Thanks to the tool developed in the context of our bond issuance, ALD is also able to evaluate the CO2 and NOx avoided by its green fleet, through a life-cycle approach. The financed part of this fleet, recorded on the balance sheet of ALD, saves 74,200 tons of equivalent CO2 and 358 tons of equivalent nitrogen oxide per year, compared to an internal combustion engine fleet of equivalent power.
In September 2019, the EIB granted a EUR 250m credit envelope to enable ALD’s development of its range of hybrid and electric vehicles across the EU, particularly in France, Germany, Italy, Spain, Belgium and the Netherlands, making it possible to purchase a total of 15,000 vehicles.
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On 4 October 2018, ALD successfully issued its first positive-impact bond, of EUR 500 million with a 4-year maturity. The funds raised are exclusively used to (re)finance a fleet of electric and hybrid vehicles selected according to their climate and environmental impact.
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New mobility solutions
ALD Automotive also places a strategic focus on investing in new mobility solutions that will transform car usage, fostering new behaviors that are gradually shifting the model away from the traditional “one user-one car” scenario. ALD identified three priority areas in which to innovate by 2020: digital and connected vehicles, flexibility, and new mobility solutions including corporate car-sharing.
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ALD’s offer is currently built around two elements:
An Accident Management product: management of incidents, data management, customer reporting (to date, 14 countries have an Accident Management offer)
A driver training program (in 34 countries), based on classroom training courses or digital programs, about accident-prevention, eco-driving and driving an electric vehicle.*
*The companies that have offered these training courses to their employees have seen a very significant fall in their accident rates (responsible accident rates halved) as well as a significant drop in fuel consumption (around 15%).