CA Auto Bank unveils sustainable development plan 2024-2026

13/06/2024 News

CA Auto Bank has unveiled its ambitious Sustainable Development Plan 2024-2026, focusing on integrating ethical practices while driving value and profitability. Centered on Environmental, Social, and Governance (ESG) principles, the plan aims to foster impactful change across its operations.

The strategy is built on four pillars: Sustainable Mobility, Innovation and Digitalization, Environmental Responsibility, and Human Resources. Each pillar outlines specific goals to be achieved by 2026, aligning with CA Auto Bank's mission to "Create mobility solutions for a better planet every day."

Key objectives include ensuring that over 55% of new vehicle financings in Europe are electric or hybrid by 2026. Drivalia, the group's European fleet, targets 35% adoption of new Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). Moreover, the company plans a 45% increase in its proprietary electric charging stations across Europe compared to 2023.

The plan is integral to Crédit Agricole's Societal Project, supporting societal transitions through sustainable practices and responsible governance.

The first pillar, Sustainable Mobility, emphasizes making electric vehicles accessible through tailored financial solutions and Drivalia's mobility plans. CA Auto Bank anticipates that over half of its financed vehicles will be electric or hybrid by 2026, with 35% of new financings dedicated to electric vehicles.

Simultaneously, Drivalia aims for 35% of its fleet to consist of zero or low-emission vehicles, alongside expanding its charging infrastructure to support the growing electric vehicle market. The company will strengthen ESG requirements for suppliers to promote responsible practices.

The second pillar, Innovation and Digitalization, focuses on enhancing internal processes and customer service through digital advancements. By 2026, CA Auto Bank aims for digital signatures in 95% of new contracts and increased partnerships with startups committed to sustainable mobility.

Environmental Responsibility, the third pillar, targets a 16% reduction in CO2 emissions by 2026, with over 50% of the corporate fleet transitioning to fully electric vehicles.

The Human Resources pillar aims for employee well-being and diversity, including implementing 28 days of paid leave for the second parent by 2025 and doubling employee training hours.

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