LETTER FROM OUR CEO
We continued to build on our Champion Inclusion Cultural Belief by expanding our diversity, equity and inclusion (DEI) agenda throughout the year. DEI has long been an area of focus in our ESG agenda, and it was identified as a top-five priorty in our ESG Materiality Assessment in 2021. We know it is important that our workforce reflect the diversity of the customers and communities we serve, and this year, across the company, we proudly increased our representation of women and people of color in VP-plus roles by 670 basis points and 110 basis points, respectively. We also hosted numerous cultural experiences to build inclusivity and educate on DEI-related topics. Throughout the year, we leveraged data to hold ourselves accountable and measure our progress, but the feedback from team members was what I found most gratifying. Alton Walker, National Chair of our African Americans Leading Inclusion and Growth Network (ALIGN) recently shared the following: “Whether telling personal stories, teaching educational seminars or sharing cultural experiences, the programming ALIGN created this past year shaped a culture of inclusivity, brought people together and allowed team members to be their whole selves at work.” At a time when the labor market remained incredibly tight, we also took important steps to grow talent this year. We streamlined work to enable team members to focus on the job at hand, took steps to increase collaboration among teams and put greater focus on career advancement and continued learning and development. This helped us not only in recruiting the best people in the business, but also increasing retention among those already working for us. In addition, we recognized team members who went above and beyond in their job performances through differentiated programs like Fuel the Frontline, which rewards outstanding frontline team members with an ownership stake in our company via stock grants. Since the inception of the program, we’ve granted over 26,000 stock awards to frontline team members, valued at nearly $75 million at the date of grant. Another priority area was the safety of our team members. Employee safety was also one of the top-five topics from our ESG Materiality Assessment in 2021, and we know that focusing on employee safety not only improves the lives of our team members but also makes us more productive and ultimately benefits our customers. Over the last several years our focus has been on creating tools to improve safety, driving adoption
WHETHER IT’S THE WAY WE CARE FOR OUR PEOPLE, PLANET OR COMMUNITY, WE KNOW WE MUST THINK DIFFERENTLY ABOUT HOW TO OPERATE IN SUCH A DYNAMIC AND UNCERTAIN ENVIRONMENT. THIS PAST YEAR, WE WORKED HARD TO SIMPLIFY PROCESSES, HOLD OURSELVES ACCOUNTABLE TO DELIVERING ON OUR ESG GOALS AND CLEARLY DEFINE OUR PATH FORWARD TO SUSTAIN OUR MOMENTUM AND SAFEGUARD OUR BUSINESS FOR YEARS TO COME.
TOM GRECO PRESIDENT & CHIEF EXECUTIVE OFFICER
ABOUT
PEOPLE
PLANET
COMMUNITY
GOVERNANCE
2022 ADVANCE AUTO PARTS CORPORATE SUSTAINABILITY AND SOCIAL REPORT | 4
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