Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate protection
• Resource utilization
• Employer attractiveness
• Staff development and promotion
• Social commitment
• Corporate governance and compliance

Environmental Achievements

• Reduced average CO2 emissions of its European rental fleet from 160 g/km in 2008 to 129 g/km in 2020 (considering the impact of the WLTP measurement standard).
• Increased the number of vehicles with electrical or hybrid powertrains in its fleet.
• Reduced water consumption per employee in corporate headquarters to 3.6 m3 in 2020 (from 6.5 m3 in 2019).
• Increased the share of car cleaning without using water-consuming car washing facilities in Germany to approximately 22% in 2020.

Social Achievements

• Established a global and several national EHS (Employee Health & Security) Task Forces to protect employees and customers.
• Implemented measures to strengthen cohesion and build trust among employees, including regular digital meetings and a leadership toolkit.
• Prevented mass redundancies and saved jobs through the use of short-time work.
• Maintained high employee satisfaction (84%).
• Supported the Regine Sixt Kinderhilfe Stiftung, contributing to various projects worldwide.

Governance Achievements

• Implemented a group-wide internal control and risk management system.
• Complied with the recommendations of the German Corporate Governance Code (with some exceptions).
• Maintained a strong equity base and a broad financing mix.

Climate Goals & Targets

Environmental Challenges

• The COVID-19 pandemic severely impacted the travel and tourism industry, leading to a significant drop in demand for mobility services.
• Intense competition in the vehicle rental industry.
• Risks associated with vehicle supply, remarketing, and used car market developments.
• Financial risks related to interest rates, exchange rates, and counterparty risk.
• Risks associated with international expansion and franchise partnerships.
• Operational risks related to IT systems, theft, and legal/regulatory compliance.

Mitigation Strategies

• Significantly reduced fleet size to lower costs and release liquidity.
• Exceeded cost-saving targets for personnel and material costs.
• Secured financial flexibility through a syndicated loan facility and bond issuance.
• Expanded product range to adapt to changing customer needs (SIXT+, SIXT share).
• Acquired strategically important airport locations in the USA.
• Implemented various measures to mitigate operational risks, including investments in IT security and compliance programs.

Supply Chain Management

Supplier Audits: Regular checks of external service providers and suppliers.

Responsible Procurement

• Careful selection of suppliers based on commercial, ecological, and compliance aspects.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Changes in regulations relating to environmental protection and emission limits; potential local driving bans; requirements relating to rental fleet equipped with alternative powertrains.

Opportunities

• Increased demand for electric vehicles; opportunities for innovation in e-mobility concepts.

Reporting Standards

Frameworks Used: Deutscher Nachhaltigkeitskodex (DNK)

Certifications: DIN EN ISO 9001:2015, DIN EN ISO 14001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• SIXT share (electric fleet); SIXT+ (car subscription).

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate protection
• Electromobility
• Shared Mobility
• Social responsibility

Environmental Achievements

• Increased share of electrified vehicles in the European fleet to 14% in 2022, aiming for 70-90% by 2030.
• Investing €50 million in charging infrastructure at stations.
• Aiming for climate-neutral operation of stations and sites by the end of 2023.

Social Achievements

• Regine Sixt Children's Aid Foundation supported Ukrainian children and families and provided emergency aid after Hurricane Ian.
• Implemented various employee benefits and retention measures, including flexible work arrangements and a special bonus.
• Improved employee satisfaction scores.

Governance Achievements

• Expanded the Management Board with two new members.
• Implemented a holistic sustainability program.
• Admitted to the MDAX stock exchange segment.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the semiconductor shortage and the war in Ukraine.
• High inflation and rising interest rates.
• Cyberattack in April 2022.

Mitigation Strategies

• Increased fleet size despite vehicle shortages through long-term supplier relationships and efficient fleet management.
• Strong balance sheet and successful refinancing of syndicated loan.
• Implemented countermeasures to contain the cyberattack.

Supply Chain Management

Responsible Procurement

• Code of Conduct for suppliers and service providers
• Sustainability requirements for vehicle manufacturers

Climate-Related Risks & Opportunities

Physical Risks

• Storms, floods impacting demand and operations

Transition Risks

• Regulatory changes, market shifts to alternative mobility solutions

Opportunities

• Growth in shared mobility and electric vehicle market

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001:2015, DIN EN ISO 9001:2015

Third-party Assurance: Deloitte GmbH Wirtschaftsprüfungsgesellschaft

Sustainable Products & Innovation

• Electric vehicles
• SIXT+
• SIXT share

Awards & Recognition

• World Travel Awards

Environmental Metrics

ESG Focus Areas

• Shared Mobility
• Greenhouse gas emissions & air quality
• Resource conservation
• Customer satisfaction
• Data protection and IT security
• Employee concerns
• Corporate Governance, compliance and transparency

Environmental Achievements

• Offsetting estimated remaining emissions since the end of 2023
• Increased share of electrified vehicles in its rental fleet to 17.9% (2022: 11.2%)
• Reduced average CO2 emissions per vehicle internationally from 162 g CO2/km in 2022 to 156 g CO2/km in 2023
• Reduced water consumption per employee at company headquarters

Social Achievements

• Increased number of employees to nearly 9,000 (+13.5% compared to the end of the previous year)
• Revised company culture pillars, introducing six new values (BIG SIXT) and six new leadership principles
• Global health week organized in October, including various digital and physical events
• Improved employee retention rate by four percentage points

Governance Achievements

• Revised remuneration system with part of short-term and long-term variable remuneration dependent on ESG targets
• Introduction of share ownership guidelines
• Implementation of a comprehensive concept of IT security and data protection measures
• Development of a separate Code of Conduct for suppliers and service providers

Climate Goals & Targets

Environmental Challenges

• Higher interest rates
• Significant deterioration in market conditions for e-mobility, leading to increased depreciation and losses from vehicle sales (around EUR 40 million)
• Lower demand for e-mobility compared to combustion engines resulting in substantial revenue loss
• Macroeconomic uncertainties in core markets and declining price trends on used car markets, especially for electric vehicles

Mitigation Strategies

• Increased depreciation
• Significantly brought forward the phasing out of electric risk vehicles
• Investing in high-profile electric car marketing campaigns and investments into charging infrastructure
• Implementing efficiency measures to counter inflation-related increases in material costs and financing expenses

Supply Chain Management

Responsible Procurement

• Code of Conduct for suppliers and service providers

Climate-Related Risks & Opportunities

Physical Risks

• Climate and environmental risks could have a temporary and localised direct influence on demand and business operations

Transition Risks

• Changes to national legal or tax frameworks
• Requirements relating to the equipment of the rental fleet with low-emission or zero-emission drives

Opportunities

• Growing popularity of shared mobility
• Opportunities through vehicle procurement and marketing

Reporting Standards

Frameworks Used: GRI

Certifications: DIN EN ISO 9001:2015, DIN EN ISO 14001:2015

Sustainable Products & Innovation

• Electrified vehicles
• SIXT charge product

Awards & Recognition

• World Travel Awards (18 categories)