Highlights

• AutoWallis Group sets out its ESG strategy with a focus on sustainability.
• The strategy covers climate change, staff, customer service, business conduct and urban mobility.
• The company will increase renewable energy and electric vehicle infrastructure.

AutoWallis Group, a Hungary-based investment company that operates in the automotive sector in Central and Eastern Europe, has published its ESG strategy with key areas for sustainability.

The automotive company operating in 16 countries in Central and Eastern Europe is aligning all its subsidiaries to a common ESG approach, considering environmental, social and governance (ESG) factors in its decision-making.

The ESG strategy builds on previous targets and has five areas: climate change, staff, customer service, business conduct and urban mobility. AutoWallis has set targets for each area.

To address climate change, the company will increase its renewable energy to 30% by 2031 and provide ESG training to employees. It will also offer accessible, safe and affordable transportation until 2030 and establish a common governance policy.

For urban mobility, AutoWallis will expand its mobility services infrastructure, including 100 new electric vehicle charging points by 2031.

Gábor Székely, Investor Relations & ESG Director at AutoWallis, said: “We are committed to sustainability and energy efficiency in our daily business."

The group will use renewable energy and improve its social and governance practices. By 2028, AutoWallis will be the leading player in regional vehicle retail, wholesale and mobility services.

The company has already made progress in its ESG approach, being the first Prime Market company on the Budapest Stock Exchange to develop a Green Finance Framework and issue green bonds.

AutoWallis has published its third Sustainability Report and is focusing on green investments, mainly using EU Taxonomy-compatible green financing solutions.

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Source: AutoWallis