GRENKE contributes to the responsible use of resources and the preservation of the environment. Consequently, we have committed to being CO2 emission-free by 2025. We have identified three specific fields of action as part of our business activities.
We design attractive financing products for our customers, that facilitate and promote sustainable business practices. To this end, we rely on resource-conserving circular economy within our leasing portfolio, efficient digital processes - both internally and externally - and on minimizing our environmental footprint.
GRENKE is taking numerous measures aimed at reducing greenhouse gas emissions and the effects of climate change.
Higher energy efficiency due to digital and modern building control technology: The company buildings rented by GRENKE Group in Germany always have an energy certificate documenting their respective energy status. In order to continuously reduce energy consumption at our locations, we modernize the technical systems in our buildings continuously. At the same time, we conduct regular energy audits at our German sites, which provide us with a sound overview of energy efficiency in the company and serve as a basis for improvement measures.
A solar power system was installed at the GRENKE headquarters in Baden-Baden. The electricity generated by this system is used internally. This results in a CO2 savings potential of 1.4 million kg over the next 20 years.
Mobility has a significant impact on the ecological footprint. That is why we offer our employees hybrid and electric vehicles as company cars and are striving for a completely CO2-emissions-free vehicle fleet. In this context, we will commission the construction and operation of an additional smart charging infrastructure with 30 charging points at our headquarters for our future e-fleet. Today, we already offer our employees discounted leasing contracts for e-bikes as well as subsidized wallbox charging stations for home use.
The world of work is changing, and GRENKE is changing with it. With fresh concepts, we are designing a working environment that takes into account not only the needs of employees, but also the changing environmental and climate conditions. An example is the Italian headquarters in Milan, where new space concepts based on these factors have been implemented in a modern building. This pilot project is the template for further redesigns of working environments at GRENKE.
To keep the number of business trips to a minimum, we rely on video and telephone conferences as much as possible. If business trips do become necessary, we ensure that they are carried out in an environmental friendly manner. The introduction of a new travel processing tool has completely digitised travel processing at GRENKE. Employees are supported in choosing the preferred means of public transport right through to paperless billing. The tool also enables travelers to hold digital meetings as an alternative to business travel and to choose alternative means of transport for shorter distances in order to save CO2.
As a financing partner, we are not directly involved in the production of goods and commodities. Nevertheless, compliance with sustainability criteria in upstream and downstream processes is important to us. For our customers, we offer a variety of sustainable leasing objects and strive for a circular economy for leasing objects.
We are committed to returning our leasing products to the economic cycle at the end of the lease term. By far the largest proportion of all leased assets are resold to our specialist dealer partners at the end of the lease term. In our main markets Germany, France and Italy, we also have our own asset brokers. These take over leased assets at the end of the lease term, check their functionality and return them to the market.
We are continuously expanding our product portfolio to include sustainable leasing objects, such as e-bikes and green economy products along the three pillars of energy generation, energy storage and energy use.
In collaboration with the Karlsruhe Institute of Technology (KIT) we are developing the GRENKE Sustainability Index (GSI). The GSI evaluates each lease contract in terms of its sustainability and creates transparency for our customers and a greater awareness of sustainable investment opportunities.
Our business model traditionally involves a high volume of records and documents. We want to minimize our ecological footprint also in this area and have set ourselves the goal of digitizing an increasing amount of our processes. Paper consumption is being continuously reduced, for example through the digital customer portal, our electronic signature solutions, but also through digital personnel files.
With the digital personnel file, we allow our employees to process and manage important formalities such as vacation requests or salary statements paperlessly.
Online instead of printed: Our digital customer portal makes it possible to manage contracts, invoices and data online at any time. The portal is available in 21 countries and rollout in other countries is planned. Invoices are sent paperless as far as possible, a process already implemented in 25 countries.
Fast, easy, and paperless: Since 2015, documents at GRENKE can be sent and signed electronically with a legally valid signature. The eSignature simplifies the conclusion of financing contracts, saves paper as well as postage and is currently available in 27 countries. Already 39% of all contracts throughout the Group are signed digitally. The electronic signature is also used within the Group, for example when signing records or contracts between Group companies.