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Additionally, we are exploring the opportunities to add solar energy panels to certain facilities in the U.S. and Europe. |
And our real estate acquisitions team is continually looking to expand our real estate footprint for our salvage segment, which would allow LKQ to process more total loss and end-of-life vehicles for recycling purposes. |
Please find below a brief overview of LKQ Europe's sustainability plans and initiatives in facilities management: Utilities • To have identified all sources of energy consumed by the end of calculated our CO2 emissions. |
• To record utility consumption on a monthly basis in order to report annually and set reduction targets. |
• We are looking to increase the amount of renewable energy we procure directly. |
Solar • We aim to install PV at all CDCs and RFCs. |
All new premises to undergo an evaluation process concerning materials and methods to deliver energy-efficient, sustainable buildings. |
Collect information on our existing portfolio's energy rating e.g., EPC in the UK and then identify suitable improvement initiatives. |
conversion from utilizing paper catalog printing and paper order printing to help eliminate the waste generated and consumption of paper materials. |
Additionally, the team decided to help eliminate paperwork and paper waste by fully digitizing the order-taking process at their annual industry shows, the NTP-Stag RV EXPO and Keystone Automotive BIG Show. |
Showcase LED Lighting Upgrades in Alsip, Illinois In July, our warehouse in Alsip, Illinois completed a comprehensive LED lighting project installing 328 LED lights to replace less energy-efficient lighting. |
The LED lights will increase productivity, contribute to a better work environment, and improve safety due to a much brighter warehouse. |
In consultancy company to perform a global audit of LKQ’s Scope 1 and Scope 2 emissions as the first phase of this project. |
This will give our Company a better understanding of the important steps of reducing our carbon footprint. |
The GHG Protocol Corporate Accounting and Reporting Standard, which has been adopted by numerous companies worldwide, was used to calculate metric tons of GHG emissions and efforts to reduce them. |
Scope 3 At LKQ, we understand the importance of measuring our full impact of GHGs through calculated measurement of our Scope 3 emissions through various upstream and downstream activities within our value chain. |
• consideration of renewable energy sourcing for our facilities. |
• supplier engagement to identify the COof products supplied to and distributed by LKQ to ensure continuous progress towards a CO2-neutral economy. |
We are committed to providing all of our employees with a safe and secure work environment where no one is subject to unnecessary risk. |
The LKQ Safety Pit Stop program can help us all discover new ways of working, to avoid accidents, and helps create an environment where safety is always the top priority. |
Due to the constantly changing landscape of information from local, federal, and international sources, LKQ provided updated guidance as it became available to keep all employees informed. |
Through LKQ’s comprehensive benefits to our employees to help them achieve a successful retirement. Diversity, Equity & Inclusion We value and promote inclusion and diversity in our workplace. |
Compliance — Policies that support an environment free of harassment and discrimination. |
This includes investing in diversity partnerships such as the Business Coalition, multiple neuro-diversity partners, and investing over $2 million in Black Owned, Minority Owned and Women Owned third party staffing agencies. |
We were able to capture engagement data in specific geographies and drill down to specific locations to help the business create localized action plans. |
This datasupported approach enables LKQ to optimize distribution and storage patterns resulting in improved freight routes, less packaging waste, reduced carbon emissions, and environmental impact. |
Sourcing Minerals Responsibly LKQ is committed to taking necessary actions to ensure our complex global supply chain only sources tin, tantalum, tungsten, and gold (also known as conflict-free sources. |
The goal is to infuse their workforce with energy and camaraderie with a mindful eye toward positive business results. |
GovNom oversees environmental, social, and governance matters as they pertain to the Company's business and long-term strategy. |
Additionally, the Compensation and Human Capital Committee oversees the Company’s programs and policies relating to culture and human capital management, including diversity, equality and inclusion, workforce health and engagement, and leadership development and effectiveness. |
We have a commitment to maintain or exceed this percentage of diversity within our board leadership. |
As a result, we created a new policy portal on the footer of LKQ Corporation’s website where our corporate governance documents could be made publicly facing including our Code of Ethics, Speak Up Policy, Human Rights Statement, Privacy Notice, Environmental Statement, Responsible Marketing Statement, and general gover... |
SASB is an independent, private sector standards-setting organization dedicated to improving the effectiveness and comparability of corporate disclosures on environmental, social, and governance factors. |
These suppliers are subjected to various environmental rules and regulations. |
LKQ is mindful of the environmental effects of chemicals used in products manufactured by our suppliers while keeping in mind safety and performance considerations for the complexity of the products we carry. |
The time products spend in ocean containers, which can be extremely hot and humid, are a factor as well. |
Due to the non-manufacturing nature of our business, our products and services face few climate-related risks, and little potential to have a significant financial impact on the business. |
We monitor industry-focused information sources on evolving risks and evolving litigation patterns involving our industry, pay attention to the environmental concerns raised via shareholder proposals at companies in our sector and seek input from our partners and trusted advisors. |
Regulatory Risk We are subject to environmental regulations and incur costs relating to environmental matters. |
hazardous materials; and the generation, handling, storage, use, treatment, identification, transportation, and disposal of industrial by-products, wastewater, storm water, mercury , and other hazardous materials. |
We are also required to obtain environmental permits from governmental authorities for certain of our operations. |
We have an environmental management process designed to facilitate and support our compliance with these requirements; we cannot assure you, however, that we will at all times be in complete compliance with such requirements. |
We have made and will continue to make capital and other expenditures relating to environmental matters. |
Although we presently do not expect to incur any capital or other expenditures relating to environmental controls or other environmental matters in amounts that would be material to us, we may be required to make such expenditures in the future. |
Under certain environmental laws, we could be held responsible for all of the costs relating to any contamination at, or migration to or from, our or our predecessors' past or present facilities and at independent waste disposal sites. |
Some environmental laws hold current or previous owners or operators of real property liable for the costs of cleaning up contamination. |
These environmental laws also impose liability on any person who disposes of, treats, or arranges for the disposal or treatment of hazardous substances, regardless of whether the affected site is owned or operated by such person, and at times can impose liability on companies deemed under law to be a successor to such ... |
When we identify a potential material environmental issue during our acquisition due diligence process, we analyze the risks, and, when appropriate, perform further environmental assessment to verify and quantify the extent of the potential contamination. |
Furthermore, where appropriate, we have established financial reserves for certain environmental matters. |
Environmental laws are complex, change frequently, and have tended to become more stringent over time. |
Our costs of complying with current and future environmental and health and safety laws, and our liabilities arising from past or future releases of, or exposure to, hazardous substances, may adversely affect our business, results of operations, or financial condition. |
Growing concern over climate change has led policy makers in the U.S. to consider the enactment of legislative and regulatory proposals that would impose mandatory requirements on greenhouse gas emissions. |
For example, significant increases in fuel economy requirements, new federal or state restrictions on emissions of carbon dioxide or new federal or state incentive programs that may be imposed on vehicles and automobile fuels could adversely affect demand for vehicles, annual miles driven or the products we sell. |
We may not be able to accurately predict, prepare for and respond to new kinds of technological innovations with respect to electric vehicles and other technologies that minimize emissions. |
These stakeholders are increasingly requesting disclosures and actions relating to not only climate change but other environmental and social matters and corporate governance practices. |
Risk Management Our senior leadership team and board of directors are very keen on managing and mitigating various risks to our business and financial performance, including climate change and other environmental risks. |
Metrics & Targets LKQ set a target to reduce global Scope emissions by 30% compared to the 2021 baseline relative to revenue. |
By LKQ aims to achieve net zero emissions across our global operations, in alignment with the Paris Climate Accord. |
Please consider the environment before printing this report. |
Factors that might cause such a difference include, but are not limited to, our ability to successfully meet our environmental and social goals, targets, and commitments presented in this ESG Report within the expected timeframe, or at all, including our Net Zero greenhouse gas (GHG) goal, due to a number of risks and ... |
A More Holistic Look at Cintas 8 COVID-19 Drives Cintas’ Business Evolution WELCOME Our 2022 Environmental, Social, and Governance (ESG) Report shares stories and updates from our ongoing ESG Journey – including our performance, successes, and opportunities. |
Product/Service Safety, Quality, and Impacts The core values of ESG have been Central to Cintas since our origins. |
This report also includes significant updates to our environmental data as a result of our ongoing organizational review and baselining initiative. |
Our water data has also been expanded to include all Rental processing operations in the United States and Canada. |
Further, our previously reported FY’energy and water baselines, and our FY’20 and FY’21 performance data have been updated and restated to reflect the expanded scopes of disclosure. |
We worked with a third-party consultant to help us identify our enterprise carbon use and to collect and analyze our available emissions and energy data. |
In any instance when location utility information was not available, a science-based, algorithmic model was used to best approximate and complete the data set. Our environmental performance has demonstrated continued intensity improvements since our FY’19 base year. |
We strive to minimize the aggregate environmental impact of our products and services, promote sustainability and a common respect, and manage our business in a responsible, ethical way. |
we believe are better for the environment, our people, and our collective futures. |
At the start of the COVID-pandemic, company leaders at our corporate headquarters and local facilities around North America helped our customers remain open, while maintaining a safe environment for their employees and customers. |
Analysis of the plant to ensure that 99.99999% of bacteria is removed during the laundering process In the United States and Canada, 311 Rental processing and branch locations that process garments, apparel, and service textiles had their cleaning processes audited for certification of hygiene control management. |
We expect a heightened focus on sustainability – for the planet, for our people, and for our company – will be important as environmental, social, and governance issues gain greater awareness and attention from different groups. |
This will only help us further drive down our emissions and water intensities. |
We offer solutions that are inherently more efficient – in raw material usage, energy, water, and waste – than the alternatives. |
As we proceed into the future, we will continue to evaluate ways to reduce our impact on the environment. |
OUR ENVIRONMENTAL YEAR IN REVIEW Cintas has been on a journey driven by our desire to be a socially and environmentally responsible company for many years. |
In early FY’ambition to achieve Net Zero GHG emissions by 2050. |
Since then, and throughout the we’ve been hard at work building an enterprise-wide environmental impact strategy. |
Historically, our efforts to reduce our environmental footprint in our production facilities grew from our positive discontent and the implementation of more efficient practices throughout our operations. |
We have steadily reduced our impact on the environment simply by doing what we do best: challenging the status quo and pushing toward greater efficiencies. |
The brand’s visual identity features a “water leaf” in the logo with three distinct colors that are connected to our three ESG pillars. |
Using the water leaf as our logo helps to clearly impart the importance of the environment, and specifically water stewardship, in our ESG Journey. |
TO NET ZERO In September to achieve Net Zero GHG emissions by 2050. |
Before we could identify our Path to Net Zero, we first needed to gain a better, more detailed understanding of our company’s carbon footprint. |
To achieve this, Cintas initiated an enterprise-wide operational evaluation to understand its emissions factors. |
This project helped us develop a more comprehensive understanding of our Scope Scope 2, and Scope 3 emissions for the last four years – since our FY’19 base year. |
EMISSIONS (MTCO Fleet Our commercial fleet of more than 14,000 vehicles generates significant Scope 1 emissions. |
Our ability to transition that fleet from carbon-sourced fuels to renewable and alternative fuels is critical to reducing these emissions. |
We plan to explore how more standardized facility and location building considerations, like LED lighting, can help further reduce our energy use Supply Chain More than footprint comes from our supply chain. |
https://cint.as/https://cint.as/3WEVgAJ EV PILOT HITS THE ROAD Cintas operates one of the largest corporate fleets in North America, and this fleet is a significant source of our Scope 1 emissions. |
Our ability to remove fossil-fueled vehicles and introduce more alternativefuel units will be an important factor in our ability to reduce carbon emissions. |
Gain a clear understanding of the total cost of EV ownership – including environmental and financial impacts HITTING THE ROAD In FY’program at one of our Los Angeles locations. |
As we transition into the plans to obtain and deploy additional EVs around our business footprint. |
As more options and technologies are developed by a growing number of OEMs entering the commercial EV and alternative-fuel markets, we anticipate our alternative-fuel pilot program will continue to grow in quantity and scope. |
The assessment used information and findings from a variety of sources to help determine our Impact Priorities, including considerations raised by employeepartners, customers, investors and shareholders, and vendors and suppliers. |
It was also informed by other external sources like Cintas’ various ESG raters and rankers’ questionnaires and surveys; external reports, whitepapers, and articles; regulatory bodies; and peer and cohort benchmarking. |
Reducing waste Our three environmental Impact Priorities appear separate, but their impacts are intertwined within the context of our sustainable business model. |
By focusing on these three key issues, we can continue to identify further opportunities to build on our existing work and lessen our overall environmental impact. |
Product and service safety, quality, and impacts As we continue along our ESG Journey, we expect to identify and develop strategy, programming, and key initiatives to further support efforts relating to our Impact Priorities. |
Specific corporate characteristics support our pursuit of initiatives that can make a sizable impact on our environmental footprint Our spirit of positive discontent has been foundational in these efforts. |
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