The launch of our sustainability action plan indicates our clear commitment to being at the forefront of developing a low-carbon future for all our stakeholders.
Eurowag values
Sustainability and responsibility
We are committed to helping the CRT industry to become clean, fair, and efficient. Our strategy is underpinned by enabling and accelerating the energy transition to a low-carbon future, that will limit global warming to 1.5o C, and we aim to reach Net Zero emissions by 2050. To achieve this, we have set a combination of short-term and long-term decarbonisation targets, both for our own operations and our value chain.
Our approach
Eurowag is driving the transformation of the commercial road transport industry by creating a digitally enabled platform to help SME businesses prosper in the low-carbon economy.
Having worked with experts to analyse our impact on the world, our sustainability approach focuses on the three areas where we can make the biggest difference: our customers, our industry, and our Company, colleagues and communities.
Customers - For customers, our priority is to offer tools and financing to help them thrive in the low-carbon economy.
With Eurowag’s services deeply embedded in carriers' operations, we are using our unique position to help them operate more efficient, sustainable and competitive businesses.
Industry - We are creating structural solutions to accelerate the industry’s transition to a low-carbon future.
First and foremost, this means building the Eurowag platform into a source of connections and resources to inspire and enable a sustainable CRT industry.
Company, colleagues and communities - We are striving to achieve the highest responsible business standards, with an immediate priority to reduce our direct emissions by 50% by 2030.
We are also dedicated to building a truly inclusive culture and are working to have 40% of senior management roles fulfilled by women by 2025.
Governance
Eurowag has formalised a governance framework to oversee the implementation of sustainability into our business.
The Board of Directors is ultimately responsible for ESG and has delegated accountability to the ESG Executive Committee, from where it receives regular updates, as well as periodic presentations. The Committee is facilitated by the VP of Sustainability and comprises one Independent Non-Executive Director, Susan Hooper, the CEO, Martin Vohanka, and senior executives from legal, human resources, communications, commercial and investor relations, as well as an environmental subject matter expert. It sets the strategic direction and monitors progress of the ESG strategy, related policies and reporting, as well as monitoring ESG risks and opportunities. It meets every two months.
The governance is underpinned by a formal ESG policy that codifies and sets out our governance and approach for integrating sustainability into our business, as well as monitoring and reporting on its progress.
FY 2022 highlights and progress
Our business purpose is to make commercial road transportation clean, fair and efficient. To achieve this, we continue to embed sustainability into our business.
The following provide highlights from FY 2022.
Our ESG focus areas include:
- Climate action
- Customer success and well-being
- Company governance and culture
- Community impact
These areas will help us achieve our ESG targets:
- reducing direct GHG emissions from our own operations (Scope 1 and Scope 2) by 50% by 2030 from a 2019 baseline
- reducing our customers’ GHG emissions intensity per tkm by 20% by 2030 from a 2019 baseline
- increasing the share of active trucks using alternative energy and have 80,000 alternative fuel trucks actively using Eurowag products and services by 2030
- increase female representation to 40% by 2025 against a 2021 baseline among our ‘all people leaders’ group. This population includes the senior leadership team including the CEO and CFO, as well as all people leaders with at least one direct report
- achieve a top 25% employee engagement score as compared to EU tech companies benchmark by 2025
ESG data and methodology
In this document, you will find Eurowag's 2022 Environment, Social and Governance (ESG) data, as well as the principles and methodologies we use in reporting ESG topics.
The data reported in FY 2022 covers a wide range of topics, including environment, health and safety, diversity and inclusion, learning and development, as well as charitable donations and employee volunteering.
As part of formalising our ESG strategy in 2021, we set both quantitative and qualitative KPIs to measure progress towards our targets, alongside some other KPIs. In this 2022 report, we present current year KPIs results and other ESG data and their history, including the baseline year.
Case study
Supporting the financial wellbeing of customers and their employees.
In the Czech Republic, over 700,000 people are affected by indebtedness and financial distress, including businesses and employees in the trucking sector (https://www.institut-predluzeni.cz/mapy-a-statistiky/exekuce/) - Exekutorská komora ČR (centrální evidence exekucí) – Enforcement Chamber of the Czech Republic (central record of indebtedness).
Recognising this challenge, our tax refund business is working with the Institute of Prevention and Treatment of Over Indebtedness to raise awareness with our business customers of financial wellbeing services for their employees. The Institute’s available services include professional legal support, advice on debt relief, and financial education. In 2021, we contacted over 6,000 customers and now work with a small, but growing, number of them to support their employees. We launched a special site on our customer portal where customers can find further information. We are working with the Institute to explore the potential for expanding this programme outside the Czech Republic.
