February 15, 2023

• RAILPOOL is the first organization with approved science-based targets in accordance with the Paris Agreement within rail industry
• Action plan has been set to reach robust mid-term target to reduce own emissions by 42% until 2030
• Participation in UN-backed global campaign solidifies RAILPOOLs ambitions to push Europe towards a greener future

Munich, 15 February 2023 – RAILPOOL Group, one of Europe’s leading rail vehicle leasing companies launches into the Race to Zero initiative as the first organization within rail industry with approved short- and long-term science-based targets in accordance with the Paris Agreement.

The UN-backed global campaign “Race to Zero” aims to keep global warming below 1.5°C, uniting governments, businesses, and organizations to work towards achieving a net zero emissions goal by 2050.

Ingo Wurzer, CFO ofRAILPOOL, says: “RAILPOOL has proudly entered this initiative, solidifying our ambitions as a sustainability leader on top of our participation in independent GRESB and EcoVadis ratings. Taking rigorous and immediate action to reduce our emissions by 42% until 2030, we have initiated an achievable milestone plan for our entire organization across Europe. This includes major investment such as the new construction of a workshop in Hamburg Billbrook with a strong focus on sustainability.”

Planned activities comprise the switch to renewable energy, the production of own energy through installation of a photovoltaic system as well as the reduction of gas heating throughout all RAILPOOL locations across Europe. The ongoing expansion of RAILPOOLs fleet, providing sustainable electric and bi-mode locomotives to freight and passenger transport companies will further advance the overall transition in the transport sector.

About RAILPOOL

RAILPOOL is one of the leading rail vehicle rental companies with genuine expertise in full service from a single source. The company was founded in Munich in 2008 and is now active in 19 European countries.

With more than 600 electric and hybrid locomotives and 148 passenger vehicles (with an investment of 2.6 billion euros), RAILPOOL is one of the largest providers in Europe. The RAILPOOL fleet covers 85,000,000 kilometers every year and makes an important contribution to the modal shift to rail. RAILPOOL has six workshops of its own and a warehouse with more than 4,500 different spare parts and components.

RAILPOOL
Flexibility For Rent