Shift Technologies, Inc. Sustainability Profile
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 55% 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, related to maintenance CO2e emissions per home managed, amounted to approximately 30.02 kg CO2e per home. 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 in emissions from both Scope 1 and Scope 2 by achieving a target of 71.86% of its properties reaching Energy Performance Certificate (EPC) C or above by 2030. This target reflects a commitment to improving energy efficiency across its housing stock, which includes 27,204 properties. Currently, there are no emissions data cascaded from a parent organisation, as Shift Technologies operates independently in this regard. The company continues to focus on its climate commitments and reduction initiatives, aligning with industry standards for sustainability and carbon management.
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Shift Technologies, Inc.'s Climate Goals (2030 & 2050)
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.
Shift Technologies, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
