AutoWallis Hungary Publishes 1st Sustainability Report

  • 22 Mar 2023 7:09 AM
  • Budapest Business Journal
AutoWallis Hungary Publishes 1st Sustainability Report
The AutoWallis Group has published its first sustainability report, and it will continue to do so after each business year.

AutoWallis’s first Sustainability Report contains the company’s ESG achievements and initiatives in 2021.

The company, listed in the Premium category of the Budapest Stock Exchange, aims to become a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.

For the group, present in 14 countries in the region, to be able to achieve this goal and continue its successful operations, it has to provide suitable responses to changes in the automotive industry and comply with ESG criteria in its operations, according to AutoWallis CEO Gábor Ormosy.

He added that the transformation of the automotive industry is unavoidable due to increasingly stringent environmental protection requirements, and the technology shift requires continuous innovation. He emphasized that covering the entire automotive sales value chain, developing digital sales channels, and serving the need for mobility services will be increasingly important in the future. In addition to adapting to these changes, environmental awareness also plays a prominent role in AutoWallis’s strategy.

AutoWallis investor relations & ESG director Gábor Székely explained that the Group has started preparations for obtaining an ESG rating in the interest of elevating its existing sustainability commitments to a higher plane. The company has appointed Deloitte to prepare its ESG report and help work out the measures necessary for obtaining its ESG certification, which is currently planned by the end of 2024.

The ESG director added that Deloitte is able to provide suitable support in managing the tasks in connection with the preparation of the first sustainability report thanks to its exceptional experience in corporate sustainability and automotive industry know-how.

Réka Szücs, head of sustainability & climate services at Deloitte, expressed the honor it was to participate in preparing AutoWallis’s first sustainability report.  She emphasized that Deloitte’s process of creating long-term values coincides with AutoWallis’s ambitions.

Regarding sustainability, AutoWallis’s most important targets are to ensure that as much of the wastes generated in the course of its administrative, sales, repairs, and services processes are recycled as possible, and to continue the energy efficiency of the properties owned by the company group.

The company aims to satisfy its energy requirements with renewable energy sources, to support the possibilities of electric vehicles with as many tools as possible, and to give preference to environmentally conscious suppliers in the interest of decreasing the group’s carbon footprint.

Székely stressed that since AutoWallis is committed to ensuring that its growth is sustainable from both environmental and social aspects, an important goal is to ensure that sustainability-related factors are suitably validated to the correct extent in all areas of operations.

He also pointed out that the target is to create added value in the long term, emphasizing support for environmentally friendly solutions and promoting the transition to their use.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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