CA Auto Bank S.p.A.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:15,481.04 tCO2e/year (Scope 1 and 2)
Scope 1 Emissions:13,495.06 tCO2e/year
Scope 2 Emissions:1,985.98 tCO2e/year
Scope 3 Emissions:752,103.85 tCO2e/year
Total Energy Consumption:60,210,441.01 KWh/year
Water Consumption:0.065 m3/year
Carbon Intensity:6.76 tCO2eq/employee
ESG Focus Areas
- Sustainable Mobility
- Innovation and Digitalization
- Environment
- People
Environmental Achievements
- Expanded partnerships with leading electric mobility brands (Tesla, VinFast, Lucid)
- Drivalia's electrification strategy: expanding fleet of PHEVs and BEVs (aiming for 50% electric or plug-in hybrid by 2026), increasing charging points across Europe (aiming for 3,500 by 2026)
- Launched Drivalia Future, a marketplace for off-lease and end-of-subscription vehicles (circular economy initiative)
- Launched Green Change and Miles Recharge (financial products promoting electric vehicles)
Social Achievements
- Launched a pan-European customer portal for improved communication and self-service
- Implemented a robust IT security framework (ISO 27001 aligned)
- Updated customer complaint handling policy
- Implemented a digital lead management platform across all operating countries
- Improved processes for presenting revolving credit offers
- Conducted a pan-European customer satisfaction survey (2098 respondents)
Governance Achievements
- Established a comprehensive internal control system
- Established a Supervisory Board to ensure implementation of the Organization, Management, and Control Model and Code of Conduct
- Implemented an anti-corruption training program for all employees
- Developed a three-year Group ESG strategy (to be unveiled in the first half of 2024)
- Continued ESG risk assessment using Sustainalytics and aligning with ECB's climate stress test scenario
Climate Goals & Targets
Long-term Goals:
- Become a leading independent player in auto, rental, and mobility financing
Medium-term Goals:
- Achieve 55% financing of new BEV and hybrid vehicles by 2026
- Achieve 35% financing of new BEV cars by 2026
- Increase Drivalia's fleet of zero- and low-emission vehicles to 35% by 2026
- Increase Drivalia owned charging points to 2,500 by 2026
- Introduce 28 days of fully-paid leave for second parents by 2025
Short-term Goals:
- Reduce CO2 emissions by 16% by 2026 (compared to 2022)
Environmental Challenges
- Complex geopolitical environment (Russia-Ukraine conflict, Middle East conflicts)
- Loss of agreement with Stellantis (Wholesale Financing business line decline)
- Increased financial expenses due to ECB's tightening of key interest rates
- ESG risks (climate change, reputational, compliance, conduct)
- Data limitations in calculating renewable energy share and Scope 3 emissions from Drivalia's leasing activity
Mitigation Strategies
- Developed alternative sourcing strategies
- Strengthened partnerships with other automotive brands
- Implemented cost control measures
- Developed a robust ESG risk management framework
- Implemented a Sustainability Plan (2024-2026) to address ESG challenges
- Improved data collection processes for carbon footprint calculation
Supply Chain Management
Responsible Procurement
- Code of Conduct
- ESG clauses in contractual templates
- Supplier portal with NDA, GDPR, Code of Ethics, and General Terms and Conditions
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Flooding
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI Standards 2021
Certifications: ISO 27001 (Information Security Management System - planned)
Third-party Assurance: PricewaterhouseCoopers S.p.A. (PwC S.p.A.) - Limited assurance
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Green Change
- Miles Recharge
- Drivalia Future
- E+Share Drivalia
- CarCloud
- CarBox
- Be Free EVO
- Drive to Buy