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 19 is higher than 85% 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 2022, Penske Automotive Group Inc reported total carbon emissions of approximately 25,477,000 kg CO2e for Scope 1 and about 7,936,000 kg CO2e for Scope 2, totalling around 33,413,000 kg CO2e. This data highlights the company's ongoing commitment to monitoring and managing its carbon footprint. Penske's emissions data from 2021 indicates a significantly higher total of approximately 52,157,300 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. This suggests a notable focus on reducing emissions in its operations, particularly in Scope 1 and 2, which are directly under the company's control. The company has set ambitious climate commitments, including a multi-year initiative in collaboration with Shell Oil Company to achieve a carbon-neutral motorsports facility by 2030. This initiative aims to integrate carbon-neutral messaging throughout the Indianapolis Motor Speedway and the NTT INDYCAR Series, reflecting Penske's dedication to sustainability in its operations. Penske Automotive Group is also exploring energy-saving actions in collaboration with major customers, targeting a carbon-neutral footprint in warehouse locations by 2050. This long-term strategy aligns with industry trends towards significant reductions in carbon emissions, with goals of up to 65% reduction in Scope 1 and 2 emissions by 2050. Overall, Penske Automotive Group Inc is actively working towards reducing its carbon emissions and enhancing its sustainability practices, demonstrating a commitment to addressing climate change within the automotive industry.
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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.
