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 57% 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 33,913,000 kg CO2e, comprising 25,477,000 kg CO2e from Scope 1 and 7,936,000 kg CO2e from Scope 2 emissions. This data reflects a commitment to transparency in their climate impact, although no Scope 3 emissions data was disclosed for this year. Comparatively, in 2021, the company recorded 23,544,000 kg CO2e in Scope 1 and 10,826,000 kg CO2e in Scope 2 emissions, indicating a notable increase in emissions in 2022. The emissions data for 2021 on a global scale included 521,573,000 kg CO2e from Scope 1, 12,090,000 kg CO2e from Scope 2, and a significant 12,254,093,000 kg CO2e from Scope 3, highlighting the extensive carbon footprint associated with their operations. Penske Automotive Group 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, targeting a negative carbon footprint for these venues. The company is also focused on long-term goals, aiming for a 65% reduction in Scope 1 and Scope 2 emissions by 2050. These commitments reflect Penske's proactive approach to addressing climate change and reducing their overall carbon emissions in alignment with industry standards.
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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.
