First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity and verification solutions, has announced the release of its 2023 Sustainability Report. The annual report provides transparency to stakeholders, including its customers, investors, partners, and global teams, regarding the Company’s commitments to environmental, community, and governance initiatives.
Taking a holistic approach to sustainability, First Advantage has centered its efforts on people and community, environment and climate, governance and accountability, and policy and process. Highlights covered in First Advantage’s 2023 Sustainability Report include:
- Continuing to implement Task Force on Climate-related Financial Disclosures (TCFD) framework recommendations, including partnering with third-party consultants to analyze the Company’s water, waste, and exposures to Scope 1, 2, and 3 greenhouse gas emissions and assess its requirements for resilience in a climate-affected future.
- Advancing employee engagement and inclusion by making continued progress on the Company’s Employee Engagement & Inclusion strategy, including the completion of inclusivity and diversity training for over 300 leaders, the addition of an employee resource group (ERG), ¡VIVA!, and the creation of an integrated ERG calendar of diverse celebrations and heritage events.
- Expanding its SOAR program, providing managers with the tools needed to build stronger teams, become better leaders, and drive more effective outcomes, an approach recently profiled in the book “Proving the Value of Leadership Development.”
- Promoting community involvement and engagement through a partnership with the Global Mentorship Initiative and the rollout of a Volunteer Time Off policy in the U.S., with plans for global expansion.
- Enhancing responsibility and governance within the Company’s supply chain, updating standards and contractual language supporting this program, and partnering with over 120 diverse suppliers worldwide.
- Furthering the Company’s data privacy and cybersecurity efforts with the launch of a newly designed, user-friendly Global Privacy Center, which is available publicly on the First Advantage website.
- Reinforcing the Company’s commitment to corporate oversight and responsibility with the creation of a Corporate Responsibility and Sustainability Policy designed to guide employee behavior by articulating the Company’s values, commitments, initiatives, and goals.
First Advantage CEO Scott Staples commented, “Sustainability is deeply embedded in the First Advantage mission. In 2023, we reinforced this commitment by focusing on employee engagement and inclusion and by gaining a deeper understanding of our operational footprint, we champion excellence in all aspects of our business.”
Staples continued, “As a global organization, this report underscores our values, demonstrates the progress we have made around the world, and illuminates our path forward as we continue to deliver a superior customer experience aligned with responsible business practices.”
First Advantage’s 2023 Sustainability Report includes disclosures aligned with the Sustainability Accounting Standards Board (SASB) standards for its industry and the Task Force on Climate-Related Financial Disclosures (TCFD) framework.
To access the full report, visit https://investors.fadv.com/esg
