Climate Change Data

W.A.G payment solutions plc

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:2667 tCO2e/year (market-based)
Scope 1 Emissions:1316 tCO2e/year
Scope 2 Emissions:1351 tCO2e/year (market-based)
Scope 3 Emissions:4,546,185 tCO2e/year (2019 data)
Total Energy Consumption:6,979,760 kWh/year
Carbon Intensity:6.10 tonnes CO2e/refuelling point (petrol stations, location-based), 34.52 tonnes CO2e/thousand sqm (offices, location-based)

ESG Focus Areas

  • Climate change
  • Diversity, Equity, and Inclusion (DEI)
  • Employee engagement
  • Supply chain sustainability
  • Responsible procurement
  • Human rights
  • Anti-corruption
  • Data protection
  • Community investment

Environmental Achievements

  • Set a target to reduce emissions from own operations by 50% by 2030 (Scope 1 and Scope 2)
  • Initiated a climate-risk assessment
  • Began renewable-energy purchasing and investments
  • Continued expansion of alternative and e-mobility solution offering

Social Achievements

  • Refreshed and published policies to support DEI and human rights
  • Improved customers’ wellbeing (connecting truck drivers via Road Lords app)
  • Made roads safer (helping enforce regulations)
  • Promoted diversity, equity and inclusion

Governance Achievements

  • Formalised a new ESG strategy
  • Established a sustainability function
  • Strengthened ESG governance
  • Expanded the scope of ESG performance metrics publicly reported

Climate Goals & Targets

Medium-term Goals:
  • Achieve 40% female representation in leadership roles by 2025
  • Reach top 25% in employee engagement score in EU Tech companies by 2025
Short-term Goals:
  • Reduce emissions from own operations by 50% by 2030 (Scope 1 and Scope 2)

Environmental Challenges

  • Supply chain disruptions
  • Potential shortage of drivers
  • Regulatory measures (e.g., retail fuel price caps)
  • Geopolitical uncertainty (e.g., war in Ukraine)
  • Energy supply shortages
Mitigation Strategies
  • Diversifying energy-supply partnerships
  • Cost-saving measures
  • Actions to stimulate revenue growth
  • Promoting customer loyalty
  • Compliance with sanctions and suspension of services in Russia
  • Providing fuelling for humanitarian convoys

Supply Chain Management

Responsible Procurement
  • Due diligence checks on suppliers
  • Engagement with suppliers on climate, compliance, and human rights

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Flooding
  • Droughts
Transition Risks
  • Rapid shift in regulation and policy
  • Higher price of fossil fuels
  • Inability to keep pace with regulatory changes
Opportunities
  • Incorporate energy transition into business model
  • Successful electrification of commercial road transport

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 14001:2015

Third-party Assurance: KPMG Česká republika, s.r.o.

Sustainable Products & Innovation

  • EV mode in Sygic navigation app
  • Telematics solution for mixed fleets (including e-trucks)
  • eFleet Management offering

Awards & Recognition

  • Sygic recognized for contribution to sustainable mobility by Emerging Europe

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:4353 tCO2e
Scope 1 Emissions:2907 tonnes CO2e
Scope 2 Emissions:1978 tonnes CO2e (market-based)
Scope 3 Emissions:5124571 tonnes CO2e

ESG Focus Areas

  • climate action
  • customer success and wellbeing
  • community impact
  • responsible business

Environmental Achievements

  • Reduced direct emissions (Scope 1 & 2, market-based) by 11% compared to baseline year 2019
  • Installed solar panels almost doubling on-site renewable energy generation capacity
  • 0.5% reduction in GHG emissions per tkm across Eurowag’s customer fleet compared to baseline year 2019
  • 780 active alternatively fuelled commercial vehicles using Eurowag solutions (121% increase)

Social Achievements

  • 69% of customers surveyed agreed Eurowag supported their business success
  • 74% of customers surveyed agreed Eurowag supported their wellbeing and safety
  • 79% of eligible employees participated in the Philanthropy & You programme
  • 35% women in leadership roles
  • Launched Eurowag Women’s Network

Governance Achievements

  • Published new Speak Up (Whistleblowing) Policy and launched an Integrity Line
  • 75% of employees completed human rights training
  • Improved CDP Climate Change score from C to B

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • 80,000 active alternatively fuelled commercial vehicles using Eurowag products and services by 2030
  • 20% carbon intensity reduction per tkm by 2030 (baseline year 2019)
Short-term Goals:
  • Reduce GHG emissions from own operations by 50% by 2030 (baseline year 2019)
  • Achieve top 25% employee engagement score by 2025
  • 40% women in leadership roles by 2025

Environmental Challenges

  • Challenging macroeconomic pressures impacting the CRT industry (reduced freight demand, less kilometers driven, high inflation and interest rates)
  • Insufficient fuel at energy payments network due to sanctions and Middle East unrest
  • Balancing product disruption in Central Europe due to Russian oil ban
  • Non-compliance with EETS Charger SLAs
  • Cyber attacks
  • Talent retention and attraction
  • Climate change and energy transition
  • Extreme weather events
  • Regulatory changes
  • Customer defaults
  • Processes execution risk due to acquisitions
  • Liquidity risk due to high debt and toll price hikes
Mitigation Strategies
  • Diversification of products, services, and geographies
  • Centralised procurement, continuous monitoring, scenario analysis, and diversification of energy types
  • 24/7 helpdesk and technical support, performance monitoring, incident management, and recovery procedures
  • Continuous improvement of cyber security standards, following ISO 27001
  • Talent pool nurturing, retention plans, succession plans, and DEI initiatives
  • Investment in alternative fuels, electrification, and digital solutions, formal sustainability strategy and net zero plan, engagement with OEMs, and business continuity plans
  • Initial credit evaluation, continuous credit monitoring, receivables ageing analysis, credit insurance, collateral measures, and factoring facilities
  • Post-merger integration processes, consulting firms, processes design department, internal controls framework, and operational model transformation
  • Refinancing project, modification of loan terms, and improved payment terms with customers and suppliers

Supply Chain Management

Responsible Procurement
  • Codes of Conduct for employees and suppliers
  • Climate neutral shipping services

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting workplace access, business operations, and asset usability
  • Droughts and flooding impacting supply and asset operability
Transition Risks
  • Rapid shift in regulation and policy, higher fossil fuel prices, inability to keep pace with regulatory changes, talent retention challenges
  • Disjointed policies across Europe, slow transition to low-carbon solutions
Opportunities
  • Increased revenue from alternative fuel offerings and eMobility solutions
  • Increased reputational gain and market share from leading the energy transition

Reporting Standards

Frameworks Used: TCFD

Sustainable Products & Innovation

  • Alternative fuel offerings, eMobility solutions, route optimization, driver behavior tools

Awards & Recognition

  • Diggit Gold Award (i.triglav mobile app)