Creating a greener, cleaner future
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.
Targets and Aspirations
We aspire to:
- Electrify 100% of our company car fleet by March 2028
- Electrify 100% of our business car fleet by March 2030
- Electrify 70% of our new, light commercial vehicle business fleet by March 2030
We will:
- Actively support customers to transition larger vans and heavy goods vehicles to alternative fuels, reducing CO2 emissions by 50% no later than March 2040
We commit to:
- Reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 (from a FY2019/20 base year)
- Continue to annually source 100% renewable energy 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 providing project finance in the power sector for renewable energy through 2030
Our Achievements
- 89.2% of company car fleet Battery Electric Vehicle ("BEV")
- 64.4% of business car fleet fully electrified
- £901m spent on funding green assets (equating to 11.6% of total NEA)
- £120m invested into funding clean energy projects
Read more about our achievements and progress in our Annual Report.