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.
About Grom Social Enterprises, Inc.
Grom Social Enterprises, Inc. (NASDAQ: GROM) is a growing social media platform and original content provider of entertainment for children under 13, which provides safe and secure digital environments for kids that can be monitored by their parents or guardians. The Company has several operating subsidiaries, including Grom Social, which delivers its content through mobile and desktop environments (web portal and apps) that entertain children, lets them interact with friends, access relevant news, and play proprietary games while teaching them about being good digital citizens and Curiosity Ink Media, a global media company that develops, acquires, builds, grows, and maximizes the short, mid- and long-term commercial potential of Kids & Family entertainment properties and associated business opportunities. The Company also owns and operates Top Draw Animation, which produces award-winning animation content for some of the largest international media companies in the world. Grom also includes Grom Educational Services, which provides web filtering for K-12 schools, government and private businesses. For more information, please visit https://gromsocial.com or for investor relations, please visit http://investors.gromsocial.com.
About the Joint Commission on Interdenominational Relations
The JCIR is a church (an association of churches) as defined by the New Testament and recognized by Black’s Law Dictionary. As a church, the JCIR seeks to fulfill the Great Commission, and equip parishioners to do the same with a focus on transformational prayer, a New Testament discipleship, and a heart for showing God’s love in everyday practical ways. The JCIR strives to provide the Body of Christ with the necessary tools, resources, and infrastructure to reach today’s modern world, without losing sight of our biblical heritage. The JCIR is a firm believer and proponent of doing God’s work, God’s way. Biblically Responsible Investing (BRI) is the epicenter of all social impact endeavors that JCIR deploys; for the best laid out plans that ignore or violate Biblical principles are doomed to fail. JCIR, as a Bible-centered Church believes that there are abundant opportunities for BRI and other social impact initiatives to coexist and flourish; not least of which is the United Nation’s Global Compact’s Ten Principles and United Nation’s General Assembly’s Sustainable Development Goals.
Forward-Looking Statements
This press release contains statements, which may constitute “forward-looking statements.” Those statements include statements regarding the intent, belief, or current expectations of Grom and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company’s reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company’s web site at www.gromsocial.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
John McNamara
Tradigital IR
917-958-2602
John@tradigitalir.com
