How Does The Blue Apron (APRN) Stock Price Increase In After-Hours Trading?

In after-hours trading on Tuesday, Blue Apron Holdings Inc. (NASDAQ: APRN) gained 9.78% at $5.50 on no significant news. The stock of APRN shot up 12.08% to end at $5.01, perhaps in response to recent developments.

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Recent developments at APRN:

It was announced last week that Blue Apron (APRN) has joined the United Nations Global Compact (UNGC), the largest corporate sustainability initiative in the world. UNGC, a voluntary initiative with more than 16,000 company participants in over 160 countries, promotes corporate sustainability through a principle-based approach to business and a value system.

It is Blue Apron’s commitment to demonstrate how it can help propel the 17 Sustainable Development Goals (SDGs) as a UNGC participant to elevate its role. A carbon-neutral company, APRN brings its customers amazing recipes while also encouraging planetary and dietary wellness. By joining UNGC, APRN will be able to gain insight into best practices while remaining accountable for its success.

Chef John Adler, Blue Apron’s Vice President of Culinary, has joined the UN’s Chef Manifesto, a global community focused on promoting good food for all, in addition to joining the UNGC. In addition to being on the front lines of their communities, chefs can have an important role in driving action, because they have an in-depth understanding of food supply chains, expertise in making delicious, nutritious dishes, and a passion for bringing people together.

In the years since APRN’s inception, it has sourced responsibly, supported regenerative agriculture and fishing practices, reduced food waste throughout the supply chain, and donated surplus food to local food banks. In joining the Chef Manifesto, Blue Apron will collaborate with chefs and thought leaders in the culinary world to further their efforts, share their approaches, and learn from the work of others who have accomplished this goal.

How is APRN doing?

As part of its vision of Better Living Through Better Food, Blue Apron (APRN) focuses on several Sustainable Development Goals, focusing on the SDGs No Poverty, Zero Hunger, and Good Health and Well-being. In its annual ESG report, APRN plans to outline its actions.