Crédit Agricole’s CA Auto Bank Unveils Comprehensive Sustainability Plan, Targets Electric Mobility Surge by 2026

Crédit Agricole’s CA Auto Bank Unveils Comprehensive Sustainability Plan, Targets Electric Mobility Surge by 2026

(IN BRIEF) CA Auto Bank, a subsidiary of Crédit Agricole Personal Finance & Mobility, unveils its ambitious 2024-2026 Sustainability Plan, aiming to drive ethical profits while championing sustainability across its operations. Anchored by four strategic pillars – Sustainable Mobility, Innovation and Digitalization, Environment, and People – the plan outlines ambitious targets, including increased financing for electric and hybrid vehicles, expansion of charging infrastructure, and a focus on reducing carbon emissions. With a commitment to responsible growth and fostering a supportive work environment, CA Auto Bank is poised to lead the charge towards a greener, more inclusive future.

(PRESS RELEASE) TURIN, 13-Jun-2024 — /EuropaWire/ — In a bid to champion sustainability while driving ethical profits, CA Auto Bank, under the stewardship of Crédit Agricole Personal Finance & Mobility, has revealed its comprehensive 2024-2026 Sustainability Plan. This strategic roadmap is poised to reshape the landscape of mobility, aligning with the group’s overarching societal project aimed at facilitating transitions.

At the core of this initiative lies CA Auto Bank’s mission, encapsulated in the mantra “To create mobility solutions every day for a better planet.” This ethos underpins the four strategic pillars of the plan: Sustainable Mobility, Innovation and Digitalization, Environment, and People, each poised to catalyze transformative change within the organization and beyond.

The Sustainability Plan sets forth ambitious targets, including the provision of financing for electric and hybrid vehicles, with a goal of reaching 55% by 2026. Moreover, Drivalia, the group’s mobility arm, endeavors to elevate the share of new zero- and low-emission models to 35% within its fleet during the same period. Notably, the plan also entails a substantial expansion of the company’s electric charging infrastructure across Europe, aiming to deploy 2,500 stations by 2026.

Aligned with the ethos of responsible growth, the plan underscores CA Auto Bank’s commitment to fostering sustainable and ethical conduct across its operations. This encompasses stringent ESG requirements for suppliers, ensuring that growth is not only financially rewarding but also environmentally and socially responsible.

The plan’s dedication to Innovation and Digitalization is poised to revolutionize internal processes and customer experiences alike. By leveraging digital signatures for contracts and forging partnerships with sustainable-focused startups, the bank aims to enhance service delivery while advancing its sustainability agenda.

Environmental stewardship is a cornerstone of CA Auto Bank’s vision, with a pledge to reduce its carbon footprint and transition to a predominantly electric fleet. By doubling its CO2 emission reduction targets and expanding its electric vehicle fleet to over 50%, the bank is poised to lead by example in the fight against climate change.

Finally, the plan prioritizes the well-being of its people, with initiatives aimed at promoting work-life balance and gender parity within the workforce. Measures such as introducing paid leave for second parents and enhancing employee training underscore the bank’s commitment to nurturing a supportive and inclusive work environment.

In the words of Giacomo Carelli, CEO of CA Auto Bank and Chairman of Drivalia, “The 2024-2026 Sustainability Plan is a cornerstone of our Group’s strategy… We want to drive change towards a more sustainable and inclusive future.” With this ambitious roadmap in place, CA Auto Bank is poised to lead the charge towards a greener, more equitable future for all.

CA Auto Bank S.p.A.
CA Auto Bank is a universal bank, wholly owned by Crédit Agricole Personal Finance & Mobility, which operates as an independent and multi-brand player in the vehicle financing and leasing and in the mobility sector. CA Auto Bank provides a complete range of credit and rental solutions and insurance services. Loan, lease and rental and mobility financing products provided by CA Auto Bank are specifically designed for the sale networks, for private customers and corporate fleets. CA Auto Bank has a presence in 18 European countries (Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Norway, Netherlands, Poland, Portugal, Spain, Sweden, Switzerland and the United Kingdom) and in Morocco, directly or through branches, with a total of over 2,600 employees. Through Drivalia, the Group’s rental, leasing and mobility company, the Bank provides a full range of mobility solutions, from electric car sharing to innovative car subscriptions and rentals of all durations. Drivalia deals with all-round mobility, offering innovative mobility plans that combine flexibility, a digital experience, an on-demand approach, and sustainability. In June 2019, the Company launched the Mobility Store network, physical outlets where customers can have access to all its mobility services. With the opening of the first fully electrified Mobility Store at Torino Caselle airport in 2020, followed by many others, Drivalia has become a leading operator in sustainable mobility. In fact, thanks to the more than 1,600 charging stations installed at all its stores to date, the Company has the largest private electrified network in Italy. The electrification process will proceed in all the European countries where Drivalia operates also in 2024.

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SOURCE: Crédit Agricole S.A.


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