ALD Automotive

Paris, Francewww.aldautomotive.com/
Invested through
  • Triodos Impact Mixed Fund - Defensive
  • Triodos Impact Mixed Fund - Neutral
  • Triodos Euro Bond Impact Fund
Asset ClassesImpact bonds
Impact strategyImpact Equities and Bonds
ISIN codeXS1892240281
Industry groupTrucking
Aligned with SDGs

ALD Automotive is a car leasing and fleet management company. It operates through two segments: full service leasing and fleet management. With full service leasing customers use a vehicle owned by ALD Automotive and pay a monthly fee for using the vehicles and for services. In the fleet management segment, the customer owns a car fleet and pays a fee to ALD Automotive for providing services such as repair, maintenance, driver support, roadside assistance, insurance, replacement of vehicles. ALD Automotive provides its services to large corporates, small to medium-sized companies and private individuals worldwide. The company operates in 43 countries and has about 6,700 employees. ALD Automotive was established in 1946 and is headquartered in France.

Investment rationale

More efficient use of cars and more environmentally friendly cars are key elements of the transition towards more sustainable mobility. ALD Automotive provides services that enable this transition. Through its services the company achieves a more efficient use of cars and contributes to reducing the number of cars that need to be produced. ALD Automotive also focuses on making its existing portfolio of vehicles more sustainable by increasing the share of more energy efficient cars such as electric vehicles and hybrid vehicles.

With the proceeds of this green bond, ALD purchased 14,212 electric or hybrid vehicles, both new and used. Compared to a similar portfolio of internal combustion engine (ICE) vehicles, these vehicles realise an annual reduction of 31% of GHG emissions and 60% of NOx during their lifecycle (including production, use and end-of-life). While the core activities of ALD Automotive already contribute to a transition towards more sustainable mobility, the green bond issued by ALD Automotive realised further significant positive impact by reducing the environmental footprint of its vehicle fleet.