LKQ Publishes 2024 Global Sustainability Report

Rhea-AI Summary

LKQ Corporation (LKQ) has released its 2024 Sustainability Report, highlighting the company's achievements in sustainable operations and circular economy initiatives. The report outlines LKQ's three-pillar strategy focusing on sustainable solutions, people-led performance, and governance practices.

Key 2024 achievements include:

• Processing 735,000 vehicles and selling nearly 12 million salvaged parts
• Reducing Scope 1 and 2 greenhouse gas emissions by 16% compared to 2022 baseline
• Donating over $4 million through the LKQ Community Foundation
• Employee participation in over 200 local community initiatives

Positive

• 16% reduction in greenhouse gas emissions (Scope 1 and 2) relative to revenue vs 2022
• Processed 735,000 vehicles and sold 12 million salvaged parts, demonstrating strong operational performance
• Successful implementation of energy efficiency upgrades and network optimization

Negative

• None.

News Market Reaction

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Data tracked by StockTitan Argus on the day of publication.

ANTIOCH, Tenn., May 28, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a global leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, today announced the release of its 2024 Sustainability Report. The report showcases LKQ's role in driving success as a best-in-class operator for our investors and key stakeholders, while maintaining a critical role in facilitating the growth of the global circular economy.

Furthermore, it reflects our on-going commitment and focus on driving profitable growth through highly efficient, responsible, and ethical business practices. The Company has a three-pillar strategy that includes: 1) profitably delivering sustainable solutions; 2) people-led performance; and 3) strong governance and ethical practices. This approach creates the framework to manage risks, while capitalizing on opportunities, that create long-term value aligned with the Company’s core business of running efficient operations, reducing waste, and extending the lifecycle of alternative vehicle parts.

“LKQ embodies the principle that business excellence and sustainability are fundamentally connected. Having been part of the LKQ community for over two decades, I’ve experienced first-hand how our commitment to these principles drives innovation and creates value. Our foundation in the circular economy is about reimagining how our role in the vehicle industry can operate responsibly while delivering profitable growth,” stated Justin Jude, President and Chief Executive Officer.

In 2024, LKQ achieved several milestones including:

• Processing 735,000 vehicles and selling nearly 12 million individual salvaged parts back into the circular economy.
• Lowering Scope 1 and Scope 2 greenhouse gas emissions across our global operations by 16%, relative to revenue, versus a 2022 baseline. We achieved this through increased use of renewable energy, fleet fuel initiatives, energy efficiency upgrades, network optimization, and business integration projects.
• Donating over $4 million through the LKQ Community Foundation to charitable causes in areas including health and wellness, education, veteran and global first responder support, and environmental stewardship, enabling us to connect with the communities in which we operate and strengthen our relationship with our key stakeholders and customers.
• Employees globally dedicating their time, skills, and resources to over 200 local initiatives that meaningfully address various social needs, which is an important part of our employee engagement and collaborative culture, while allowing us to spend time connecting with our local communities and customers.

Please find our sustainability report here: www.lkqcorp.com/sustainability/ 

About LKQ Corporation

LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe, and Taiwan. LKQ offers its customers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.

Contacts:
Joseph P. Boutross
Vice President, Investor Relations
LKQ Corporation
(312) 621-2793

jpboutross@LKQCORP.com
sustainability@lkqcorp.com

FAQ

What are the key achievements in LKQ's 2024 Sustainability Report?

LKQ's key 2024 achievements include processing 735,000 vehicles, selling 12 million salvaged parts, reducing greenhouse gas emissions by 16%, donating $4 million through their Community Foundation, and participating in over 200 local initiatives.

How much did LKQ reduce its greenhouse gas emissions in 2024?

LKQ reduced its Scope 1 and Scope 2 greenhouse gas emissions by 16% relative to revenue, compared to their 2022 baseline.

What is LKQ's three-pillar strategy for sustainability?

LKQ's three-pillar strategy consists of: 1) profitably delivering sustainable solutions, 2) people-led performance, and 3) strong governance and ethical practices.

How many vehicles did LKQ process in 2024?

LKQ processed 735,000 vehicles and sold nearly 12 million individual salvaged parts back into the circular economy in 2024.

How much did LKQ donate through its Community Foundation in 2024?

LKQ donated over $4 million through the LKQ Community Foundation to various charitable causes including health, education, veteran support, and environmental stewardship.