Climate Change Data

APi Group Corporation

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Leadership
  • Safety
  • Environment
  • Inclusion
  • Governance

Environmental Achievements

  • Completed installation of 934 solar panels at Creamer's corporate office, projected to produce 500,000 kWh annually.
  • Chubb's Environmental Recycling Unit processes an average of 1100 extinguishers a day, recycling components or reusing them in waste energy recovery.

Social Achievements

  • Annual Pride Walk event celebrating inclusion and diversity.
  • 5th annual D-Day Honor Ride raising over $20k and building awareness about suicide prevention.
  • More than 7,000 drivers trained in defensive driving (82% of US drivers).
  • More than 7,000 dash cameras rolled out in the US (64% of vehicles), resulting in a >22% drop in claims.
  • Over 400 veterans hired annually.
  • Launched APi Network of Women (NoW) in 2011, focusing on women's leadership and development.

Governance Achievements

  • Established a robust governance framework for sustainability, including a Sustainability Leadership Committee and a Sustainability Steering Committee.
  • Board oversight of sustainability matters.
  • Updated Code of Business Conduct and Ethics to be finalized and rolled out in 2024.

Climate Goals & Targets

Long-term Goals:
  • Achieve zero incidents.
Medium-term Goals:
  • 13%+ Adjusted EBITDA Margin by 2025
  • 60%+ of revenue from inspection, service and monitoring by 2025
Short-term Goals:
  • 100% of US drivers completing defensive driving course by end of 2023.

Environmental Challenges

  • Data collection challenges due to decentralized operating model with 500+ locations.
  • Understanding and reducing GHG emissions, particularly from the vehicle fleet.
  • Attracting and retaining diverse talent in male-dominated industries.
Mitigation Strategies
  • Commissioned Schneider Electric to undertake a global GHG emission baselining exercise.
  • Investing in internal and external resources to better understand environmental impact.
  • Implementing various DEI initiatives, including the IDI assessment and Inclusion Engagement Plan.
  • Partnering with organizations like Helmets to Hardhats to recruit veterans.
  • Developing strategies to attract new talent from diverse backgrounds.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD