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