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 GHG Emissions Data Preview

In 2023, Avis Budget Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Avis Budget Group has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Avis Budget Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Avis Budget Group amounted to 6,386,656 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Avis Budget Group increased by 11.84%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Avis Budget Group's Scope 1 Emissions Over Time

20182019202020212022202302 M4 M6 M8 MtCO2e+2%-29%0%+15%+12%
  • Total Scope 1
  • Year-over-Year Change

What are Avis Budget Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Avis Budget Group were 6,349,360 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Avis Budget Group reduced its Scope 1 emissions over time?

Since 2018, Avis Budget Group's Scope 1 emissions have decreased by 7%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Avis Budget Group's Scope 1 emissions increased by 11.93%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Avis Budget Group's Scope 2 emissions?

In 2023, Avis Budget Group reported Scope 2 greenhouse gas (GHG) emissions of 37,296 tCOâ‚‚e using the location-based method.

Has Avis Budget Group reduced its Scope 2 emissions over time?

Since 2018, Avis Budget Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 17.2%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Avis Budget Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Avis Budget Group 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Avis Budget Group use for Scope 2 reporting?

In 2023, Avis Budget Group reported its Scope 2 emissions using the location-based method.

Avis Budget Group's Scope 2 Emissions Over Time

201820192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Avis Budget Group's Value Chain Emissions

In 2023, Avis Budget Group reported 15,896 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Avis Budget Group includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Avis Budget Group's Scope 3 Emissions Over Time

202020212022202304.5 k9 k13.5 k18 ktCO2e-11%+39%-11%
  • Total Scope 3
  • Year-over-Year Change

What are Avis Budget Group's Scope 3 emissions?

In 2023, Avis Budget Group reported total Scope 3 emissions of 15,896 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Avis Budget Group's Scope 3 emissions decreased by 10.71%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Avis Budget Group disclose?

In 2023, Avis Budget Group reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Avis Budget Group's Scope 3 emissions?

In 2023, the largest contributors to Avis Budget Group's Scope 3 emissions were:

  • Waste Generated in Operations (Cat. 5): 14,566 tCOâ‚‚e (91.63%)
  • Business Travel (Cat. 6): 1,330 tCOâ‚‚e (8.37%)

Avis Budget Group's Scope 3 Emissions by Categories

Waste Generated inOperations (Cat. 5)(91.6%)Business Travel(Cat. 6)(8.4%)

Insights into Avis Budget Group's Total Carbon Footprint

In 2023, Avis Budget Group reported a total carbon footprint of 6,402,552 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.77% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Avis Budget Group's total carbon footprint was Scope 1 emissions, accounting for 99.17% of the company's total carbon footprint, followed by Scope 2 emissions at 0.58%.

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