Paccar Inc. highlights sustainability initiatives and zero-emissions truck models in new ESG presentation
Reuters
Dec 04
Paccar Inc. highlights sustainability initiatives and zero-emissions truck models in new ESG presentation
Paccar Inc. has released a new sustainability presentation outlining its recent environmental, social, and governance $(ESG)$ initiatives and performance highlights. The company reported that 35% of its 2024 revenue came from its Truck and Other segment, 20% from Parts, and 6% from Financial Services. Paccar invested $453 million in research and development in 2024, with a focus on advanced vehicle models and innovative technologies. The company currently has eight zero-emissions truck models in production under its Kenworth, Peterbilt, and DAF brands. Over the past decade, Paccar has invested $8.6 billion in environmentally friendly manufacturing and distribution facilities. Paccar has set science-based targets to reduce Scope 1 and 2 greenhouse gas emissions by 35% and Scope 3 emissions from product use by 25% by 2030, using 2018 as a base year. The company has reported to CDP since 2014 and received an A- rating in 2024, placing it in the leadership tier among over 24,800 companies. You can access the full presentation through the link below.
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