Paccar

Paccar's Climate Commitments and Emissions Overview

For the fiscal year 2024, Paccar reported total global greenhouse gas emissions of approximately 112.3 billion kg CO2e. This encompasses Scope 1, Scope 2, and Scope 3 emissions. Of this total, Scope 3 emissions represented the vast majority, amounting to about 112.2 billion kg CO2e. Key contributors to Paccar's Scope 3 emissions in 2024 included the use of sold products (approximately 107.6 billion kg CO2e) and upstream transportation and distribution (about 2.1 billion kg CO2e). Scope 1 emissions for 2024 were approximately 105.9 million kg CO2e, and Scope 2 emissions, based on market-based reporting, were approximately 93.7 million kg CO2e.

In 2018, Paccar's Scope 1 and Scope 2 emissions totalled approximately 293 million kg CO2e, with Scope 3 emissions at about 82.9 billion kg CO2e.

Paccar has set ambitious climate targets. The company is committed to a Science Based Target (SBT) for Scope 1 and 2 emissions, aiming for a 35% absolute reduction by 2030 from a 2018 baseline year. This target is based on SBTi's other industry sectoral decarbonisation approach (SDA) using the absolute contraction method for well below 2°C. In addition, Paccar has a near-term target to reduce Scope 3 greenhouse gas emissions from the use of sold products by 25% per vehicle-kilometre (vkm) by 2030, also from a 2018 base year. More recently, Paccar has committed to reduce absolute Scope 1 GHG emissions by 42% and absolute Scope 2 GHG emissions by 42% by FY2030, using a FY2022 base year. Paccar also has a long-term commitment to achieve net zero by 2050.

Paccar operates within the motor vehicles, trailers and semi-trailers (34) industry and is headquartered in the US.