AAP 2021 ESG Report

MATERIALITY ASSESSMENT

We are currently reviewing each of these five prioritized ESG topics in detail to examine our current performance and explore opportunities for initiatives in these areas to intersect with our strategic business plan and add value to our business and our stakeholders. We expect this work to enable us to develop goals and share them and our progress with our stakeholders. While our top priority in the near-term is focus on the five areas of ESG outlined above, our materiality assessment confirmed our perception that there are many important topics when it comes to delivering long-term, sustainable success. For those topics rated higher in relative importance to both internal and external stakeholders, as well as those topics that we further evaluated for business value, we intend to remain attentive to areas for opportunistic investment and advancement. We recognize that many aspects of ESG are interdependent, and we plan to periodically refresh our materiality assessment to ensure that we continue to focus our efforts and resources on the areas that matter most to our stakeholders and provide the most value to our business.

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2021 ADVANCE AUTO PARTS CORPORATE SUSTAINABILITY AND SOCIAL REPORT | 59

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