Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Belgium
  4. Euronext Bruxelles
  5. Proximus SA
  6. News
  7. Summary
    PROX   BE0003810273


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Proximus : How Proximus' mobility budget can incentivise change

09/16/2021 | 01:12pm EDT
Incentivising Green Choices

The main pillar of the Proximus mobility budget is to incentivise green choices by valorising certain aspects of the company car. In simple terms: the less you use your car, and the more environmentally friendly your car is, the more other benefits you get. For example: if our employees opt for a smaller car that emits less, or for an electric car, they have more budget left per month to spend on train tickets (also for private use), other forms of shared mobility, or even the purchase of a bicycle.

This also works the other way around: if you make a choice that is not particularly sustainable, it will cost you more. For example, parking in Brussels is more deductible on off-peak days and times to incentivise a better spread of employees on the road and in our offices. This is only one of many examples of small ways that we incentivise less and more well-considered car usage.

Lowering the threshold

A second important aspect of the mobility budget at Proximus is lowering the threshold to allow our employees to make green choices more easily. To achieve this, we have partnered with Vaigo to integrate all of the options within our mobility budget on one platform. This makes it easy for employees to purchase tickets, enter their expenses, keep an overview of their spending, and plan their travel.

Another way to lower the threshold is by making sure we offer options that are viable for every employee's unique situation. This encompasses the choice of cars in our company car fleet, as well as the types of shared mobility and options for electric charging we offer. Our collaboration with Vaigo makes it possible to integrate the offering of a wide range of suppliers, while also maintaining a personal relationship with each of those suppliers in order to maximally tailor their services to the needs of our employees.

Offering Flexibility

Back in the day, employees could choose between a company car or a season ticket for the train, and that was it. But most people don't have the same schedule or needs every day. Offering maximum flexibility to make a different choice dependent on the situation is key to stimulating green choices whenever viable. I can take my bike to the train station one day, take my car instead when it's raining, or work from home when feasible without wasting any of my budget on unused options.

This flexibility also extends to employees in exceptional circumstances. We offer extra fuel compensation for those who have to travel great distances in their car due to the nature of their work, as well as additional train reimbursement for those who live very far from work. This is also why our mobility budget is not based on the federal mobility budget: we want to be able to offer more flexibility and to guide mobility choices of our employees, much of which is impossible within the current legal framework.

The result of these strategies? Ten years ago our employees drove an average of 35.000 km per year in their company cars, today that average has decreased to 24.000 km per year. After some initial hesitance, employees who switch from company car to mobility budget are hooked and make excellent use of it. Flexible public transport options are especially popular; we expect more extensive adoption of bicycles as infrastructure improves.

And for my family and me? Due to the more rural location of our house, abandoning the company car completely is not possible for now. But thanks to the mobility budget, I can see us evolving to a situation where we have one car instead of two, and where we only use it when strictly necessary. After all, the available greener choices are better for the world my children live in, for our own comfort, and for my bank account. Clearly, the mobility budget is a win-win.

Gregory Jacobs

Compensation & benefits manager Proximus


Proximus SA published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 17:11:05 UTC.

ę Publicnow 2021
All news about PROXIMUS SA
10/26IT TAKES A VILLAGE : building the fiber network
10/21PROXIMUS : We all have a role to play in a better future
10/20Airbus, Streamwide Consortium To Work On Final Phase Of Pan-European BroadWay Mobile Br..
10/20PROXIMUS : The network of the future on a roll in Wallonia
10/18PROXIMUS : starts a new phase in its collaboration with Streamz
10/14PROXIMUS : to provide more than 60,000 homes and businesses in the Brussels Periphery with..
10/11PROXIMUS : Belfius and Proximus launch Beats, a tailor-made offer combining banking and te..
10/05PROXIMUS : Banx, the digital app for sustainable banking, is entering the Belgian market t..
10/04PROXIMUS : Fiber is here for us … and for our grandchildren
09/29HCL TECHNOLOGIES : Bags Multi-Year Contract from Belgium-Based Communications Company
More news
Analyst Recommendations on PROXIMUS SA
More recommendations
Sales 2021 5 504 M 6 386 M 6 386 M
Net income 2021 495 M 574 M 574 M
Net Debt 2021 2 927 M 3 396 M 3 396 M
P/E ratio 2021 11,3x
Yield 2021 6,98%
Capitalization 5 550 M 6 435 M 6 440 M
EV / Sales 2021 1,54x
EV / Sales 2022 1,54x
Nbr of Employees 10 542
Free-Float 42,0%
Duration : Period :
Proximus SA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PROXIMUS SA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 20
Last Close Price 17,20 €
Average target price 18,61 €
Spread / Average Target 8,17%
EPS Revisions
Managers and Directors
Guillaume Boutin Chief Executive Officer
Mark Reid Chief Financial Officer
Stefaan de Clerck Chairman
Geert Norbert Rene Standaert Chief Technology Officer
Antonietta Mastroianni Chief Digital & Information Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
PROXIMUS SA6.11%6 435