| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| Bloomberg ticker | 0134571D LN |
| ISIN code | XS2978917156, XS2678308359, XS2838537566 |
| Aligned with SDGs |
Founded in 1978, Motability Operations is the largest leasing company in the UK intended to enable disabled people, their family, and carers to lease various vehicles, including wheelchair accessible vehicles (WAVs), scooters, and powered wheelchairs. Adaptations can also be installed based on customers' needs to enhance usability. It finances, administrated, and maintains the Motability Scheme, through which the customers' mobility allowance can be used to cover the service.
Investment rationale
As the largest fleet in the UK, Motability provides over 5 million disabled customers with affordable, independent mobility solutions overtime. It has a wide social impact not only for the people with disability, but also their family and the careers. Mobility is important to keep people connected to the world, to access the care they need, and to achieve greater independence and freedom
100% of the proceeds of these social bonds is aligned with the Societal Transition. The contribution to the Societal Transition comes from 100% of proceeds allocated to the impact objective Socioeconomic Advancement & Empowerment.