15 Nov 19

LeasePlan publishes first Sustainability Report

In 2018, 2.1% of LeasePlan’s fleet was electric. In 2019, 5.7% of new vehicles were EVs. Both figures should be 100% by 2030. Annual Sustainability Reports will document that journey. The first one was published this week. 

“Climate change is the biggest challenge we face as humanity. We’re determined to play our part. That’s why we want to achieve zero tailpipe emissions from our entire fleet of 1.9 million vehicles by 2030, starting with our employees’ vehicles,” writes LeasePlan CEO Tex Gunning (pictured) in the foreword to LeasePlan’s Sustainability Report 2018/19. 

Three pillars

The Report outlines LeasePlan’s progress on its overall sustainability strategy, which consists of three pillars: 

  • Shaping a low-emission future. First, by having LeasePlan’s employee fleet go zero-emission by 2021, or as early as local conditions allow. Then its entire fleet by 2030. LeasePlan is a founding partner of EV100, a global business initiative to fast-track EV uptake among world-leading corporations. 
  • Contributing to societal wellbeing. Focus areas: increasing workforce diversity, having suppliers and partners abide by its Code of Conduct, improving driver safety and employee engagement, and working to have a positive impact on communities. 
  • Reducing environmental impact. Focus areas: reducing energy use and CO2 emissions, and increasing renewable energy used in LeasePlan buildings. 

Progress scorecard

The report provides detailed information on the company’s activities in each of the above areas, as well as a scorecard outlining its progress. Some remarkable figures:

  • First pillar (low-emission future):
    • 7.9 million tons: total CO2 tailpipe emissions in 2018. Target by 2030: 0 tons.
    • 145 g/km: average CO2 emissions per vehicle. Target by 2030: 0 g/km
    • 8%: share of BEVs in employee fleet in 2018 (+700% on 2017). Target by 2021: 100%.
    • 8,260 tons: CO2 tailpipe emissions by employee fleet offset to zero (=100%). 
  • Second pillar (societal wellbeing):
    • 27%: female employees at top three layers in 2018. Target by 2021: 30%.
    • 90%: share of spend covered by Code of Conduct in 2018. Long-term target: 100%.
  • Third pillar (environmental impact):
    • 19%: renewable energy share in LeasePlan buildings in 2018. Target by 2022: +10%.
    • 46 kWh: energy use per m2 in LeasePlan buildings. Target by 2022: -10%.

Key initiatives

The Report highlights three key initiatives rolled out by LeasePlan to further its sustainability goals in the near future: 

  • A full-package electric vehicle (EV) solution for customers in 12 countries worldwide. A growing proportion of the LeasePlan fleet is now EV, showing sustained customer engagement with the company’s zero-emission strategy  
  • LeasePlan’s first Green Bond Framework, which will be used to finance or refinance the purchase Battery Electric Vehicles (BEVs). The EUR 500 million bond attracted more than EUR 3.5 billion of demand from around 260 investors
  • A series of educational EV events for customers and publishing multiple insights and guides, such as the popular Sustainable Fleet Benchmark, to help customers make informed decisions about electric driving

Says Tex Gunning: “We want to be transparent with our customers, investors and other stakeholders, about how our zero-emission journey is going and where we can improve. Our mantra is simple: if it’s reportable, it’s measurable – and then we can be held accountable.”

Authored by: Frank Jacobs