LKQ Europe steps closer to net-zero emissions

Firm focuses on responsible environmental, social, and governance practices

LKQ Europe steps closer to net-zero emissions

LKQ Europe, has reaffirmed its commitment to becoming a net-zero emissions company by 2050.

LKQ Corporation recently revealed its 2021 Sustainability Report outlining the company’s ongoing focus on responsible environmental, social, and governance (“ESG”) practices, including documentation of how LKQ is promoting diversity, employee training, and safety.

Today, LKQ is the world’s largest recycler of vehicles and the world’s largest alternative and aftermarket parts and services provider.

Its operations recycle more than 90 per cent of the materials from procured vehicles.

In 2021 LKQ Corporation procured 780,000 vehicles, resulting in 2.1 million tires, and 1.1 million tons of crush auto scrap.

13.8 million recycled parts were sold last year.

The company’s efforts are framed by the Sustainable Development Goals (SDG) of the United Nations.

LKQ is engaging in sustainability projects that will positively influence its customers, the climate and environment, its employees, the society, and communities.

“At LKQ Europe, our sustainability approach is based on the three pillars planet, people and communities. As the leading distributor of automotive aftermarket parts in Europe with a state-of-the-art distribution network our main focus is set on emission reduction,” says Arnd Franz, CEO of LKQ Europe.

“We are developing sustainable business solutions in all areas and regions, reducing the CO2 emissions of our businesses, driving employee engagement, and supporting the communities we are operating in.

“We are on a continuous path towards becoming a net-zero emissions company by 2050.”

LKQ contributes to a sustainable society, enhancing the safety, reliability, and lifetime of cars by applying circular economy principles to its business model.

This includes repair, remanufacturing, and recycling of car parts, saving valuable resources.

Last year alone, LKQ’s global remanufacturing operations were able to save an estimated 26,000 tons of raw material, 208,000 MWh of electricity, and 43,000 tons of CO2.

Currently LKQ Europe is investigating future solutions for traction battery handling, expecting around 34 million installed high-voltage batteries in the battery-electric vehicle fleet in Europe alone by 2030, that will eventually need to be repaired, remanufactured, reused, or recycled.

In May 2021, LKQ Corporation acquired Green Bean Battery, a hybrid battery reconditioner and installer, which developed a proprietary hybrid battery reconditioning process that creates a more reliable battery while simultaneously extending its useful life for hybrid vehicles.

LKQ is contributing to the targets of the Paris Agreement, working on an emissions sustainability roadmap with the goal to reduce global Scope 1 and Scope 2 emissions by 30% by 2030 compared to the 2021 baseline relative to revenue.

Pilot projects with battery-electric and HVO-fuel-powered delivery vans, are currently running in different countries and will guide the roadmap to net zero in 2050.

First results are promising and some of the new delivery cars have already been integrated into our local branch network for last mile deliveries.

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