Shift Technologies, Inc.
Shift Technologies, Inc., commonly referred to as Shift, is a prominent player in the automotive technology industry, headquartered in the United States. Founded in 2013, the company has rapidly evolved, focusing on transforming the way consumers buy and sell used vehicles through its innovative online platform. With a strong presence in major operational regions across the US, Shift offers a unique blend of services, including vehicle inspections, financing options, and a seamless online purchasing experience. Their commitment to transparency and customer satisfaction sets them apart in a competitive market. Notable achievements include significant funding rounds and partnerships that have bolstered their market position, making Shift a trusted name in automotive e-commerce.
DitchCarbon Score
How does Shift Technologies, 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 Retail Trade Services 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
Shift Technologies, Inc.'s score of 26 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shift Technologies, Inc.'s reported carbon emissions
In 2022, Shift Technologies, Inc. reported carbon emissions associated with its operations, focusing on specific scopes of emissions. The company disclosed that its Scope 1 emissions, primarily from maintenance activities, amounted to approximately 30.02 kg CO2e per home managed. Additionally, the carbon emissions from business mileage, classified under Scope 3, were reported at about 3.59 kg CO2e per employee. Shift Technologies has set ambitious reduction targets aimed at enhancing its sustainability efforts. The company aims for a significant reduction of 71.86% in both Scope 1 and Scope 2 emissions by 2030, with the baseline year being 2020. This target is based on the number of homes managed that meet or exceed Energy Performance Certificate (EPC) rating C, which currently includes about 27,204 properties, representing 71.86% of its total stock. As of now, there are no emissions data cascaded from a parent company, indicating that Shift Technologies operates independently in its climate commitments. The company is actively working towards its goals, demonstrating a commitment to reducing its carbon footprint and contributing to broader climate action initiatives.
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.
Shift Technologies, 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.
