RCS - Inchcape PLC - Inchcape publishes 2024 Sustainability Report

InchcapeAnnouncement

22/05/2025 09:01

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RNS Number : 7728J  Inchcape PLC  22 May 2025

 

Inchcape publishes 2024 Sustainability Report

Inchcape highlights role in accelerating an inclusive and long-lasting
mobility transition

 

Inchcape plc, the leading independent global automotive Distributor operating
in 38 markets worldwide, today published its 2024 Sustainability Report,
highlighting progress and reinforcing its important role as an enabler of the
mobility transition.

The automotive industry is undergoing an unprecedented transformation, fuelled
by the rapid advancement of new technologies, a dynamic OEM landscape and
ongoing regulatory shifts. Inchcape's Sustainability Framework sets out its
ambition to accelerate the global mobility transition in a way that is
inclusive, long lasting and locally responsive. Inchcape recognises that the
transition is not uniform, and that its role is to ensure that no market is
left behind, and all customers can access the important benefits of mobility.

Sustainability is central to how the Group operates, strengthening commercial
performance by driving efficiencies across the value chain, enhancing
competitiveness and deepening partnerships with OEMs and industry partners.

Building on measurable progress in 2023, Inchcape continued to drive
Sustainability across its global operations in 2024. It launched its enhanced
Sustainability Framework as part of Accelerate+, which includes delivering
insights, enabling new technologies, and delivering a sustainable route to
market where progress is monitored through four pillars: Planet, People,
Places and Practices.

The report details the progress made in accelerating the global mobility
transition, locally. Highlights include:

-     Delivering insights: Surveying over 6,000 consumers across 13
markets in Asia Pacific and the Americas to better understand their views and
needs around new energy vehicles and engaging with policy makers in Singapore
and Chile to deliver insights on the mobility transition.

-     Enabling new technologies: Doubling the proportion of Battery
Electric Vehicles (BEV) sold to 2.3% (2023: 1.0%), launching six fully
electric or new energy vehicle (NEV) brands, and expanding NEV sales to over
70% of Inchcape's markets.

-     Sustainable route to market: Achieving a 37.5% overall reduction in
direct emissions compared to its 2019 baseline, positively impacting 10,000
community members through road safety programmes, achieving an 82% inclusion
score in the 2024 'Be Heard' colleague engagement score and enrolling 778
colleagues in the Early Careers Programme.

Commenting on the report, Duncan Tait, Group Chief Executive at Inchcape said:
"The transformation underway in the automotive industry is unprecedented,
driven by rapid development of new technologies, a fast-moving OEM landscape
and continued regulatory change. Against this backdrop, the need for a global
transition towards sustainable mobility has become even more important. It is
clear that automotive distributors, like Inchcape, must play an important role
in driving this transition.

As we look towards 2025 and beyond, we remain focused on our purpose: bringing
mobility to the world's communities, for today, tomorrow and for the better."

Liz Brown, Chief Strategy and Sustainability Officer at Inchcape said: "The
pace of change in the mobility sector will only continue to accelerate. As we
navigate this transformation, Inchcape remains dedicated to leading with
insight, responsibility, and innovation as we drive our business forward with
our Accelerate+ strategy.  The journey is far from over, but I am confident
that Inchcape will continue to lead the way in sustainably growing our global
operations across markets."

To read the full report, click here
(https://www.inchcape.com/2024-sustainability-report-the-global-mobility-transition-delivered-locally/?utm_source=referral&utm_medium=RNS&utm_campaign=Sustainability+Report+2024)
.

To view the summary
: http://www.rns-pdf.londonstockexchange.com/rns/7728J_1-2025-5-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7728J_1-2025-5-22.pdf)

About Inchcape

Inchcape is the leading global automotive Distributor, with operations across
six continents. Inchcape works with our mobility company partners in smaller,
more complex and harder-to-reach markets, which tend to be higher growth with
low motorisation rates. By combining our in-market expertise with our unique
technology and advanced data analytics, we create innovative customer
experiences that deliver outstanding performance for our partners - building
stronger automotive brands and creating sustainable growth.

 

Our Distribution platform connects the products of mobility company partners
with customers, and our responsibilities span product planning and pricing,
import and logistics, brand and marketing to operating digital sales, managing
physical sales and aftermarket service channels. Delivering for our partners,
our customers and our people - so they can realise their ambitions in the new
world of mobility. The Group is headquartered in London and employs over
17,000 people globally.

www.inchcape.com (http://www.inchcape.com)

 

Contacts

 Inchcape plc (Investor queries):
 Rob Gurner                                                                                                                                                    +44 (0)7825 189 088                       i (mailto:investors@inchcape.com) nvestors@inchcape.com
                                                                                                                                                                                                         (mailto:investors@inchcape.com)
 Krishma Arora

 DGA Group (media enquiries):
 Karen                                                                                                                                                         +44 (0) 20 7038 7419                      inchcape@dgagroup.com (mailto:inchcape@dgagroup.com)
 Kennedy

 

 

 

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