Avis Budget Group Inc

Common Name
Avis Budget Group
Country
United States
Sector
Industrials
Industry
Rental & Leasing Services
Employees
17,000
Ticker
CAR
Exchange
NASDAQ/NGS
Description
Avis Budget Group Inc. is a prominent provider in the vehicle rental and car sharing industry, operating through its well-recognized brands including Avis, Budget, and Zipcar. Its primary function is ...

Avis Budget Group's Climate Target Data Preview

As of 2024, Avis Budget Group has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Avis Budget Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030

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Insights into Avis Budget Group's Greenhouse Gas Emissions Pathways

As of 2024, Avis Budget Group has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Avis Budget Group have a target to reduce the emissions from its operations?

As of 2024, Avis Budget Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Avis Budget Group's most ambitious operational target is to reduce these emissions by 30% by 2030, compared to a baseline of 6,872,414 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.

As of 2023, Avis Budget Group is lagging behind on its operational emissions reduction target, having achieved 23.57% of the planned reduction.

Avis Budget Group's Operational (Scope 1+2) Emissions Pathway

20182023203002 M4 M6 M8 MCurrent (-7%)Target 2030 (-30%)
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