- Significant price correction in the used car market in the final quarter of 2023.
- Weakening trading environment, resulting in a reduction of £1.9 million in gross profits.
- Elevated interest rates and energy costs, and inflationary pressures on the cost base.
- Falling volumes at Motorstore non-franchised businesses in Ashford and Lewes.
- Challenges in sourcing good-quality, well-priced used cars.
- Transition to agency model for Volvo and other manufacturers.
- Subdued trading at Caffyns Motorstore.
- Operational issues at one Volkswagen dealership.
- Supply constraints on certain new car model ranges.
- Lack of new car product for Lotus businesses.
Caffyns plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Caffyns plc disclosed greenhouse gas emissions of 701 tonnes of CO2 in 2023. By scope: Scope 2: 701 tonnes of CO2e in 2023 (location-based). 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
701 tonnes of CO2 in 2023
2024
Renewable Energy
100% of electricity from certified renewable sources
of total energy
Waste
434.5 tonnes in 2023 (80% recycled)
2024
Energy Use
3.5 million kWh in 2023
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 701 tonnes of CO2e in 2023 (location-based) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 701 tonnes of CO2 in 2023 |
| 2022 | 796 tCO2e/year (2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Year-on-year savings in electricity and gas usage of 5% in 2023.
- Investments made to improve the efficiency of lighting and heating equipment.
- Installation of electric charging points in all dealerships.
- 28% of demonstrator, courtesy and staff car fleet comprised alternatively-fuelled or battery-electric cars (up from 23% in the previous year).
- Reduced CO2 emissions from 709 tonnes in 2022 to 701 tonnes in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Further improvements in used car sales, used car finance income, and service labour sales.
- Further reductions in energy usage.
📅 Medium-term
- Transition to zero-emission vehicles.
- Investigating alternative heating sources as gas boilers reach end of life.
🔭 Long-term
- Net-zero carbon emissions by 2050.
🌱 ESG Focus Areas
Climate changeEnergy efficiencyEmployee wellbeingApprenticeshipsDiversity & Inclusion