Porsche Financial Services, Inc., a subsidiary of the renowned Porsche AG, is headquartered in the United States and operates primarily across North America. Established to support the luxury automotive market, the company has carved a niche in providing tailored financial solutions for Porsche customers, including leasing, financing, and insurance services. Since its inception, Porsche Financial Services has achieved significant milestones, enhancing the ownership experience for Porsche enthusiasts. Its unique offerings, such as flexible leasing options and competitive financing rates, set it apart in the automotive finance industry. With a strong market position, Porsche Financial Services continues to be a trusted partner for those seeking to invest in the iconic Porsche brand, reflecting the company's commitment to excellence and customer satisfaction.
How does Porsche Financial Services, 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.
Mean score of companies in the Machinery Rental 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.
Porsche Financial Services, Inc.'s score of 67 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Porsche Financial Services, Inc., headquartered in the US, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Dr. Ing. h.c. F. Porsche AG, which cascades its climate commitments and emissions data down to its subsidiaries. Porsche Financial Services inherits its climate initiatives from its parent company, Dr. Ing. h.c. F. Porsche AG, which is actively engaged in various sustainability efforts. These include commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP), both of which are aimed at reducing greenhouse gas emissions across their operations. While specific reduction targets for Porsche Financial Services are not detailed, the overarching goals set by Dr. Ing. h.c. F. Porsche AG reflect a commitment to sustainability and climate action. The company is also linked to Volkswagen AG, which has its own climate initiatives, further influencing Porsche Financial Services' environmental strategies. In summary, while Porsche Financial Services, Inc. does not currently provide specific emissions data or reduction targets, it is aligned with the broader climate commitments of its parent company and the Volkswagen Group, focusing on sustainability and responsible environmental practices.
Access structured emissions data, company-specific emission factors, and source documents
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 46,903,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 89,395,000 | 00,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 00,000,000 |
| Scope 3 | 6,515,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
Porsche Financial Services, Inc.'s Scope 3 emissions, which increased significantly last year and increased significantly since 2014, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 66% of Scope 3 emissions.
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Porsche Financial Services, Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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