PARIS, FRANCE: Europcar Mobility Group (Paris:EUCAR) announces today that The Science Based Targets initiative (SBTi) has validated the company greenhouse gas emissions discount targets submitted by the company, deemed to be in conformance with the SBTi Criteria and Recommendations.
The SBTi’s Target Validation Team has classified the company’s scope 1 and 2 goal ambition and has decided that it’s in line with a 1.5°C trajectory. In that framework, Europcar Mobility Group commits to:
- reduce absolute scope 1 and 2 GHG emissions (direct emissions) 46.2% by 2030 from a 2019 base year,
- reduce absolute scope three GHG emissions (indirect emissions) 27.5% over the identical timeframe.
The approval of those carbon reduction targets reinforces the Group’s strategy, which goals at actively contributing to the low-carbon transition, by encouraging the shift from vehicle possession to usage, whereas empowering its customers in more and more utilizing inexperienced mobility solutions.
In 2005, the Group was the primary participant inside the vehicle rental sector to stick to the United Nations Global Compact in favor of sustainable development. In 2019, Europcar Mobility Group reinforced this ambition by becoming a member of the Science Based Targets initiative, to take actions in line with the objectives of the Paris Agreement, and by launching its “One Sustainable Fleet” program.
Since 2021, this ambition is embedded in a complete carbon discount plan, permitting the Group to have a systemic approach, encapsulating and driving all key processes which have an effect in phrases of carbon reduction: fleet procurement and financing, non-fleet purchasing, car coverage and enterprise travels, community of stations, merchandise providing and services.
As a half of this plan, the Group will increase the share of inexperienced vehicles (EVs, PHEVs) inside its fleet over the years. In that perspective, the Group introduced in September 2021 robust “greenification” targets for its fleet, inside the framework of a refinancing program of its fleet:
- reducing carbon emissions for its car and van fleet to attain an common of ninety three g CO2/km for passenger cars and of 144 g CO2/km for vans respectively, by the finish of 2024,
- targeting to have inexperienced vehicles (less than 50 g CO2/km) accounting for 20% of its car and van fleet by the finish of 2024.
Caroline Parot, CEO, Europcar Mobility Group said, “Mobility, which accounts for nearly 30% of carbon emissions in Europe, is on the coronary heart of the transition points our world is currently facing. As a number one mobility service company, we’re dedicated to taking our a half of the necessary re-design of mobility ecosystems, making inexperienced mobility options available, at scale, to our customers, being true to our purpose: “offer attractive alternatives to vehicle ownership, in a accountable and sustainable way”.
In this context, I welcome the approval of our targets by the SBTi, giving weight to our systemic approach of carbon reduction. We plan to leverage this approval, pushing additional our “low-carbon initiatives” in all of the Group’s key functions, and progressively bringing our customers on board”.
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