LKQ : Sustainability Report (LKQ 2024 Sustainability Report Final)
LKQ
Published on 05/28/2025 at 08:48
2024
Sustainability Report
Doing our part for a more sustainable world
Steering Wheel & Column
We Are LKQ
2024 Sustainability Report
Profitably Delivering Sustainable Solutions
People-Led Performance
Strong Governance and Ethical Practices
Appendix 3
About This Report
We Are LKQ
Steering LKQ Towards a Sustainable Future
Transforming Vehicle Sustainability
The Principles Guiding Our Journey
Fueling Our Evolution
The trailer hitch is a component which securely connects a vehicle to a trailer, enabling safe and stable towing. It effectively transfers towing forces while ensuring proper alignment and stability throughout the journey.
We Are LKQ
2024 Sustainability Report
About This Report
Steering LKQ Towards a
Profitably Delivering People-Led Strong Governance Sustainable Solutions Performance and Ethical Practices
Appendix 4
Sustainable Future
A Message from our President and CEO
CEO Reflections on Sustainability
In a candid conversation with Richard Brasher, Vice President Sustainability, CEO Justin Jude
LKQ embodies the principle that business excellence and Sustainability are fundamentally connected. As I took the helm as CEO this past year, I was energized by our company's 26-year legacy of turning this principle into measurable impact through our leadership in the circular economy, consistently setting the standard in automotive recycling and remanufacturing.
Having been part of the LKQ community for over two decades, I've experienced first-hand how our commitment to Sustainability drives innovation and creates value. Our foundation in the circular economy isn't just about recycling vehicle parts, it's about reimagining how our industry can operate sustainably while driving profitable growth - the north star of our "Charting Our Future" strategy announced in September 2024.
We stand at the forefront of a rapidly evolving industry, where the steady adoption of electric vehicles presents both challenges and
opportunities, requiring us to remain agile. At the same time, vehicle circularity presents exciting opportunities for expansion, with tremendous potential in our European markets for recycling and salvage solutions. As we adapt to these industry shifts, we're strategically investing
in advanced remanufacturing, refurbishing, and repairing capabilities and services while leveraging our global presence. Increased knowledge sharing between our European and North American operations exemplifies how cross-border collaboration drives innovation and strengthens solutions.
Sustainability, however, isn't just about what we do, it's also about who we are. Throughout my career, I've seen that the strength of LKQ has always been our people, and I am deeply committed to fostering an entrepreneurial spirit where every employee feels a sense of shared ownership in our successes. This culture of
empowerment, combined with our "promote from within" philosophy, creates an environment where diverse thinking flourishes and our teams take pride in their contributions to both our business and Sustainability goals.
As we turn our attention to 2025 and beyond, I see three key focus areas critical to driving us forward: minimizing waste, simplifying our operating model, and harnessing
a lean mindset. These imperatives are fundamentally linked to Sustainability, and I believe that through these principles and
our continued investment in our people and technology, together, we will build on our legacy and drive LKQ towards an even
more Sustainable future.
President and
Chief Executive Officer
reflects on his first year leading LKQ, sharing insights on the company's Sustainability journey and his vision for building upon LKQ's 26-year legacy.
How has your first year been as CEO at LKQ? "My first year has been incredibly rewarding, particularly the opportunities to travel and meet with others. Whether it's visiting many of our locations across the globe and hearing directly from our frontline teams, visiting our R&D hubs to see our latest innovations, or stopping to chat in the hallways of our headquarters in Nashville, each interaction has allowed me to understand what drives our people and our customers even more. Furthermore, being surrounded by diverse minds and thinking has challenged me to become a better leader."
What role do you think LKQ's employees should play in the company's Sustainability journey? "I'm a strong believer that operational
excellence is inherently linked to Sustainability. Our employees are essential to eliminating inefficiencies and driving profitability through their daily actions and innovative thinking. I've been consistently impressed by how our teams proactively work to simplify operations, even in the face of market headwinds. Success requires building trust between management and team members, ensuring everyone understands that our Sustainability initiatives benefit both business performance and environmental stewardship.
Having an open mind is crucial as we remain agile and adapt to industry changes."
How do you see Sustainability driving innovation at LKQ, particularly in terms of products and operations?
"We're constantly monitoring market dynamics, especially the gradual shift from internal combustion engines to electric vehicles, to ensure our business remains sustainable in
the long term. We're investing significantly in remanufacturing capabilities for hybrid and electric vehicle batteries, recognizing the critical role of battery recycling in addressing resource scarcity. Our scale and efficiency in recycling position us uniquely to lead in sustainable automotive solutions."
Looking to 2030, what does Sustainability success look like for LKQ?
"Success means achieving profitable longevity while consistently exceeding compliance requirements
in all of our Sustainability initiatives. We're focused on continuous improvement in reducing greenhouse gas emissions across our operations. This commitment is linked to our dedication to frugality and waste reduction, going beyond just regulatory compliance. Our goal is to continue sharing best practices across our global operations, particularly in areas like electricity consumption reduction and fleet efficiency initiatives."
2024 Sustainability Report
Profitably Delivering Sustainable Solutions
People-Led Performance
Strong Governance and Ethical Practices
Appendix 5
We Are LKQ
About This Report
Transforming Vehicle
Market Leader in each of our Operating Segments
and paint
Sustainability Europe • Hard parts, aftermarket collision,
Recycled collision and major
Company Profile
What We Do
We are a global distributor of vehicle products, including replacement parts, services, components, and systems used in the repair and maintenance of vehicles. We offer customers a broad range of new, aftermarket, salvaged, refurbished, and remanufactured parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles. Our customers are primarily collision and professional
repair shops.
Wholesale -North America
mechanical parts (Sweden)
Approximately 880 facilities
Aftermarket, recycled collision products, and paint
Recycled and remanufactured major mechanical products
On-site, mobile, and remote diagnostics via Elitek Vehicle Services
Approximately 465 facilities
Why We Do It
Delivering value to customers and playing a leadership role in the circular economy are synonymous at LKQ. By focusing on salvage dismantling processes that allow for almost all vehicle components to be repurposed, we ensure that we meet the needs of our customers and the planet. As a company that continually grows and innovates, we are dedicated to both customer success and vehicle circularity. We are constantly exploring unique ways to salvage vehicle components and meet the challenges posed by new components, such as those found in electric vehicles.
Working with our stakeholders, we help extend the useful life of a vehicle, reduce repair costs, and prevent materials from ending up in landfills.
This circular model benefits all our stakeholders, from our employees to our customers and investment community. We are committed to driving profitable growth through highly efficient, responsible, sustainable, and ethical business practices.
Specialty • Specialty vehicle, aftermarket products, and accessories
Operates across major U.S. and Canadian markets
Approximately 40 facilities
Self Service • Retail operations for recycled
end-of-life vehicles; operates
mostly under "LKQ Pick Your Part"
Sells precious and scrap metals to recyclers
Approximately 65 facilities
2024 LKQ Segment Revenue
Our global workforce of approximately 47,000 employees, spread across roughly 1,450 facilities, forms the backbone of our organization's achievements.
$14.4 Bn
45% Europe
40% Wholesale - North America 11% Specialty
4% Self Service
Disclaimer
LKQ Corporation published this content on May 28, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 28, 2025 at 12:47 UTC.