- Weakened used car margins in H2 due to price corrections in the market
- Battery electric vehicle sales growth in the UK has stalled
- Potential for disruption in new vehicle supply as the UK Government seeks to transition to battery electric vehicles and Manufacturers attempt to navigate new emission legislation and potential significant fines
- High interest rates and a cost-of-living squeeze on consumer confidence
- Turnover in the key roles of sales executives and service advisors remains at too high a level
- Supply dislocation in respect of a number of supplying Manufacturers held back sales volumes in the Year and margins normalised
- Softness of BEV retail demand represents a considerable challenge in achieving the ZEV mandate targets for Manufacturers
Vertu Motors plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Vertu Motors plc disclosed greenhouse gas emissions of 21.3K tCO2e. 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
21.3K tCO2e
2024
Renewable Energy
5.9%
of total energy
Energy Use
101.2M kWh
2024
π Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 21.3K tCO2e |
| 2023 | 19.8K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
β Reported Environmental Achievements
- Reduced electricity usage across the business despite an increase in the size and use of BEV charging infrastructure
- Invested Β£2.4m in solar panel installations across 41 Group locations, these will provide 10% of the Groupβs electricity requirements in the first full year post installation
- Recycled 61% of its dry waste on site in FY24
- Reduced gas and electricity consumption by 2.0% on a total basis compared to FY23
- 9.09% decrease year-on-year in carbon intensity
π― Climate & Sustainability Targets
π Short-term
- 70% of all dry waste to be recycled by 2025
- 25% of the corporate fleet to be alternatively powered by 2025
π Medium-term
- Increase the share of the Groupβs sales of alternatively fuelled vehicles by a minimum 30% each year to 2030
π± ESG Focus Areas
EnvironmentalSocialGovernance