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More green investments at the AutoWallis Group

2024.08.12.

The AutoWallis Group reported on its green investments in 2024 as well, the value of which reached HUF 3.3 billion in the past 3 years, with a number of projects currently under preparation. In its newest annual Green Bond Allocation and Impact Report, the Company provides information on the use of the revenue received from the issue of the HUF 6.6 billion in green bonds issued in 2021, and their environmental effects.

AutoWallis has published its annual Green Bond Allocation and Impact Report on the June 30, 2023 to June 30, 2024 period, which shows the targets for which the company has used funds from the HUF 6.6 billion in green bonds issued earlier as part of the National Bank of Hungary’s Growth Credit Programme (e-mobility development, energy efficiency improvement, installation of renewable energy). In addition to the projects currently under planning and preparation, the AutoWallis Group has already successfully implemented a number of green investment projects. Among others, the past year has seen an investment for the reduction of electricity consumption at the Wallis Motor Pest showroom on Hungária road and the financing of a part of the Sixt fleet, together totaling almost HUF 500 million. Plans include the expansion of the Hungária road showroom’s solar power system and the installation of a solar thermal collector system, the greening of the entire AutoWallis Group fleet through the procurement of electric (EV) and hybrid vehicles, and updating the lighting at the sites in the Slovenian cities of Trzin and Nova Gorica. The replacement of the doors and windows at the site in the Slovenian capital city may also support the improvement of energy efficiency in the future. Regarding the publication of the report, AutoWallis Plc. Investor Relations & ESG Director Gábor Székely explained that in the interest of using the green resources involved by AutoWallis in the most efficient manner possible, they are continuously examining possibilities for investment that best support the Group’s sustainable operations and increase the environmental awareness of its services, in line with the updated strategy published this year.

More green investments at the AutoWallis Group

Green bond Allocation and Impact report