At SiteOne, we believe our operational initiatives drive value for all our stakeholders and will continue to make us stronger and more resilient for many years to come. We continue to enhance our sustainability profile in response to conversations with our stakeholders – particularly feedback from our shareholders received during our annual shareholder outreach program.
We are pleased to share with you our 2025 IMPACT Update, which highlights our recent initiatives that advance our objectives and help bring our Vision to life.
At SiteOne, Safety is in our DNA. Our associates' safety, health and wellness are our top priority, and we continue to identify and implement ways to ensure each associate can go home safely to their family and friends each day. Our teams have achieved a 34% reduction in lost-time incident rate from 2022-24, and our recordable incident rate remains consistently below the industry averages for Truck Transportation and Wholesale Trade.
2024 lost-time incident rate
2022-2024 work-related fatalities
reduction in lost-time incident rate
recordable incident rate
We estimate that new vehicles in our fleet consume 16% less fuel than the vehicles they replaced. We continue to replace older vehicles, particularly those we acquire through acquisition activity. In 2024, we replaced 62 vehicles with an average age of 12 years old, with an estimated savings of 10,000 gallons of fuel last year.
new vehicles consume 16% less fuel
estimated savings of 10,000 gallons last year
We strive to be a great place to work for all our associates. We believe our associates are the key drivers of our success and work to offer competitive compensation and benefits, training, policies and practices to support their safety, wellness and career growth & development.
This report is based on the framework published by the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) as well as feedback from our associates, customers, suppliers, and shareholders.