- Tightening economic conditions throughout FY24.
- Reduction in consumer and business spending, with a shift to lower price points.
- Government regulation (changes to Clean Car Discount and Clean Car Standard) increasing import cost of used vehicles.
- Increase in sale of damaged and end of life vehicles following Auckland floods and Cyclone Gabrielle.
- Higher interest rates throughout the year.
Turners Automotive Group Limited
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Turners Automotive Group Limited disclosed greenhouse gas emissions of 3.0K tonnes of CO2 (FTI vehicles). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.0K tonnes of CO2 (FTI vehicles)
2024
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 3.0K tonnes of CO2 (FTI vehicles) |
| 2023-04 to 2024-03 | 1.5K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced the estimated annual aggregate emissions of Turners 'first time import' (FTI) vehicles to below 7,000 tonnes of CO2 by 2025. In FY24, the FTI emissions were 3,016 tonnes of CO2. This represents a 65% reduction from 2019 levels.
- Increased the proportion of Low Emitting Vehicles in the Turners Subscription fleet to 59% (target 50% by 2025).
- Achieved a 6% reduction in the average annual CO2 emissions for vehicles financed in FY24 over those financed in FY23 (target 5% reduction).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce the estimated annual aggregate emissions of Turners ‘first time import’ (FTI) vehicles to below 7,000 tonnes of CO2 by 2025.
- Increase the proportion of Low Emitting Vehicles in the Turners Subscription fleet to 50% by 2025.
- Reduce the average emissions from vehicles financed by 25% in 2025 (from 2019 levels).
- Reduce Scope 1 and 2 emissions by 20% in 2025 (from 2022 levels).
📅 Medium-term
- Target 32 branches in FY27.
🔭 Long-term
- New target of $65M NPBT for FY28.
🌱 ESG Focus Areas
Climate ChangeEmployee WellbeingDiversity and Inclusion