Auto Bank unveils an ESG (Environment, Social and Governance) strategy that aims to create value and generate profits in an ethical manner. By 2026, 35% of new financing granted by the Auto Bank in Europe will be for electric vehicles. Drivalia’s European fleet – the rental, leasing and mobility company of – Auto Bank – will increase the share of new 100% electric and plug-in hybrid models to 35%. The group’s electric charging infrastructure will reach 2,500 stations.
An ESG plan in line with Auto Bank’s promise to “create mobility solutions for a better planet every day”
The three-year plan aims to promote sustainable and ethical behaviour in all of the entities in Europe and Morocco, with the aim of achieving responsible growth and generating profits with a positive impact on the environment and society. This ambition includes all stakeholders: employees, customers, suppliers, society and the environment. The ESG plan is based on four strategic pillars: sustainable mobility, innovation and digitalisation, the environment and human resources. For each of the pillars, qualitative and quantitative targets to be achieved by 2026 have been defined.
Promoting ever more sustainable mobility
CA Auto Bank’s ambition is to make electric vehicles accessible to the greatest number. By 2026, the bank expects more than half of the cars financed to be electric or hybrid, with 35% of new financing dedicated to electric vehicles. The share of new zero- and low-emission cars will make up 35% of Drivalia’s fleet, and the number of proprietary charging stations in Europe will increase by 45% (compared to 2023). The bank also announces that by 2030, 80% of its portfolio of new vehicles will be electric and hybrid. At the same time Auto Bank will encourage a responsible corporate culture, notably by strengthening ESG requirements for its suppliers.
Accelerating innovation and digitalisation
The second pillar, dedicated to innovation and digitalisation, aims to improve both the bank’s internal processes and the services offered to customers. The targets set for 2026 are the use of electronic signatures for 95% of new contracts and a 75% increase in partnerships with start-ups sharing the same commitment to sustainable mobility and responsible growth.
Committing to the environment
This commitment is reflected in a significant reduction in its carbon footprint, by doubling the reduction in CO2 emissions by 2026 (-16% compared to 2022) and by using a company fleet composed of more than 50% fully electric cars, a proportion that reaches 90% by integrating plug-in hybrid vehicles.
Prioritise the well-being of employees
To promote a work-life balance, a 28-day paid leave for the second parent will be introduced from 2025, and the hours devoted to training employees will be almost doubled. In addition, the group aims to achieve near gender parity, with women accounting for 48% of the workforce.