AutoWallis publishes an excerpt from its 2024 sustainability report

In line with its previous objectives and the results of energy audits of the company’s properties, the AutoWallis Group, listed in the Budapest Stock Exchange’s Premium category, implemented significant energy efficiency investments in 2024. Among other things, it expanded the existing solar panel system at the Wallis Motor Pest building and installed solar panels at four locations of the Iniciál Group, which belongs to AutoWallis. In Győr, in addition to expanding the previous solar panel capacity, it also installed a heat pump in order to reduce natural gas consumption. The company, which represents 29 brands in 17 countries in the region, has also started to develop its climate change mitigation transition plan and waste management strategy, which will be finalized and adopted in the 2025 financial year as part of its renewed ESG strategy.

AutoWallis’ objectives this year include mapping the links between material sustainability topics and its business model and corporate strategy, along which it can provide long-term responses to emerging challenges. This measure also contributes to the Group remaining on a growth path compatible with the principles of sustainability and becoming more resilient to future economic, social and environmental changes. Gábor Székely, Investor Relations and ESG Director of AutoWallis, said in relation to the 2024 results: with the regional expansion of AutoWallis, its role and responsibility in sustainability also increases, to which the Group’s corporate strategy must be adjusted. In line with this, one of the milestones of last year was the launch of the group’s online ESG complaint line – the first among the companies listed in the BSE Premium category – and the publication of an audited sustainability report according to the ESRS (European Sustainability Reporting Standard) standard system. In previous years, the group’s sustainability reports were published separately, but due to the relevant rules, the report for 2024 was already prepared as part of the annual report in an integrated manner, while the aim of the sustainability report extract is to enable AutoWallis’ investors, employees and partners to learn about the company’s sustainability and ESG activities, objectives and results from a shorter, more quickly understandable and more understandable summary extract. Regarding the development of the waste management strategy, he added that AutoWallis has always strived to recycle as much waste as possible during its operations, but it is also essential to set goals at a strategic level.

The AutoWallis Group published its ESG strategy in the fall of 2024, in which it defined the focus areas related to sustainable operations and the plans related to them. The goal of the Hungarian stock exchange car company is for all members of the group, present in 17 countries in the Central and Eastern European region, to operate along a uniform sustainability and ESG criteria system and to prioritize environmental, social and corporate governance aspects in their decisions.