Avis Budget Sustainability Profile
Avis Budget Group, Inc., headquartered in the United States, is a leading player in the car rental industry, renowned for its comprehensive range of mobility solutions. Founded in 1946, the company operates under well-known brands such as Avis, Budget, and Zipcar, serving customers across North America, Europe, and Asia-Pacific. With a focus on both leisure and business travel, Avis Budget offers a diverse fleet of vehicles, including economy cars, luxury vehicles, and SUVs, catering to various customer needs. The company is distinguished by its commitment to innovation, exemplified by its user-friendly mobile app and flexible rental options. As a prominent entity in the car rental market, Avis Budget Group has achieved significant milestones, including the expansion of its electric vehicle offerings, positioning itself as a forward-thinking leader in sustainable transportation solutions.
DitchCarbon Score
How does Avis Budget's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Avis Budget's score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Avis Budget's reported carbon emissions
In 2023, Avis Budget Group reported total greenhouse gas emissions of approximately 6,349,360,000 kg CO2e for Scope 1, 37,296,000 kg CO2e for Scope 2, and 14,566,000 kg CO2e for waste generated in operations under Scope 3. The company has set a long-term target to reduce absolute Scope 1 and 2 emissions by 30% from a 2018 baseline by the year 2030. As of the end of 2022, Avis Budget achieved a 17% reduction in these emissions since 2018, demonstrating progress towards its goal. In 2022, the global emissions were reported as 5,672,858,000 kg CO2e for Scope 1 and 37,779,000 kg CO2e for Scope 2, with additional Scope 3 emissions of 8,050,000 kg CO2e from business travel. The company experienced a significant reduction of 28% in Scope 1 and 2 emissions in 2020 due to the impacts of COVID-19, which led to a decrease in fleet size. Avis Budget's commitment to sustainability is reflected in its comprehensive emissions reduction strategy, which encompasses all operational aspects. The company aims to balance growth with environmental responsibility, aligning its climate initiatives with industry standards and best practices.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 6,827,371,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 45,043,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
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Avis Budget's Scope 3 Categories Breakdown
Avis Budget's Scope 3 emissions, which decreased by 11% last year and increased by approximately 24% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Waste Generated in Operations" being the largest emissions source at 92% of Scope 3 emissions.
Top Scope 3 Categories
Avis Budget's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Avis Budget has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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