LKQ Publishes 2023 Global Sustainability Report

Rhea-AI Summary

LKQ (Nasdaq: LKQ) has published its 2023 Global Sustainability Report, highlighting major achievements in sustainability and outlining its three-pillar strategy: delivering sustainable outcomes, people-led performance, and strong governance. Key milestones include processing 766,000 vehicles, recycling over 62,000 metric tons of scrap steel, reducing Scope 1 and 2 greenhouse gas emissions by 11.8% from the 2021 baseline, and achieving a 74 engagement score in employee surveys. The report also notes a 19.5% female representation in its workforce and $4 million in charitable donations. The goal is to create long-term value for all stakeholders.

Positive

• Processed 766,000 vehicles, significantly contributing to the circular economy.
• Recycled over 62,000 metric tons of scrap steel, 48,000 metric tons of aluminum, and 4,000 metric tons of copper.
• Scope 1 and 2 greenhouse gas emissions reduced by 11.8% from the 2021 baseline.
• Achieved a 74 engagement score in the annual employee survey with an 89% participation rate.
• Female representation in the global workforce increased to 19.5%, nearing the 20% target by 2025.
• Donated over $4 million to charitable causes, supporting health, education, and environmental stewardship.

Negative

• The company has not yet achieved its 2025 goal of 76 in employee engagement score.
• Female representation in the workforce is still slightly below the 2025 target of 20%.

CHICAGO, May 28, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) a global leader in the circular economy, today announced the release of its 2023 Global Sustainability Report. The Report describes LKQ's role in driving sustainable success for our customers, our employees, the communities in which we operate and the global circular economy. Additionally, the report includes an enhanced and robust sustainability strategy, demonstrating our approach to managing sustainability risks across each of our operating segments. Our three-pillar sustainability strategy comprises profitably delivering sustainable outcomes, people-led performance as well as strong governance and ethical practices.

"We are pleased to issue this year’s report which demonstrates how our teams are making meaningful progress to achieve our sustainability commitments across our global footprint with an ongoing effort to create long-term value for all stakeholders. I am proud to report that the investments we have made in our sustainability journey thus far have enabled the meaningful and positive outcomes that we are able to share in this year's report" said Dominick Zarcone, President, and Chief Executive Officer.

In 2023 LKQ achieved several sustainability milestones including:

• Processed 766,000 vehicles, recycling over 62,000 metric tons of scrap steel, 48,000 metric tons of aluminum, and 4,000 metric tons of copper;
• Scope 1 and Scope 2 greenhouse gas emissions reduced globally by 11.8% versus 2021 baseline relative to revenue;
• Engagement score of 74 in our annual employee engagement survey, bringing us closer to our 2025 goal of 76, with an 89% participation rate, in excess of our 2025 target of 73% participation;
• Achieved 19.5% female representation in global workforce and launched the Women's Network to support the development of women across all sectors and roles at LKQ in order to help reach target of 20% representation by 2025; and
• Donated over $4 million through the LKQ Community Foundation to charitable causes in areas including: health and human services, technical and general education, environmental stewardship and first responders.
  

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 sustainability milestones did LKQ achieve in 2023?

In 2023, LKQ processed 766,000 vehicles, recycled significant amounts of steel, aluminum, and copper, and reduced Scope 1 and 2 greenhouse gas emissions by 11.8%.

How much did LKQ reduce its greenhouse gas emissions?

LKQ reduced its Scope 1 and 2 greenhouse gas emissions by 11.8% from the 2021 baseline.

What is LKQ's current female workforce representation?

As of 2023, 19.5% of LKQ's global workforce is female.

How much did LKQ donate to charitable causes in 2023?

LKQ donated over $4 million through the LKQ Community Foundation to various charitable causes in 2023.

What was the employee engagement score for LKQ in 2023?

LKQ achieved a 74 engagement score in their 2023 annual employee survey.