2021 Corporate Sustainability and social Report

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Tom Greco
Tom Greco President & Chief Executive Officer

2021 Corporate Sustainability and Social Report

At Advance, we remain fully committed to evolving our business in response to global challenges to ensure we are driving sustainable value for our shareholders for the long term. Our Vision: “Advancing a World in Motion,” is an articulation of this commitment. Advancing a World in Motion is about driving the performance of our company, protecting the health, safety and wellbeing of our people, reducing our environmental impact and giving back to the communities in which we live and serve. Stated simply, it’s about how we support and care for one another while ensuring we leave our company and the world a better place for future generations.

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People

At Advance, we are approximately 68,000 team members strong. We have often said “our people are our best part,” and throughout 2021, they showed the utmost in care for others despite significant challenges resulting from today’s dynamic environment. During the year, we went to great lengths to ensure their voices were heard and their feedback acted upon to help perform at the highest level possible and ensure our team members take pride in the company where they work.

Planet

Over the last few years, we have focused on improving our environmental footprint to reduce waste and support a healthier planet. Not only does it help us operate more efficiently and reduce costs over time, but it also improves our business performance. We’ve continued to make meaningful progress in this area, as evidenced by an above-average “B” score in global nonprofit CDP’s annual climate change report. Advance was the only automotive aftermarket parts retailer to be ranked in this year’s report and our score places us firmly in the “management” band, signifying our commitment to taking coordinated action on climate issues.

Community

Giving back is something our Advance team members not only take pride in doing, it’s something they do exceptionally well. Their passion for helping others continues to drive our community involvement through both corporate and foundation giving. This year, in response to team member feedback, we created even more ways for every level of the organization to get involved in our charitable giving – whether by fundraising on behalf of the American Heart Association, participating in home builds through Building Homes for Heroes, or identifying local nonprofit organizations that will benefit from our gifts. We refocused where and how we contribute, bringing new life to Advance’s ownership culture and giving voice to individual team members and their desire to help. Our company-sponsored giving and gifting via our Advance Auto Parts Foundation centered around three important focus areas: support of military veterans, health and wellness, and education/job readiness.

Governance

At Advance, we believe that strong corporate governance practices enhance our ability to create long-term value and support our performance and growth in an ethical and sustainable manner.

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