BOCA RATON, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) — Grom Social Enterprises, Inc. (NASDAQ: GROM), a media, technology, and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that it has entered into an advisory agreement with the Joint Commission on Interdenominational Relations (“JCIR”) to analyze, strengthen and achieve the highest possible social impact by utilizing all metrics available for values-based investors, including a biblically responsible investing (“BRI”) impact score for the Company and its operations on a best efforts basis. The agreement was announced today by Mr. Darren Marks, Chairman and Chief Executive Officer for GROM, and Mr. Christopher Castillo, President for the JCIR.
Upon completion of the initiative, GROM will be evaluated for a BRI impact score which is based upon a scoring system that analyzes environmental, social, and governance issues from a biblical perspective. It is widely respected by values-based, social impact investors, organizations, as well as consumers to ensure that organizations they support meet and adhere to the standards of biblically responsible ideology and values.
“We believe that responsible companies should aspire to make the highest possible positive impact on the world, and to the employees and customers that it serves. In 2012, GROM embarked on a mission to create a one-of-a-kind, safe social media platform for kids, one where parents could rely upon us to help safeguard their children from imminent internet dangers,” explains Marks. “In partnering with the JCIR, we proudly aim to showcase our offerings, which organically operate within biblically responsible standards.”
By engaging the JCIR, GROM aims to demonstrate that its four operating subsidiaries, which underscore family-friendly content and safety for children on social and educational platforms, perform within prescribed social impact goals and biblically responsible guidelines.
“Responsible and safe social media options for children, their parents, and adults wishing to maintain a high level of integrity and ethics is a big, real-world problem and we are encouraged to see GROM working on a suite of software and content related solutions to solve this problem. The JCIR is advising GROM by evaluating and measuring its suitability and readiness to embrace value, social impact and biblically responsible investing practices. We firmly believe that BRI is a corporate culture and its implementation in letter and spirit is a significant competitive advantage when properly deployed. We are encouraged and excited about working with GROM on this journey,” said JCIR’s Senior Policy Advisor, Dr. Andre Estevez.
The Company is further committed to documenting, reinforcing and participating in specific Corporate goals that include, but are not limited to: quality education; gender equality; decent work and economic growth; reduced inequalities; responsible consumption and production; climate action; peace, justice and strong institutions, and partnerships with other likeminded corporate citizens.
Marks added, “Our commitment to the above ennunciated goals are another giant step towards protecting the interests of our shareholders, partners, customers, employees and their children.”
GROM believes that a favorable BRI impact score has the potential to demonstrate the Company’s commitment to these principles and thereby increase the visibility, reach, and appeal of its broad products and services portfolio.