LETTER FROM OUR CEO
LETTER FROM OUR CEO TOM GRECO At Advance, our mission is Passion for Customers…Passion for YES! , meaning we help motorists solve challenges and get back on the road as quickly and safely as possible. In 2022, our mission did not change, even as the world around us continued to evolve, whether it be socially, economically or environmentally. Record high inflation, global supply chain constraints and labor market shifts marked a challenging year for many around the world, including us. Our longstanding commitment to corporate sustainability helped us to adapt to the rapid pace of change as we continued to care for our team members, planet and communities. Throughout the year, we stayed focused on the environmental, social and governance (ESG) priorities that emerged from our 2021 materiality assessment. We know that our shareholders, team members, customers and other stakeholders have valuable perspective on what is important for the success of our business over the long-term. We believe that listening to their input and prioritizing those areas of ESG that matter most to our business will help us improve shareholder value over the long-term. In this report, I’m pleased to share a brief snapshot of our progress against our ESG agenda. In 2022, care for our team members took on new meaning as employee wants and needs rapidly changed. Strengthening our company culture was a priority throughout the year. This included contemporizing our Cultural Beliefs, which are the foundation of our culture and the hallmark of what it means to be a team member at Advance. Though awareness of our Cultural Beliefs was over 80% in 2020, we more clearly defined the behaviors we value and helped team members better understand how to bring them to life. We similarly refreshed our Code of Ethics with meaningful examples to help our team members apply the Code in their day-to-day work.
ABOUT
PEOPLE
PLANET
COMMUNITY
GOVERNANCE
2022 ADVANCE AUTO PARTS CORPORATE SUSTAINABILITY AND SOCIAL REPORT | 3
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