We are pleased to have published our 2022 ESG Report which
highlights the Company's environmental, social, and governance
(ESG) strategies, activities, progress, metrics, and performance
for 2021, which is available on our website under the tab “ESG.”
The report is responsive to the Sustainability Accounting Standards
Board (SASB) Multiline & Specialty Distributors sector standard
and includes additional disclosures responsive to the framework
established by the Task Force on Climate-related Financial
Disclosures. We are committed to regular, transparent communication
of our progress and look forward to bringing our stakeholders along
with us on this journey. We encourage you to review our ESG report,
which includes additional detail in regard to certain our key
efforts highlighted below.
Community Participation. We believe community
participation and charitable giving enrich the neighborhoods where
we work, live and play. We are proud of these efforts and we
encourage participation by all dealerships and employees, including
through our commitment to the Paralyzed Veterans of America
(“PVA”). Since 2015, our dealerships have supported the PVA, an
organization working to ensure paralyzed and disabled veterans
receive the care, benefits, and job opportunities they deserve.
Each year, we match certain donations from our customers and team
members to the PVA and have contributed more than $8.5 million
to the group. As a company with a presence spanning four
continents, we are able to make positive impacts well beyond the
borders of the communities where our dealerships are located. After
the outbreak of the war in Ukraine, we and our affiliate Penske
Transportation Solutions made a $1 million contribution to
World Central Kitchen, an organization working to supply meals to
those in need at the frontlines of humanitarian, climate, and
community crises. We encouraged team members to also donate to this
cause, raising over $150,000 from employees.
Environmental Sustainability-Electric Vehicles. Our dealerships sell and
service vehicles that are engineered and manufactured by over 35 of
the world’s automotive OEMs. Our new car dealerships sell the
full suite of vehicles offered by our manufacturer partners,
including hybrid, plug-in hybrid and pure electric vehicles
(“EVs”). EVs can reduce the emissions that contribute to climate
change and smog, improving public health and reducing ecological
We encourage the sale and use of EVs and are actively placing
charging stations across our network to facilitate a reliable
infrastructure for their use. As of December 31, 2022, our
network of EV charging stations across the U.S. and the U.K.
totaled over 1,600, including a combination of Level 1 (standard),
Level 2 (240V), and Level 3 (fast charging) capabilities. We expect
to install additional charging stations to support EVs as our
manufacturer partners introduce more of these products to the
marketplace. We estimate that approximately 23% of our new vehicles
sold in 2022 in the U.S. and U.K. combined were either electric or
hybrid electric vehicles.
Managing our Energy Use and Reducing Waste. We are committed to
monitoring and managing our energy use and the environmental
impacts of our business. We recognize our responsibility to
advocate for a cleaner environment through self-awareness,
leveraging our global partnerships, promoting cleaner driving
vehicles through our dealerships and reducing pollution and waste.
We have deployed several strategies for reducing or optimizing our
energy use, such as installing LED lighting, occupancy sensors,
energy-efficient glass, and high-efficiency heating, ventilation
and air conditioning (HVAC) systems.
We are committed to reducing the environmental impact of waste
produced at our facilities. We deploy several strategies to ensure
the efficient use of resources and responsible disposal of waste,
including hazardous waste, and use third parties to manage, collect
and process recycling for many of the materials that go through our
service departments. Other strategies to reduce pollution and waste
include recycling worn-out tires collected from participating U.S.
retail dealerships and eliminating the use of paper for internal
communications and customer documentation.
Human Capital, Diversity, Equity and Inclusion. We believe that our
employees are our greatest asset. We understand that exceptional
customer service can only be consistently delivered by attracting,
motivating, training, and retaining the very best team members.
With this in mind, we put our employees at the heart of everything
that we do by developing their talent and enabling them to build
We are committed to building a diverse and skilled workforce while
providing a work environment that promotes equity and is free from
any form of discrimination on the basis of race, color, creed,
religion, sex (including breast feeding and related medical
conditions), pregnancy, sexual orientation, gender identity and
expression, marital status, national origin, ancestry, citizenship
status, uniform service member and veteran status, age, genetic
information, protected medical condition, disability, or any other
protected status in accordance with all applicable federal, state,
and local laws.
Investor Outreach. We have an investor
outreach program that aims to engage prospective and current
shareholders throughout the year. Engagement activities includes
participation in industry conferences and events, sell-side
research conferences, one-on-one meetings with current and
potential investors, quarterly financial results conference calls,
and visits to our locations.