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AutoWallis publishes its third Sustainability Report
2024.05.02.
The AutoWallis Group has published its Sustainability Report on the past year, which shows that in 2023 the automotive company registered on the Hungarian stock exchange has set new strategic areas for the development of sustainable operations such as digitalization and the bolstering of its corporate governance structure.
This marks the third occasion that the AutoWallis Group has published its Sustainability Report identifying prioritized areas handled on a strategic level such as the development of digitalization, waste management, and energy efficiency, as well as the foundation of a group-level CSR-approach and providing access to community mobility for a wider spectrum of people. This last target is supported by the Group’s wigo car-sharing service, launched last year and consisting of a fleet of eco-friendly EURO6 and electric models. AutoWallis’s car-sharing service offers an urban transport solution that is both greener and more economical: international studies have shown that a single wigo car is able to replace up to 16 private vehicles. As a company committed to sustainable growth, AutoWallis considers the deeper integration of ESG factors into its corporate governance practices and decisions to be a priority. Regarding the report, Gábor Székely, AutoWallis’s Investor Relations & ESG Director, explained that in addition to continuous economic growth and the realization of business targets, the Group holds the enforcement of sustainability factors in all areas of its operations to be especially important. Accordingly, in its report for 2023, AutoWallis has, true to earlier promises, assessed the emission of other indirect (Scope 3) CO2 emissions, which extends to emissions from the commuting of its employees and shipping outside of Europe. As a listed company, AutoWallis is at the forefront of applying green financing solutions. The funds obtained from the company’s green bonds may be used only based on a positive decision by the company’s Green Committee. The Committee published the Company’s Green Bond Allocation and Impact Report last September, which shows that AutoWallis has issued a total of HUF 6.6 billion in green bonds as part of the Growth Credit Programme (NKP) launched by the National Bank of Hungary, which amount it has used to carry out a number of green investments, with others currently under preparation and planning. AutoWallis is continuously searching for projects that can further improve the energy efficiency of its existing real estate portfolio. To this end, energy audits of these properties are being prepared, backing the company’s ongoing decisions on new investments to support energy efficient operations.
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