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OrganisationsPenske Automotive Group Inc
Penske Automotive Group Inc logo

Penske Automotive Group Inc

Land TransportationUnited StatesNYSE: PAG
Last verified 9 months agopenske.com

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.

18
DitchCarbon score

-2 vs industry average

Penske Automotive Group Inc’s score of 18 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very High

Land Transportation is among the most carbon-intensive industries

Industry performance

0.629
20182025

The Land Transportation industry has reduced its overall emissions by 27% since 2018

Emissions trajectory 2020 – 2024

00.0B00B0.0B0.0B0

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20202021202220232024

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Penske Automotive Group Inc's reported carbon emissions

In 2021, Penske Automotive Group Inc. reported total carbon emissions of approximately 12.3 billion kg CO2e. This figure includes Scope 1 emissions of about 521.6 million kg CO2e, Scope 2 emissions of approximately 12.1 million kg CO2e, and Scope 3 emissions of around 12.2 billion kg CO2e. The data is cascaded from the parent company, Penske Automotive Group, Inc.

Penske has set ambitious climate commitments, aiming for a 65% reduction in Scope 1 and Scope 2 emissions by 2050. Additionally, they are collaborating with Shell Oil Company to develop a carbon-neutral motorsports facility at the Indianapolis Motor Speedway, with a target to achieve a negative carbon footprint by 2030. This initiative reflects Penske's commitment to integrating sustainability into their operations and partnerships.

Overall, Penske Automotive Group is actively working towards significant emissions reductions and climate neutrality, aligning with industry standards and expectations for corporate responsibility in addressing climate change.

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Penske Automotive Group Inc’s Climate Goals (2030 & 2050)

8 goals

2050

65% reduction in Scope 2

By 2050: 65% reduction in scopes 1 & 2

Insufficient data65%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 8 climate goals

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Penske Automotive Group Inc logoPenske Automotive Group Inc
USLand Transportation
9 months ago
18
Toyota logoToyota
JPMotor Vehicle Manufacturing
22 hours ago
93
View
Stellantis logoStellantis
NLMotor Vehicle Manufacturing
23 hours ago
83
View
General Motors logoGeneral Motors
USMotor Vehicle Manufacturing
22 hours ago
81
View
Honda logoHonda
JPAutomobile Manufacturing
17 hours ago
81
View
Tesla logoTesla
USMotor Vehicle Manufacturing
20 hours ago
34
View
O'Reilly Auto logoO'Reilly Auto
USRetail Trade Services
2 days ago
21
View

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You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

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data come from?

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Ditchcarbonv260721.1
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