WAG Payment Solutions PLC

Recognising that innovation must be matched by enabling regulation, Eurowag has strengthened its public affairs capability. We actively engage with policymakers to advocate for coherent frameworks and incentives that accelerate decarbonisation and digitalisation within the CRT sector, and we caution against scattered subsidies that distort markets and limit systemic progress. [...] We work with industry peers and policy makers through our membership and participation in a number of trade bodies, including the Sustainability Working Group of Fleet Cards Europe, which Eurowag currently chairs. This helps us understand and influence regulatory developments, as well as the impact of current and future policy and regulations at EU and member state level. [...] The Board has overall accountability for ensuring that the Group complies with its legal and ethical commitments to uphold and respect human rights and prevent incidents of modern slavery and human trafficking from occurring. The Executive Committee has delegated responsibility from the Board for directing and overseeing the sustainability strategy, and ensuring that the related policies, including human rights and modern slavery, comply with our legal and ethical obligations. The Sustainability function has primary and day-to-day responsibility for overseeing the implementation of the Company's Modern Slavery and Human Trafficking Policy, as well as monitoring its use and effectiveness, and auditing internal control systems and procedures to ensure that they are effective in countering modern slavery and respecting human rights.

Our interactions with policy makers, regulators and governments are crucial for maintaining our reputation and operational licence in our target markets. We also leverage our position to educate policy makers about our industry and advocate for changes that benefit our customers and markets. [...] Responsible persons General Counsel, VP of Legal and Compliance and VP CRT Decarbonisation [...] How we engaged in 2024 @ Participation in various international and local trade associations: @ UPEI (Europe) – European independent fuel and energy suppliers @ CAPPO (Czech) – Czech Petroleum Association @ FCE (Europe) – European Fleet Card Providers @ IVA (global) – International VAT Association @ AETIS (Europe) – Association of Electronic Toll and Interoperable Service @ EFP (Europe) – EETS Facilitation Platform – Toll management association @ IRU (global) – International Road Transport @ Česmad (Czech) – Association of Road Transport Operators @ POPhIN (Polish) – Polish fuel and industry association @ Engagement with the FCA as a publicly listed company on the London Stock Exchange @ Engagement with the Czech National Bank as a payment services provider @ Engagement with local payment services regulators regarding exemptions from the PSD2 @ Dialogue with EU legislative bodies and member state representatives on various topics: @ Implementation of VAT Committee's guidelines on VAT treatment of fuel cards (European Court of Justice ruling in the Vega International case) @ Legislative proposals for the new Payment Services Directive and Payment Services Regulation ("PSD3" and "PSR") @ Review of the VAT Directive (VAT in the Digital Age initiative – ("ViDA")) @ Treatment of fleet card issuers under local fuel distribution legislation in Lithuania, Estonia and Portugal @ EU Green Deal in relation to road transport and proposed initiatives, such as CountEmissions EU, and CO2 emission standards for heavy-duty vehicles @ Engagement with customs offices regarding fuel distribution and VAT refunds [...] Considerations and outcomes in 2024 @ Several position papers through trade associations @ Position paper on Czech national mobility plan and decarbonisation"
"Continue ongoing, constructive engagement, and advocacy with policy makers to promote a unified and consistent approach to public policy measures. This includes active participation within trade bodies as well as with other like-minded stakeholders in the CRT sector.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We have established an internal working group to define and activate our public affairs strategy on energy transition. This working group includes the CEO, alternative energy and e-mobility teams, sustainability VP as well as external advisors. The core objective of this group is to develop and shape policy that can help SMEs in the commercial road transport sector make the transition to a low carbon future. This includes increasing access to finance, information and infrastructure that is critical to support SMEs make the transition to low carbon vehicles and fuels.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]In 2022 we committed to a number of short, mid and long term targets to reach a 2050 net zero business with no diesel in our portfolio.