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Sustainability

Sustainability is an important part of Ebusco’s foundations, constituting an essential strategic pillar. The sustainability goals are fully integrated into our business and tied into SMART criteria (Specific, Measurable, Achievable, Relevant and Time-bound).

 

Ebusco’s role in the ENERGY TRANSITION

Ebusco is determined to play a leading, innovating and guiding role in the energy transition of public transport worldwide.

This ambition involves People, Planet and Profit. This can also be inferred from our mission: Ebusco’s mission is to contribute to a better living environment by bringing about safe, sustainable, emission-free and affordable public transport. The following table shows the links between the various components of the mission with the three Ps:

Ebusco People Planet Profit EN

People, Planet, Profit

In order to achieve the ambitions in the area of Corporate Social Responsibility (CSR), Ebusco takes its responsibility for the effects of its business activities on people and the environment extremely seriously. The following infographic explains for each component subject what our focus points are.

Stakeholders Stakeholders Stakeholders
People
Planet
Profit
Ethics
Safety
Employability
Production
Energy
Air
Image
Innovation
Continuity

 

Materiality Analysis

A materiality assessment is a systematic and strategic tool that companies use to navigate the complex terrain of sustainable business. The primary goal is to identify and rank sustainability issues based on their relevance and potential impact on the organization and its stakeholders. By integrating considerations in the areas of environment, social, and governance (ESG), companies can align their operations with sustainable principles. These issues are vital as they affect a company’s ability to create both positive and negative value.

The main goal of this analysis was to determine the topics that are most relevant and important (material) for Ebusco, both in the current context and in the near future. This was also put in context to potential risks and opportunities. Ebusco conducted this assessment with a comprehensive approach, involving internal and external stakeholders through questionnaires and interviews. The goal was to obtain a balanced, unbiased holistic view of what is of utmost importance to all our stakeholders, taking into account Ebusco’s impact on society and the environment and vice versa. The results of this rigorous process were also presented in Ebusco’s Annual Report, which was published in March 2024.

 

Sustainability Regulatory Compliance

In October 2022, the European Union advanced its commitment to sustainability by introducing the EU Green Deal and related regulations. This initiative emphasizes the EU’s dedication to tackling the climate crisis and promoting sustainable practices across all sectors. Key among these developments is the Corporate Sustainability Reporting Directive (CSRD), which replaces the Non-Financial Reporting Directive (NFRD) and raises the bar for corporate sustainability reporting. The CSRD mandates clear, reliable, and comparable information on environmental, social, and governance (ESG) practices, and its initial implementation is set for the 2024 financial year for listed companies like Ebusco, with reports due in 2025.

  • Ebusco, along with other listed companies, must now align with the new European Sustainability Reporting Standards (ESRS), ensuring transparency and detailed documentation of their sustainability efforts. This includes having an external audit for the annual report of 2024, with Ebusco selecting six non-financial key performance indicators (KPIs) from the CSRD scope for limited assurance testing.
  • Furthermore, the European Taxonomy (EUT) complements the Green Deal by providing a classification system to label economic activities as ‘green’ or ‘non-green’. This helps companies like Ebusco to align their operations with the EU’s environmental objectives and verify their ‘green’ credentials.
  • Additionally, the CSRD is supported by the Corporate Sustainability Due Diligence Directive (CSDDD), a directive focused on increasing corporate accountability and responsibility in environmental and human rights impacts within company operations and supply chains. While details are forthcoming, this directive will enforce thorough due diligence processes.

Together, these initiatives represent a comprehensive approach by the EU to integrate sustainable practices into the core of business operations, ensuring environmental responsibility and transparency in corporate activities.

ESG ratings

Sustainalytics MSCI EcoVadis
  • ESG Risk Rating: 29.5 (medium risk)
  • Position: in the 46th percentile of 129 ‘Heavy Machinery and Trucks’ companies
  • Updated: April 2023
  • ESG Rating: AA
  • Position: In the 36th percentile of 34 ‘Machinery & Heavy Trucks’ companies
  • Updated: October 2022
  • ESG Rating: Bronze
  • Position: in the 68th percentile of all ‘Manufacture of motor vehicles’
  • Updated: October 2023
Source: https://www.sustainalytics.com/esg-rating/vicinity-centres/ebusco-holding-nv/2009064807 Report only available to (paying) investors Report only available to (paying) clients of EcoVadis

Note: The ESG ratings presented are provided for information purposes only and are solely based on the opinions of the organizations issuing such ratings. Ebusco does not imply its endorsement of, or concurrence with, these ratings. Prospective investors themselves must determine the need and relevance of the ESG ratings information, in making certain investment decisions, as they do not constitute direct recommendations to buy or sell. They simply present an objective evaluation of Ebusco’s ESG management and performance.

Transdev Ebusco 3.0 series production
Life-Cycle Assessment Ebusco 2022

Life-Cycle Assessment of our 3.0 bus

For our Ebusco 3.0 bus, we conducted a full Life-Cycle Assessment (LCA) analysis in consultation with TNO, a renowned Dutch organization specializing in applied scientific research. This comprehensive LCA evaluated the environmental impacts and resource use throughout the entire lifecycle of our 3.0 buses, encompassing both the 12-metre and 18-metre models, including their batteries.

Employing a cradle-to-grave approach, the assessment covered every stage from the extraction of raw materials, through manufacturing and operational use, to end-of-life disposal and recycling.

The insights gained from this LCA with TNO’s expertise are invaluable. Following this thorough analysis, we have obtained a full LCA-verification and developed Environmental Product Declarations (EPD). These EPDs provide transparent, scientifically based information about the environmental performances of the Ebusco 3.0 12-metre and 18-metre buses, underscoring our commitment to sustainability and responsible innovation in the field of public transportation. To explore the details of our EPDs, go to:

 

Value Creation Model

At Ebusco, our primary objective is to deliver lasting value to all stakeholders involved with our company. We believe our responsibilities extend beyond mere profit generation; we are committed to positively impacting the environment and society at large. Selling electric buses is a fundamental aspect of our business, but it’s just one part of a larger narrative. We consider the broader implications of our products, especially in terms of reducing environmental pollution and benefiting the communities that utilize them. This holistic approach is integral to our strategy for creating meaningful and sustainable value.

Our objective is to benefit a variety of groups: the customers who buy our buses, our investors, our employees, the passengers on our buses and the wider society. Our value creation model demonstrates our process of achieving long-term value for our stakeholders and is based of the International Integrated Reporting Council (IIRC) principles. Our approach is both practical and mindful, with the aim of bringing about real improvements in public transportation. We align our goals with the United Nations Sustainable Development Goals.