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 (SPokes℠).
• 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 (bike lockers, bike corrals, bike valets).
• Provided tire inflation pumps at many parking facilities.
• Assessed viability of offering 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 (SP+ University).
• 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.
• Climate change poses meaningful risks to the economy (extreme weather, increased maintenance costs, regulatory changes).
• Decreasing popularity of car use due to environmental awareness could reduce demand for services.

Mitigation Strategies

• Overcame operational challenges of hurricanes to deliver solid financial performance.
• Regularly reviews risks facing the business, including those related to climate change, and determines the appropriateness of established and proposed mitigation measures.
• Cost monitoring, property insurance, reliable outdoor maintenance partners, quality criteria, and setting targets that support customer satisfaction in partnership contracts, anticipatory budgeting.
• Seeking energy-saving solutions, use of renewable energy sources, anticipatory budgeting.
• Legislation follow-up, updating expertise, careful selection of partners.
• Innovative development cooperation, procurement expertise, training.
• Communications plan, careful setting and follow-up of objectives, corrective action.
• Supporting alternative transportation methods; cooperation in the planning of public transport.

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 (hurricanes, floods, heavy snowfall)

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
• SPokes℠ bicycle use program
• 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

• 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 with 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