Frontdoor Releases its 2023 Corporate Sustainability Report
January 29 2024 - 9:00AM
Business Wire
Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of
home warranty plans with about two million members, published its
2023 corporate sustainability report highlighting the company’s
continued efforts and its commitment to strengthening its
environmental, social and governance (ESG) initiatives as a service
provider and global corporate citizen.
“The 2023 report captures our progress on a number of important
governance, social and environmental initiatives,” said Frontdoor,
Inc. Chairman and CEO Bill Cobb. “These efforts underscore our
innovation and commitment to responsible and sustainable
solutions.”
Highlights of the Frontdoor 2023 sustainability report
include:
- Frontdoor is committed to building a tech-forward skilled
trades pipeline by raising awareness about rewarding career options
in the skilled trades, and their essential role in sustaining our
economy, society and homeownership.
- As a digital-first company, Frontdoor has continued to
prioritize the safety of data for its members and contractors. The
company continuously invests in data privacy and security
safeguards, and actively manages its cybersecurity risk through
methods such as system enhancements and reviews of systems prior to
production.
- Frontdoor launched Our Voice, an employee engagement survey,
and its results helped the company identify areas where it can
enhance its diversity, equity and inclusion initiatives, refine its
policies and procedures, and develop meaningful training
programs.
- The company is further leveraging its Streem technology to
remotely diagnose home repair and maintenance issues, which can
enable members to self-repair and reduce the carbon footprint among
its contractor network by reducing truck rolls.
- The company unveiled Frontdoor, a first of its kind mobile app
that will change how homeowners maintain and repair their homes.
It’s a one-stop-app for home repair and maintenance using augmented
reality and video collaboration tools.
To download the company’s full sustainability report, visit
frontdoorhome.com. The report incorporates disclosures under
both the Sustainability Accounting Standards Board (SASB) and Task
Force for Climate-related Financial Disclosure (TCFD)
frameworks.
About Frontdoor
Frontdoor is reimagining how homeowners maintain and repair
their most valuable asset – their home. We bring over 50 years of
experience in providing our members with comprehensive options to
protect their homes from costly and unexpected breakdowns through
our extensive network of pre-qualified professional contractors.
American Home Shield, the category leader in home warranty plans
with approximately two million members, gives homeowners budget
protection and convenience, covering up to 23 essential home
systems and appliances. Frontdoor is a cutting edge, one-stop-app
for home repair and maintenance. Enabled by our Streem technology,
the app empowers homeowners by connecting them in real time through
video chat with pre-qualified experts to diagnose and solve their
problems. The Frontdoor app also offers homeowners a range of other
benefits including DIY tips, discounts and more. For more
information about American Home Shield and Frontdoor, please visit
frontdoorhome.com.
Forward Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management's current
expectations and beliefs, as well as a number of assumptions
concerning future events. These statements are subject to risks,
uncertainties, assumptions, and other important factors. Readers
are cautioned not to put undue reliance on such forward-looking
statements, because actual results may vary materially from those
expressed or implied. The reports filed by Frontdoor pursuant to
United States securities laws contain discussions of these risks
and uncertainties. Frontdoor assumes no obligation to, and
expressly disclaims any obligation to, update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Readers are advised to review
Frontdoor's filings with the United States Securities and Exchange
Commission (which are available on the SEC's EDGAR database at
www.sec.gov and via Frontdoor’s
website at investors.frontdoorhome.com).
FTDR-Company
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version on businesswire.com: https://www.businesswire.com/news/home/20240129646484/en/
Media Contact: Alison Bishop
mediacenter@frontdoor.com
Investor Relations Matt Davis 901.701.5199
IR@frontdoor.com
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