cleaner mobility
- The new 2024 Sustainability Report highlights a 9% reduction in operational emissions and the incorporation of over 100 new energy models in the Americas.
- The report positions the region as a strategic area for executing the group’s global agenda, leading key advancements in decarbonization, electrification, and social impact programs: the company achieved a 17% market share in new energy vehicles (NEV) in Latam and quadrupled its model portfolio between 2022 and 2024.
Inchcape plc, the world’s leading independent automotive distributor, has today published its 2024 Sustainability Report, reaffirming its ambition to accelerate the transition towards more sustainable, inclusive, and enduring mobility. This edition particularly highlights the progress of the Americas region, which has played a fundamental role in localizing the global sustainability strategy, with concrete results in electrification, emissions reduction, and social impact.
The automotive industry is undergoing an unprecedented transformation. In this context, Inchcape’s Sustainability Framework, a central part of its Accelerate+ strategy, establishes a clear vision: to enable the mobility of the future through solutions that address global challenges while also responding to local realities. Sustainability is now a strategic component driving operational efficiency, improving competitiveness, and strengthening partnerships with OEMs and key stakeholders in every market.
Globally, Inchcape operates in 38 markets and has consolidated its position as a key player in the industry’s transformation, combining local expertise with advanced digital capabilities. The new sustainability framework reinforces the group’s commitment to mobility that is not only low-emission but also inclusive and adapted to local contexts. The company has set a target to reduce absolute Scope 1 and 2 emissions by 46% by 2030 and achieve carbon neutrality by 2040.
In 2024, the Americas region accounted for 37% of the group’s global revenue and 46% of profit before tax, solidifying its position as a key driver of the global business. This economic performance was accompanied by substantial progress across the four pillars of Inchcape’s sustainability framework: Planet, People, Places, and Practices.
«The automotive industry is experiencing a transformation marked by the accelerated advancement of new technologies, a constantly evolving OEM ecosystem, and increasingly stringent regulatory frameworks. In this scenario, the need for a global transition towards sustainable mobility becomes more urgent than ever. At Inchcape Americas, we embrace this challenge with determination, driving local solutions that connect this global vision with the concrete needs of our communities. Sustainability is not just an aspiration: it is a pathway to generate economic, environmental, and social value, today and into the future,» said Mike Bowers, CEO of Inchcape Americas.
Milestones and progress in the Americas
Among the main sustainability achievements in the region during 2024, the following milestones stand out:
- 9% reduction in CO₂ emissions in operations, aligned with the global goal of reducing absolute Scope 1 and 2 emissions by 46% by 2030.
- Introduction of 30 new BEV models and 25 NEV models in key markets, expanding the clean technology offering.
- Over 70% of the region’s markets now have an active offering of new energy vehicles.
- Inchcape Americas sold 109 NEV models during 2024 and achieved a regional market share of 17% in this segment, with notable figures such as 76% in Bolivia, 44% in Chile, 27% in Peru, and 16% in Colombia.
- Since 2022, Inchcape’s NEV portfolio has quadrupled, increasing from 59 to 278 available versions.
- During 2024, Inchcape’s BEV sales doubled compared to the previous year, consolidating its leadership in the sector’s energy transition.
- Technical training program for women in Uruguay, promoting labor inclusion in electromechanics.
- Implementation of sustainability questionnaires for suppliers and adoption of the Open Door Policy across the region, strengthening transparency and governance.
«These results not only reflect the commitment of our teams but also the region’s ability to lead sustainable mobility with solutions tailored to each market. The future is already underway, and our goal is to continue deepening this impact with a focus on innovation, inclusion, and strategic partnerships,» concluded the executive.
You can read the full 2024 Sustainability Report here: Spanish version and English version.