Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed proprietary SP+ University™ internal training curricula focused on the environment and sustainability. For example, the “Leading the Way” course focuses on waste-water reclamation and hazardous solid waste disposal.
• Launched Parking.com website and mobile app, reducing unnecessary driving and vehicle emissions.
• Implemented ecologically responsible garage & vehicle washing procedures to prevent water pollution.
• Maintained recycle bins in administrative and operations facilities and purchased green products.
• Helped clients convert thousands of inefficient light fixtures to more efficient models.
• Implemented car pool & bicycle programs.
• Established relationships with various distributors of electric vehicle charging stations.
• Utilized environmentally friendly hybrid, alternative fuel, or electric vehicles where possible.
• Offered bicycle parking solutions.
• Provided tire inflation pumps at many parking facilities.
• Offered preferred parking for hybrid vehicles & scooters.
• Offered parking site surveys to determine how “green” a garage is and make recommendations for improvement.
• Replaced historical practices of printing and storing hard copies with a company-wide electronic document storage system, saving significant resources.

Social Achievements

• Established SP+ Women’s Advisory Forum with a robust plan to recruit a more diverse workforce, retain more women, and ensure sensitivity to gender stereotypes in the workplace.
• Developed and deployed anti-corruption and occupational health and safety initiatives.
• Supported a variety of causes and organizations with time and resources.
• Furthered companywide safety and loss control programs.
• Created learning and leadership programs for employee skill development.
• Implemented a mentoring program.

Governance Achievements

• Established a well-established Environmental Compliance Program including training, reporting procedures, enforcement policies, and supplier/vendor screening.
• Implemented a Code of Business Conduct.

Climate Goals & Targets

Environmental Challenges

• Three hurricanes impacted operations in 2017.
• Various federal, state and/or local laws regulating discharge of materials into the environment or otherwise relating to the protection of the environment, such as discharge into soil, water, and air, and the generation, handling, storage, transportation, and disposal of waste and hazardous substances.
• Potential for environmental matters at certain locations or related to operations.

Mitigation Strategies

• Overcame operational challenges of hurricanes to deliver solid financial performance.
• Implemented cost reduction initiatives in areas such as procurement and back office support functions.
• Controlled overall general & administrative costs.
• Established an Environmental Compliance Program, including training, enforcement, and contracting procedures.
• Utilized SmartDrive in shuttle and maintenance vehicles to reduce accidents and improve fuel efficiency.

Supply Chain Management

Responsible Procurement

• Preference for suppliers committed to sustainable practices (e.g., recycled paper, environmentally friendly inks).

Climate-Related Risks & Opportunities

Physical Risks

• Hot summers and lower rainfall
• Increase in unforeseen extreme weather phenomena

Transition Risks

• More stringent legislation, new requirements, and regulations impacting parking facilities

Opportunities

• Increasing amount of solar and wind power available
• Prohibit products that contain harmful substances and waste energy
• Temperate winters

Reporting Standards

Frameworks Used: GRI Standards: Core option

Sustainable Products & Innovation

• Parking.com website and mobile app
• Electric vehicle charging stations

Awards & Recognition

• Accredited Parking Organization (APO) with Distinction designation from International Parking Institute
• Second-place winner for “Parking System Operation – Most Innovative and/or Effective” category for the Carolinas Parking Association Awards of Excellence
• Sustainable Quality Award for Excellence in Sustainable Economic Development from Santa Monica Chamber of Commerce

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Annual reduction of 107,000 lbs of Carbon Dioxide, 434 lbs of Sulfur Dioxide, and 175 lbs of Nitrogen Oxides. Equivalent to planting 14 acres of trees, saving 9,550 gallons of gas, and taking 10 cars off the road.
• Parksmart Certification for 1600 Smith location in Houston, Texas.
• Installation of electric vehicle charging stations.
• Use of recycled paper, environmentally friendly inks, and recycled boxes for parking tickets.
• Implementation of ride share and car pool programs.
• Provision of bicycle parking and bikeshare docks.
• Use of energy-efficient fixtures and reduction of paper usage through electronic systems.

Social Achievements

• Establishment of the SP+ Women’s Advisory Forum (WAF) to improve workforce diversity and retention.
• No work-related fatalities in 2018.
• Implementation of various community engagement initiatives (e.g., volunteering, fundraising).
• Annual fundamentals training for all employees (approx. 6 hours), and mandatory new-hire training (approx. 8 hours).

Governance Achievements

• Addition of Alice M. Peterson to the Board of Directors.
• Annual Code of Business Conduct training for all employees.
• Implementation of cost optimization initiatives.

Climate Goals & Targets

Environmental Challenges

• Climate change related risks: extreme weather events, stringent environmental legislation, decreasing car use.
• Potential for non-compliance with environmental laws and regulations.
• Potential for incidents of discrimination or harassment.

Mitigation Strategies

• Regular review of business risks, including climate change risks, and implementation of mitigation measures.
• Development of Business Continuity Plans for each Corporate Department.
• Employee training on environmental compliance, use of an Employee Call Line, and formal contracting procedures.
• Designation of an Environmental Compliance Officer.
• Implementation of a zero-tolerance policy for discrimination and harassment, with confidential complaint procedures and reporting channels.

Supply Chain Management

Responsible Procurement

• Strategic partnerships with suppliers committed to sustainable practices (e.g., recycled paper for parking tickets).

Climate-Related Risks & Opportunities

Physical Risks

• Hot summers, lower rainfall, extreme weather events (hurricanes, floods, heavy snowfall).

Transition Risks

• More stringent legislation and regulations impacting parking facilities, increased taxes and fees related to energy efficiency.

Opportunities

• Increasing amount of solar and wind power, temperate winters, clients seeking sustainable solutions.

Reporting Standards

Frameworks Used: GRI Standards: Core option

Sustainable Products & Innovation

• Electric vehicle charging stations
• Parking.com website and mobile app

Awards & Recognition

• Parksmart Certification for 1600 Smith in Houston
• Accredited Parking Organization (APO) with Distinction
• Parking Matters Marketing & Communications Award from the International Parking Institute (IPI)

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Developed proprietary SP+ University™ internal training curricula focused on environmental protection, sustainability and compliance training.
• Active member of Parksmart, achieving Green Garage Certification at 1600 Smith in Houston, Texas.
• Utilizes environmentally friendly hybrid, alternative fuel, or electric vehicles to minimize adverse environmental impact.
• Installed electric charging facilities at various locations.
• Implemented recycling programs in administrative and operations facilities.
• Purchased and utilized energy-efficient equipment.

Social Achievements

• Launched Women’s Advisory Forum with additional local chapters.
• Promoted Ritu Vig (Chief Legal Officer) and Connie Jin (SVP, Corporate Development) to the Executive Team.
• Offered comprehensive benefits package to full-time employees.
• Implemented various training programs through SP+ University.
• Engaged in community outreach and charitable partnerships.

Governance Achievements

• Implemented a rigorous audit program to enforce the Code of Business Conduct and other compliance policies.
• Established an Employee Hotline for reporting violations.

Climate Goals & Targets

Environmental Challenges

• Risks related to climate change (extreme weather, stringent legislation, reduced demand for services due to decreasing car use).
• Potential liabilities and costs associated with environmental compliance.
• Availability of new construction products and solutions and technical and usability challenges.

Mitigation Strategies

• Cost monitoring, property insurance, reliable outdoor maintenance partner, quality criteria and setting targets that support customer satisfaction in partnership contracts, anticipatory budgeting.
• Legislation follow-up, updating expertise, careful selection of partners.
• Seeking energy-saving solutions, use of renewable energy sources, anticipatory budgeting.
• Innovative development cooperation, procurement, expertise and training.
• Supporting alternative transportation methods; cooperation in the planning of public transport.

Supply Chain Management

Responsible Procurement

• Strategic partnerships with suppliers employing modern supply chain practices to minimize carbon footprint.
• Use of parking ticket suppliers using recycled paper, environmentally friendly inks, and recycled materials for packaging.

Climate-Related Risks & Opportunities

Physical Risks

• Hot summers and lower rainfall
• Increase in unforeseen extreme weather phenomena
• Increase in maintenance costs and fees

Transition Risks

• More stringent legislation, new requirements, and regulations impacting parking facilities
• Increase in taxes, fees and other regulatory burdens

Opportunities

• Improvement in the profitability of using renewable energy sources
• Lower energy consumption and maintenance costs
• Increasing interest in ecological footprint management

Reporting Standards

Frameworks Used: GRI Standards: Core option

Sustainable Products & Innovation

• Electric vehicle charging stations
• Mobile + Parking program

Awards & Recognition

• Accredited Parking Organization (APO) with Distinction
• National Parking Association’s Women In Parking Impact Award

Environmental Metrics

ESG Focus Areas

• Environmental Impact
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Launched Sphere™, a suite of technology solutions that drives end-to-end mobility and delivers a frictionless experience, lowering the carbon footprint.
• Partnership with ChargePoint to supply and electrify commercial parking facilities.
• Developed proprietary SP+ University™ internal training curricula focused on environmental protection, sustainability and compliance training.

Social Achievements

• Formed the Inclusion Council to set the Company’s diversity, equity and inclusion strategy.
• No work-related fatalities in 2020.
• No OSHA citations were issued in 2020.
• Comprehensive benefits package for full-time employees.

Governance Achievements

• Implemented a rigorous audit program to enforce the Code of Business Conduct and other compliance policies.
• Established an Ethics & Compliance Hotline for reporting environmental violations and concerns.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and workforce.
• Need to comply with environmental laws and regulations.

Mitigation Strategies

• Developed comprehensive safety protocols and implemented extensive cleaning and sanitation protocols.
• Workforce realignments due to client needs.
• Developed and implemented a comprehensive plan in response to the challenges brought forth by the COVID-19 pandemic.
• Designated Environmental Compliance Officer (ECO) responsible for environmental policies and vendor/supplier standards.

Supply Chain Management

Responsible Procurement

• Using parking ticket suppliers that use recycled paper, environmentally friendly inks, and ship tickets in boxes made from recycled materials.

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters such as devastating floods, droughts and storms

Sustainable Products & Innovation

• Sphere™ technology suite

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• One of the industry’s largest parking operator networks of electric vehicle charging stations, with more than 3,300 charging ports across nearly 600 facilities.
• Fully migrated internal business systems to the Amazon Web Service (AWS) Cloud, reducing server procurement time and eliminating physical servers.
• Reduced waste through paperless payment processes, print consciousness initiatives, and the use of digital marketing materials.

Social Achievements

• Established the SP+ Inclusion Council to drive diversity, equity, and inclusion (DE&I) strategy.
• Launched the SP+ Women’s Advisory Forum (WAF) to foster growth and leadership for women.
• Maintained a robust safety program resulting in zero work-related fatalities and zero OSHA citations in 2022.

Governance Achievements

• Maintained an Information Security Management System (ISMS) program aligned with the NIST 800-53 framework, resulting in zero data breaches.
• Implemented a Code of Business Conduct and an ethics & compliance hotline, with zero concluded cases concerning corrupt practices.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB’s Sustainability Accounting Standard for Professional & Commercial Services

Certifications: Parksmart Certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Sphere® Technologies

Awards & Recognition

• WOMEN IN PARKING IMPACT Award