AutoWallis Green Investment Project Value Reaches HUF 3 bln
The AutoWallis Green Finance Committee has prepared its annual Green Bond Allocation and Impact Report on the use and environmental impact of the revenue received from the HUF 6.6 billion in green bonds issued by the company two years ago. The company has carried out green investment projects totaling almost HUF 3 bln, with more in the pipeline and under preparation.
One of the main objectives of the AutoWallis Group’s growth strategy is the implementation of sustainable green projects, in the interest of which it was the first company listed in the Prime Category of the Budapest Stock Exchange to develop a Green Finance Framework, a press release sent to the Budapest Business Journal notes.
The recently published AutoWallis Green Bond Allocation and Impact Report shows that the company has issued a total of HUF 6.6 bln in green bonds as part of the Growth Credit Program (NKP) launched by the National Bank of Hungary, which amount it has used to carry out a number of green investments, with others currently under preparation and planning. These include the Jaguar and Land Rover dealership and service center in Budapest completed two years ago and the Sixt technical base in Vecsés that opened last year.
Regarding the publication of the report, AutoWallis Investor Relations & ESG Director Gábor Székely explained that AutoWallis is committed not only to greening investments but also to focusing on sustainable operations and increasing the environmental awareness of its services, an important milestone of which was the recently announced acquisition of the Share Now car sharing company.
He also added that they are continuously searching for projects that can further improve the energy efficiency of their existing real estate portfolio. To this end, energy audits of these properties are being prepared, backing ongoing decisions on new investments to support energy-efficient operations.
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