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 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. This reflects a reduction in emissions from 2021, where Scope 1 emissions were about 52,157,300 kg CO2e globally, and Scope 2 emissions were approximately 12,090,000 kg CO2e. Notably, in the UK for 2021, Scope 1 emissions were around 23,544,000 kg CO2e, and Scope 2 emissions were about 10,826,000 kg CO2e. Penske has set long-term climate commitments, aiming for carbon neutrality in its operations. The company is collaborating with Shell Oil Company to develop a carbon-neutral strategy for the Indianapolis Motor Speedway and the NTT INDYCAR Series, targeting a negative carbon footprint by 2030. This initiative encompasses both Scope 1 and Scope 2 emissions. Overall, Penske Automotive Group is actively working towards significant emissions reductions, with a focus on integrating sustainable practices across its operations and partnerships.
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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.
