Creating a greener, cleaner future
Targets and Aspirations
MHCUK has transitioned to become a more sustainable business, with climate action as a priority. We are focused on making a material impact – a market-leading, positive, significant and lasting difference – predominantly in the road transportation sector.
Our priorities are vehicle electrification and supporting the development of the UK’s charging infrastructure, working with like-minded partners to support our customers’ decarbonisation ambitions. We are also committed to providing project finance in areas such as solar and battery storage, making sustainable options more accessible, in line with our environmental policy.
In 2025, we began to review our decarbonisation targets to ensure alignment with evolving business priorities, regulations, and customer expectations.
We aspire to:
- Electrify 100% of our company car fleet by March 2028
- Electrify 100% of our new direct business car fleet by March 2030
- Electrify 70% of our new direct light commercial vehicle fleet (2.8 tonne and under) by March 2030
We commit to:
- Reduce absolute Scope 1 and 2 GHG emissions by 50% by March 2030 (from a FY2019/20 base year)
- Continue to source 100% renewable energy annually by the end of 2030
- Reduce absolute Scope 3 emissions from business travel, employee commuting, and waste by 30% by 2030 (from a FY2019/20 base year)
- Reduce absolute Scope 3 emissions from downstream leased assets by 30% by 2030 (from a FY2019/20 base year)
- Continue growing assets linked to climate action and affordable clean energy
Our Achievements
- 94.6% of company car fleet Battery Electric Vehicle ("BEV")
- 78% of new direct business car fleet to BEV
- £838m spent on funding green assets (equating to 9.9% of total NEA)
- £113m invested into funding clean energy projects
Read more about our achievements and progress in our Annual Report.