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LONDON - Inchcape (OTC:INCPY) plc, a prominent global automotive distributor, has released its 2024 Sustainability Report, underscoring its efforts to facilitate a sustainable and inclusive mobility transition. The company operates in 38 markets and emphasizes the importance of adapting to local needs while ensuring that no market falls behind in the shift towards new mobility solutions.
Inchcape’s Sustainability Framework, part of its Accelerate+ strategy, focuses on four key pillars: Planet, People, Places, and Practices. The framework aims to drive efficiencies, enhance competitiveness, and deepen industry partnerships. The report reveals that in 2024, Inchcape made strides in several areas, including doubling the proportion of Battery Electric Vehicles (BEV) sold to 2.3%, launching six electric or new energy vehicle brands, and expanding new energy vehicle sales to over 70% of its markets.
The company also achieved a 37.5% reduction in direct emissions from its 2019 baseline and engaged in community initiatives, such as road safety programs benefiting 10,000 individuals. Employee engagement and inclusion also saw positive trends, with an 82% inclusion score and 778 colleagues enrolled in the Early Careers Programme.
Duncan Tait, Group Chief Executive, emphasized the rapid technological and regulatory changes driving the automotive industry’s transformation. He stated that distributors like Inchcape are pivotal in promoting sustainable mobility. Liz Brown, Chief Strategy and Sustainability Officer, echoed Tait’s sentiments, expressing confidence in Inchcape’s ongoing leadership in growing its global operations sustainably.
Inchcape’s report illustrates its commitment to sustainability and its role in shaping the future of mobility. The company’s efforts to integrate sustainability into its business model reflect a broader trend in the automotive industry towards environmentally responsible practices and technologies.
The information in this article is based on a press release statement from Inchcape plc.
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