On May 31, LKQ Corporation announced the company's 2022 Global Sustainability Report, which displays its achievements in environmental leadership, employee engagement and diversity, safety, and operations.
In 2022, LKQ accomplished several ESG milestones, which include processing 770,000 vehicles and recycling over 97 million pounds of aluminium, nearly 7 million pounds of copper, and over 123 million pounds of scrap steel.
The President and Chief Executive Officer, Dominick Zarcone, commented: “As the largest vehicle recycler in the world, sustainability is core to our business and our success. Our strong environmental stewardship complements our commitment to our employees and communities. This year’s report highlights what we are doing around the globe to promote sustainability, equity and advancement throughout our organization.”
Additionally, LKQ has made significant progress towards their goal of achieving net zero Scope 1 and 2 greenhouse gas emissions globally by 2050 and reducing their emissions by 30% compared to their 2021 baseline relative to revenue by 2030.
LKQ has also initiated various programs, such as transitioning to lower greenhouse gas or zero-emission vehicles and investing in renewable energies like photovoltaic solar panels. Moreover, LKQ has launched their first Inclusion Group, the LKQ Veterans Network, to empower its esteemed community of expert employees.
They have also adopted a Global Supplier Code of Conduct to address human rights, labour practices, and environmental standards for their suppliers. Lastly, the LKQ Community Foundation donated nearly $3 million to charitable causes in health and human services, technical or general education, and environment/recycling, aiding first responders, police, fire, and military/veterans.
As a leading provider of alternative and speciality parts to repair and accessorize automobiles and other vehicles, LKQ has operations in North America, Europe, and Taiwan, offering a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational or heavy duty vehicles.
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