Avis Budget

Avis Budget Group, headquartered in the US and operating within the motor vehicles, trailers and semi-trailers industry, has established a significant climate commitment. The company aims to reduce its absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 30% from a 2018 base year by 2030.

Emissions Data:

• 2024: Avis Budget Group reported approximately 6.26 billion kg CO2e in Scope 1 and 2 emissions. This included around 6.22 billion kg CO2e for Scope 1 and approximately 41.63 million kg CO2e for Scope 2. Scope 3 emissions for this year included approximately 831,000 kg CO2e from business travel and about 16.13 million kg CO2e from waste generated in operations.
• 2023: Total Scope 1 and 2 emissions were approximately 6.39 billion kg CO2e, comprising around 6.35 billion kg CO2e for Scope 1 and about 37.30 million kg CO2e for Scope 2. Scope 3 emissions included approximately 1.33 million kg CO2e for business travel and about 14.57 million kg CO2e from waste generated in operations.
• 2022: Scope 1 and 2 emissions totalled approximately 5.71 billion kg CO2e, with Scope 1 accounting for about 5.67 billion kg CO2e and Scope 2 for approximately 37.78 million kg CO2e. Scope 3 emissions included around 805,000 kg CO2e from business travel and approximately 17.00 million kg CO2e from waste.
• 2021: Scope 1 and 2 emissions were approximately 4.96 billion kg CO2e, with Scope 1 being about 4.92 billion kg CO2e and Scope 2 around 42.48 million kg CO2e. Scope 3 emissions included approximately 218,000 kg CO2e for business travel and about 12.64 million kg CO2e from waste.
• 2020: Scope 1 and 2 emissions were approximately 4.96 billion kg CO2e, with Scope 1 at about 4.92 billion kg CO2e and Scope 2 at approximately 37.77 million kg CO2e. Scope 3 emissions were not disclosed for this year. It's noted that in 2020, COVID-19 impacts led to a 28% decrease in Scope 1 and 2 emissions compared to 2018.
• 2019: Scope 1 and 2 emissions were approximately 7.00 billion kg CO2e, consisting of about 6.95 billion kg CO2e for Scope 1 and around 43.23 million kg CO2e for Scope 2. Scope 3 emissions were not disclosed.
• 2018: Scope 1 and 2 emissions were approximately 6.87 billion kg CO2e, with Scope 1 at about 6.83 billion kg CO2e and Scope 2 at around 45.04 million kg CO2e. Scope 3 emissions included approximately 2.27 million kg CO2e for business travel and about 14.04 million kg CO2e from waste.

Climate Commitments and Targets:

Avis Budget Group is committed to reducing its absolute Scope 1 and 2 GHG emissions by 30% by 2030, using 2018 as the baseline year. As of year-end 2022, the company had achieved a 17% reduction in absolute Scope 1 and 2 GHG emissions against this 2018 baseline. This target covers the company's entire Scope 1 and 2 GHG emissions. The company is actively assessing and managing climate-related risks and opportunities to achieve these goals. While Scope 3 emissions are partially disclosed, the primary reduction targets focus on Scope 1 and 2.