Geotab releases report charting its path to net-zero
To coincide with COP26 in Glasgow, Geotab, the world’s largest commercial telematics company, has released its inaugural sustainability report, charting its course for net-zero emissions.
Before we continue, Geotab is one of the sponsors of the Fleet Europe Summit 2021, taking place in Brussels next week (9-10th November). Register here for the first in-person event of its kind since before the pandemic.
In the report entitled: Moving the World to a Sustainable Future, Geotab acknowledges the role it plays as an enabler of low-carbon fleets and supporting infrastructure. The company embarked on its sustainability journey after creating it first greenhouse gas emissions inventory in 2019.
Creating a better world for generations to come
"Climate change is one of the most important issues of our time,” said Neil Cawse, Chief Executive Officer of Geotab. “Our commitment to net-zero greenhouse gas emissions by 2040 is not just about us – it’s about creating a better world for the generations to come. And as a global leader in connected transportation, we have a unique opportunity to work with our peers and partners to help move the commercial transport ecosystem to carbon neutrality. This is something we take very seriously—from being a core driver in our innovation and product strategy, down to the companies with whom we do business, and the tactical decisions our team makes on a day-to-day basis. We recognise that setting targets is easy -- achieving those targets is hard. We see this as a painful necessity that we, along with our forward thinking customers, must do in order to do the right thing for our future."
A carbon-free future and climate change demand action, not just words, but Geotab has been actively making efforts towards sustainability, which it has organised into four key pillars: safeguarding the environment, sourcing responsibly, providing innovation that helps organisations do things better and do better things, and creating positive impact in communities, for some time.
In 2020, highlights across the four pillars included:
- Focused efforts on product innovations that drive sustainable and safer transport.
- Established relationships with critical partners, like vehicle manufacturers, charging infrastructure providers, governments and other key drivers within the transportation ecosystem that are crucial to making the green transition to sustainability.
- Set a near-term target for Scope 1 and 2 to reduce greenhouse gas (GHG) emissions by 50% by 2030. Committed to achieving net-zero for Scope 1, 2 and 3 emissions by 2040.
- Achieved 19% reduction in Scope 1 emissions, 16% reduction in Scope 2 emissions, and 32% reduction in Scope 3 emissions.
- Diverted 54.6% of waste from landfills through adoption of a corporate-wide sustainable approach to recycling.
- Established a Corporate Social Responsibility Task Force to create definitive action plans to advance environmental, social, and governance (ESG) efforts across global operations.
In addition, Geotab is helping its 50,000+ customers and partners globally to achieve sustainable transportation outcomes. With over 2.5 million vehicles using Geotab worldwide, its customers’ fleets emitted over 25 million metric tons of CO2 in 2020. An increase in efficiency by even just 5% would equate to a decrease of CO2 emissions by 1.25 million metric tons per year.
Geotab has committed to publishing its sustainability report annually. The 2021 report can be accessed here.
Image of the cover of Geotab's 2021 sustainability report, courtesy of Geotab