Aves One publishes Sustainability Report 2022 and achieves milestones in the implementation of its ESG strategy

Press release

Aves One publishes Sustainability Report 2022 and achieves milestones in the implementation of its ESG strategy
 

• Significant progress in the implementation of the sustainability strategy
• Reduction of CO₂ emissions by more than 40 % compared to the base year 2019
• Reduction of emissions by around 66% planned until 2030 compared to 2019
• First-time participation in the GRESB rating with above-average score

 
Hamburg, 27 February 2023 - Aves One AG, an owner of durable logistic assets specialising in freight wagons, has published its sustainability report for the year 2022. The company has made significant progress in implementing its ESG strategy. For instance, Aves One sets a target to reduce its corporate carbon footprint (CCF) by around two-thirds until 2030 compared to the 2019 baseline. As in the previous year, Aves One offsets the CO₂ equivalents by supporting a climate protection project in the Democratic Republic of Congo.

"We are proud of exceeding our own savings targets. This progress illustrates the success of our resource-saving and climate-friendly business development. Furthermore, we are pleased to be able to offset our emissions in a meaningful and effective way through the climate protection project in Virunga National Park ", says Tobias Aulich, Member of the Management Board of Aves One AG.

The project in Congo's Virunga National Park harnesses the flows of the Rutshuru River to generate sustainable energy through a hydro-power plant. With a output of 13 megawatts, the Matebe plant generates clean electricity for households and small businesses. Thereby, around four million inhabitants gain access to electricity. This gives people an alternative to expensive energy sources such as paraffin or charcoal. In addition, the hydro-power plant provides electricity for street lighting in the surrounding villages, thus ensuring more safety during the dark hours.

In order to meet its commitment to sustainable climate protection and the 1.5-degree target of the Paris Climate Agreement, Aves One decided to voluntarily participate in the internationally renowned ESG sustainability rating GRESB for the first time in 2022. With 80 out of 100 in the GRESB Score 2022, Aves One achieved a rating that is slightly above the average of all infrastructure companies or funds assessed.

Aves One contributes to the growth of rail freight transport as well as to the protection of the environment and society with its sustainable business model as an owner of durable logistic assets specialising in freight wagons. Aves One's implementation of various CO₂ reduction measures is having a clear impact. Aves One is committed to further reducing the Corporate Carbon Footprint (CCF). In doing so, the company focuses on reducing consumption values and choosing more climate-friendly sources for services, raw materials and energy. The Aves One freight wagon fleet avoided more than 160,000 t CO₂e (CO₂ equivalents) already in 2022, thus making a significant contribution to achieving the United Nations 1.5-degree climate target.

About Aves One AG
Aves One AG is an asset owner of durable rail assets with a modern and profitable freight wagon portfolio. Aves One is an established participant in the European rail freight market. In addition to freight wagons, our portfolio also includes swap bodies. Our retail customers are state railway companies as well as industrial and logistics companies.

Further information
www.avesone.com

Contact
Aves One AG
Tobias Aulich, Member of the Management Board
T +49 (40) 238 304 600
E ir@avesone.com