AutoWallis Publishes its First Sustainability Report

Feeling the need to respond to changes in the automotive industry and the market in general, the retail- and wholesale distribution and mobility services business AutoWallis Group is to publish its first sustainability report.

The Group, listed on the Budapest Stock Exchange, is a company operating in 14 countries in the Central and Eastern European region (Albania, Bosnia and Herzegovina, Bulgaria, Czech Republic, Croatia, Kosovo, Poland, Romania, Serbia, Slovakia, Slovenia, North Macedonia, Hungary and Montenegro).

Recent years’ events – the negative impact of the COVID-19 epidemic on the economy, the decline in production and the disruption of supply chains due to a global chip shortage – left a strong mark on the EU passenger car market. The Group says that to become the leading car and mobility provider in the Central and Eastern European region by the end of the decade, and to maintain its successful operations, they need to respond to changes in the automotive industry and the market in general.

“We are prepared for these challenges and we constantly monitor expected trends: these show that the transformation of the automotive industry is inevitable due to tightening environmental regulations, and that innovative and continuous development is needed to bring about technological change. In the future, it will be increasingly important to cover the entire automotive value chain, develop digital sales channels and serve the growing demand for mobility services. Next to the continuous adaptation to the occurring changes, we need to make environmental awareness a key part of our strategy,” the CEO of the AutoWallis Group, Gábor Ormosy says.

Among other things, this is what they intend to present in their first Sustainability Report, by outlining their ESG performance, initiatives and targets in the previous year. “Of these, I would like to highlight that out of the companies listed in the Premium category of the

Budapest Stock Exchange (BSE), we were one of the first to develop a Green Financing Framework and to issue green bonds in the year 2021. In July 2021, we signed a strategic cooperation agreement with the ALTEO Group to develop our e-mobility services by

improving the charging infrastructure and bolstering the distribution of electric vehicles. To take our existing sustainability commitments to the next level, we launched preparations for our ESG certification, supported by the appointment of an ESG Director,” he adds.

The Group’s priorities for the future include maximizing the recycling of waste from their operations and improving the energy efficiency of the Group's properties. Furthermore, they strive to meet an increasing share of their energy needs through using renewable energy sources, to use as many means as possible to support electric driving, and to reduce their carbon footprint by favoring environmentally responsible suppliers.

As the Group’s statement says they are committed to ensuring that their growth is both environmentally and socially sustainable. Therefore, their priority is to ensure that sustainability is appropriately and adequately mainstreamed in all areas of the Group's operations. “We focus on long-term value creation, with a strong emphasis on promoting environmentally friendly solutions and fostering transition. We are pleased to share these plans and achievements with you in our first Sustainability Report.”