Sustainability Report: LeasePlan sustainable strategy
LeasePlan launched its first annual Sustainability Report, outlining the company's progress on its overall sustainability strategy, including its ambition to achieve net-zero emission from its total fleet by 2030.
LeasePlan’s sustainability strategy has three key focus areas: shaping the future of low-emission mobility; strengthening its contribution to societal wellbeing; and reducing its own environmental impact.
The report provides detailed information on the company’s activities in each of the above areas, as well as a scorecard outlining its progress.
Tex Gunning, CEO of LeasePlan, said:
“Climate change is the biggest challenge we face as humanity, and as road transport accounts for around 20% of global CO2 emissions, we’re determined to play our part. That’s why we want to achieve zero tailpipe emissions from our entire fleet of 1.9 million vehicles by 2030, starting with our employees’ vehicles. These are, of course, ambitious goals, which is why we’ve decided to publish our first-ever Sustainability Report. We want to be transparent with our customers, investors and other stakeholders, about how our zero-emission journey is going and where we can improve. Our mantra is simple: if it’s reportable, it’s measurable – and then we can be held accountable.”
Costas Petroutsos, Managing Director of LeasePlan Hellas, said:
“LeasePlan, globally as well as locally shapes the future by moving forward first. In this case, we open the road, against climate change, moving not only towards designing but also towards presenting the development of our company’s sustainability strategy. Sustainability Report shows that we move to achieving our big target of zero emissions from our entire fleet worldwide, starting from our employees’ vehicles. We aim at helping the planet and consequently people win this battle and this relates to providing complete transparency at every step of our way."
Key sustainability highlights covered in the report include:
- Rolling out a full-package electric vehicle (EV) solution for customers in 12 countries worldwide. A growing proportion of the LeasePlan fleet is now EV, showing sustained customer engagement with the company’s zero-emission strategy
- Launching LeasePlan’s first Green Bond Framework, which will be used to finance or refinance the purchase Battery Electric Vehicles (BEVs). The EUR 500 million bond attracted more than EUR 3.5 billion of demand from around 260 investors
- Organising a series of educational EV events for customers and publishing multiple insights and guides, such as the popular Sustainable Fleet Benchmark, to help customers make informed decisions about electric driving
LeasePlan’s 2018/19 Sustainability Report is available now and can be downloaded here.