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 13 is lower than 56% 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 significant increase from 2021, where emissions were about 34,704,000 kg CO2e, with Scope 1 at 23,544,000 kg CO2e and Scope 2 at 10,826,000 kg CO2e. Penske Automotive Group has set ambitious climate commitments, particularly in collaboration with Shell Oil Company, aiming for a carbon-neutral motorsports facility by 2030. This initiative is part of a broader strategy to achieve a negative carbon footprint for the Indianapolis Motor Speedway and the NTT INDYCAR Series. Additionally, the company has outlined long-term goals for a 65% reduction in Scope 1 and Scope 2 emissions by 2050. The emissions data is cascaded from Penske Automotive Group, Inc., reflecting its current subsidiary status. The company is actively working towards integrating carbon-neutral practices across its operations, although specific Scope 3 emissions data has not been disclosed.
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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.
