AutoWallis has published its ESG strategy
The AutoWallis Group published its ESG strategy, in which the automotive company of the Hungarian stock exchange defined the strategic focus areas related to sustainable operations and the related plans. The goal of AutoWallis is for all members of the group present in the 16 countries of the Central and Eastern European region to operate according to a uniform ESG strategy and to prioritize environmental, social and corporate governance aspects in their decisions.
In accordance with its previous objectives, the ESG strategy of the AutoWallis Group was completed, in which the company listed in the Premium category of the Budapest Stock Exchange defined 5 strategic focus areas based on ESG aspects (environmental, social and management): climate change, its own workforce, consumers and end users, business conduct , as well as urban mobility services. In the strategy, the company has also assigned specific goals to certain focus areas, so AutoWallis, in the fight against climate change, undertakes, among other things, to increase the proportion of renewable energy in its energy mix to 30 percent by 2031, and organizes ESG-themed training for its own employees for educational purposes. It ensures its consumers and end users access to accessible, safe, affordable and sustainable transport systems until 2030, and implements a unified corporate governance policy related to the focus area of business conduct. In the case of urban mobility services, AutoWallis will, among other things, further develop the infrastructure of its mobility services and establish 100 new electric car charging stations by 2031.
Gábor Székely, director of investor relations and ESG at AutoWallis, said in relation to the strategy: their main goal is to make the daily operations of the company group more sustainable and energy efficient, and to use renewable energy sources as much as possible. In addition, the group wishes to increase its social responsibility and to meet the goals defined in the ESG strategy during corporate governance, in line with the aspiration that by 2028 the AutoWallis Group will be the region’s leading integrator in the retail and wholesale trade of cars, as well as in mobility services.
Related news
Target price increased to HUF 225 and buy recommendation for AutoWallis shares
In addition to maintaining the buy recommendation, MBH Investment Bank…
Read more >Concorde and OTP both recommend AutoWallis shares for purchase with an increased target price
Following Concorde Securities, OTP Bank also updated its analysis of…
Read more >AutoWallis strengthens its Czech retail presence with the largest acquisition in its history to date
With the largest acquisition in its history to date, AutoWallis…
Read more >Related news
Eroski develops innovative desserts made with fungal protein
Spanish supermarket chain Eroski, in partnership with catering leader Autoland,…
Read more >FELIX DELI MOMENTS liquid treats
Delicious FELIX Deli Moments liquid treats are available in two…
Read more >