Penske Automotive Group Inc
Penske Automotive Group Inc., a leading player in the automotive retail industry, is headquartered in the United States. Founded in 1990, the company has established a strong presence across North America and the United Kingdom, operating over 300 retail automotive franchises. Specialising in the sale of new and used vehicles, Penske also offers automotive parts, service, and financing solutions, distinguishing itself through exceptional customer service and a diverse portfolio of brands. With a commitment to innovation and sustainability, Penske Automotive Group has achieved significant milestones, including recognition as one of the largest automotive retailers in the world. The company’s strategic acquisitions and partnerships have solidified its market position, making it a trusted name in the automotive sector.
DitchCarbon Score
How does Penske Automotive Group Inc'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 Land Transportation 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
Penske Automotive Group Inc's score of 21 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Penske Automotive Group Inc's reported carbon emissions
In 2021, Penske Automotive Group Inc reported significant carbon emissions, totalling approximately 521,573,000 kg CO2e for Scope 1, 12,090,000 kg CO2e for Scope 2, and a substantial 12,254,093,000 kg CO2e for Scope 3 emissions globally. In the UK, their emissions were about 23,544,000 kg CO2e for Scope 1 and 10,826,000 kg CO2e for Scope 2. Penske has set ambitious climate commitments, aiming for carbon neutrality in their motorsports facilities by 2030, in collaboration with Shell Oil Company. This initiative focuses on integrating carbon-neutral strategies at the Indianapolis Motor Speedway and throughout the NTT INDYCAR Series. Additionally, they are working towards a carbon-neutral footprint in partnership with major customers, targeting energy-saving actions in warehouse locations. Penske's long-term goals include a 65% reduction in Scope 1 and Scope 2 emissions by 2050, reflecting their commitment to sustainable practices and reducing their overall carbon footprint.
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| 2021 | |
|---|---|
| Scope 1 | 521,573,000 |
| Scope 2 | 12,090,000 |
| Scope 3 | 12,254,093,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Penske Automotive Group Inc is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
