Snap One Holdings Corp. Releases Inaugural Sustainability Report

Rhea-AI Summary

Snap One Holdings Corp. (SNPO) releases its inaugural Sustainability Report, emphasizing commitment to responsible and sustainable practices. The report highlights awards for resource efficiency, high employee engagement, carbon accounting tool adoption, and governance policies.

Positive

• Recognition through awards for solutions promoting resource efficiency and data security
• High employee engagement with an 82% score and 92% response rate
• Adoption of carbon accounting software tool, Persefoni AI Inc., for data accuracy and analysis
• Implementation of transparency and compliance policies in governance practices

Negative

• None.

CHARLOTTE, N.C., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One” or the “Company”), a provider of smart living products, services, and software to professional integrators, today announced the release of its inaugural Sustainability Report.

“Our inaugural Sustainability Report emphasizes our commitment towards building a responsible and sustainable practice that benefits our customers, employees, and our planet,” said John Heyman, CEO of Snap One. “I am confident the initiatives outlined in this report align with our overarching strategy of enhancing the lives of our end users and stakeholders. Through our inclusive work environment, we continue to drive a positive impact for our communities while upholding the highest standards with our partners to ensure our products improve energy efficiency for our customers’ homes. Our sustainability initiatives will continue to set the foundation of making lives more enjoyable, connected, and secure.”

Key highlights from Snap One’s inaugural Sustainability Report include:

• Recognized through numerous awards and accolades for creating solutions that enable resource efficiency and enhance data security and privacy for integrators and end customers
• Upheld the Company’s tenet to “Be the Best Place to Work” with an 82% Employee Engagement Score and a 92% response rate. This meant 82% of Snap One employees responded positively to statements such as, “I am proud to work at Snap One,” “I intend to stay with Snap One for at least the next 12 months,” “I would recommend Snap One as a great place to work,” and “My work gives me a sense of personal accomplishment.”
• Implemented a carbon accounting software tool, Persefoni AI Inc., to enhance Snap One’s data collection and reporting accuracy, timeliness, and the ability to expand and analyze third-party data
• Adopted internal and publicly facing policies to increase transparency and compliance within Snap One’s governance practices

Snap One’s sustainability strategy is based on four underlying principles:

• People – Creating a safe environment with equitable and inclusive employee experiences
• Product – Creating solutions that enable resource efficiency and enhance security and privacy for end customers and partners
• Planet – Minimizing the Company’s carbon footprint and improving the sustainability of its operations
• Principled Governance – Committing to governance practices and policies that promote high ethical standards and maximize the long-term interests of Snap One stakeholders

Snap One’s complete 2023 Sustainability Report is available for download on Snap One’s investor relations website at investors.snapone.com.

About Snap One
As a leading distributor of Smart Living technology, Snap One empowers its vast network of professional integrators to deliver entertainment, connectivity, control, and security solutions to residential and commercial end customers worldwide. Snap One distributes an expansive portfolio of proprietary and third-party products through its intuitive online portal and local branch network, blending the benefits of e-commerce with the convenience of same-day pickup. In addition to products, the Company provides software, award-winning support, and digital workflow tools to help its integrator partners build thriving and profitable businesses. Additional information about Snap One can be found at snapone.com.

Contacts

Media:

Danielle Karr
Director, Public Relations & Events
Danielle.Karr@SnapOne.com

Investors:

Tom Colton and Chris Adusei-Poku
Gateway Group
(949) 574-3860
IR@SnapOne.com

FAQ

What is the ticker symbol for Snap One Holdings Corp.?

SNPO

What are the key highlights of Snap One's inaugural Sustainability Report?

The highlights include awards for resource efficiency, high employee engagement, carbon accounting tool adoption, and governance policies.

Where can Snap One's complete 2023 Sustainability Report be downloaded?

The complete report is available for download on Snap One's investor relations website at investors.snapone.com.

What principles is Snap One's sustainability strategy based on?

The sustainability strategy is based on People, Product, Planet, and Principled Governance.

What is the Employee Engagement Score mentioned in the report?

The Employee Engagement Score is 82% with a 92% response rate.

Which carbon accounting software tool did Snap One adopt?

Snap One adopted Persefoni AI Inc. to enhance data collection and reporting accuracy.