commercial viability and alignment with advanced energy goals. The full implementation and regulatory details of the program, including impacts of previous legislation and specific requirements for qualifying projects, are outlined to ensure applicants understand the comprehensive framework and deadlines associated with the 48C credit allocation.

Overall, Notice 2024-36 modifies and amplifies prior notices, particularly Notice 2023-44, ensuring that applicants have clear guidance on the application process and the program’s objectives aimed at promoting advanced energy projects.

Where to go from here?

While there is a tight timeline for section 48C Round 2, Baker Tilly’s team of Inflation Reduction Act (IRA) specialists can streamline the process by guiding the organization through the necessary application steps. Baker Tilly assists with concept paper feedback, supports in preparing the full application in the meantime, assist with the letters of encouragement review process and then manage the full application process moving forward.

Connect with an 48C and IRA specialists or learn more about Baker Tilly’s section 48C tax credit solutions.