LKQ Corporation Releases Its 2021 Sustainability Report And Unveils Its New Brand Identity
May 23 2022 - 9:00AM
LKQ Corporation (Nasdaq: LKQ) today released its 2021
Sustainability Report and unveiled its new brand identity,
reflecting the Company’s transformation from a salvage dismantler
and recycler to a leading global value-added and sustainable
distributor of vehicle parts, accessories, and services.
2021 Sustainability Report
LKQ Corporation is proud to announce the release
of its 2021 Sustainability Report, highlighting key environmental,
social, and governance (ESG) accomplishments.
“LKQ is improving the world one part at a time.
As the largest recycler of automobiles in the world, we have a
longstanding commitment to ESG that is central to our strategy of
delivering a more sustainable future for both LKQ and our planet
while driving lasting value for our stakeholders,” said Dominick
Zarcone, President and Chief Executive Officer. “In addition to
environmental stewardship, our social impact initiatives and strong
governance structure underpin the long-term strength and success of
our business. This year’s report underscores our enhanced approach
to include a holistic ESG focus across our global organization, and
I am thrilled to share our disclosures and accomplishments.”
We encourage all stakeholders to read LKQ’s
Sustainability Report, which is available on the Company’s website
at
https://www.lkqcorp.com/wp-content/uploads/2022/05/2021-LKQ-Sustainability-Report-FINAL.pdf.
New Brand Identity
When the Company was founded in 1998, our goal
was to revolutionize the vehicle parts industry by offering
high-quality, recycled OEM parts through a vast network of salvage
facilities across North America. These recycled parts offered an
attractive value proposition to the mechanical and collision repair
industry and were known for their “Like, Kind, and Quality,” a term
the Company embraced and simplified as its core brand “LKQ.” Over
time, and with the success of changing the landscape of vehicle
recycling and distribution in North America, the Company expanded
into various other products and geographies, ultimately creating a
leading global provider of alternative and specialty parts and
services to repair and accessorize automobiles and other vehicles.
Today, the Company has operations in North America, Europe, and
Taiwan with approximately 46,000 employees serving customers in
over 26 countries. The meaning of “LKQ” has also evolved to
“Leadership, Know-how, and Quality.”
“Our new brand identity and logo, along with the
positioning tagline of “Keeping you moving,” enables the Company to
project an updated and modern image to our stakeholders. Far more
than just three simple letters, our enhanced brand identity
signifies who we are and what makes our market leading positions
unique. It also validates our strategy of building a resilient
business for the long-term and one that is positioned to take
advantage of the exciting growth opportunities in the global
automotive industry,” says Dominick Zarcone, President and Chief
Executive Officer.
The new brand will be rolled out across the
globe and includes a newly launched website. The improved site will
provide an enhanced experience for stakeholders and be a valuable
resource to understand our business, solutions, culture, and
commitment to our people.
About LKQ Corporation
LKQ Corporation (www.lkqcorp.com) is a leading
provider of alternative and specialty parts to repair and
accessorize automobiles and other vehicles. LKQ has operations in
North America, Europe and Taiwan. LKQ offers its customers a broad
range of OEM recycled and aftermarket parts, replacement systems,
components, equipment, and services to repair and accessorize
automobiles, trucks, recreational, and performance vehicles.
Contact
Sandy PierantoniLKQ CorporationDirector, Global ESG Strategy
& Initiatives(312)-621-2739sjpierantoni@lkqcorp.com
Joseph P. BoutrossLKQ CorporationVice President,
Investor Relations (312) 621-2793jpboutross@lkqcorp.com
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