ENERGY
EMISSIONS SCIENCE-BASED TARGETS
Last spring, we submitted our proposed science-based emissions reduction targets to the Science Based Target Initiative (SBTi). After a rigorous review process, the SBTi officially approved Advance’s targets to be in line with a well-below 2°C trajectory. We are committed to reducing both absolute Scope 1 and 2 GHG emissions 30% and absolute Scope 3 GHG emissions from purchased goods and services, capital goods and use of sold products 30% by 2030 from a 2019 base year. We plan to track our emissions against our targets annually to measure progress. Meanwhile, in 2022, we continued to move specific emissions reduction strategies forward. This included everything from the procurement of energy to how we use our energy to ways we optimize routing and logistics across our supply chain and vehicle fleet. In 2022 we reported a reduction in our 2021 intensity factor of approximately 5% as compared to the year prior. In addition, we completed our scope 3 emissions assessment and began working with our suppliers to reduce scope 3 emissions across our value chain. Ensuring our suppliers are measuring, tracking and reporting their emissions allows us to continue our efforts to reduce our overall carbon footprint. RENEWABLE ENERGY Throughout the year, we increased our use of renewable energy to offset our current electricity usage and maintain efficiencies as we continue to grow. Building off our previous renewable energy agreement in Texas, we entered into a new community solar agreement in New York that included a target of 75-80% solar-powered energy. We also continued to realize benefits from our existing agreements in wind and solar-powered energy in other states. These efforts help increase our total consumed energy from renewable sources, which we believe will make us less reliant on the traditional power grid in the future and help us realize cost savings in energy
CDP CLIMATE CHANGE REPORT In 2022, Advance received an A- rating in the global nonprofit CDP’s annual climate change report.
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2022 ADVANCE AUTO PARTS CORPORATE SUSTAINABILITY AND SOCIAL REPORT | 42
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