Geotab has outlined its commitments to helping fight climate change in its inaugural Geotab Sustainability Report.
The report, which leverages 2019 as a baseline for measuring Geotab’s 2020 sustainability efforts and results, presents a new target for the business to achieve net-zero emissions by 2040.
"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 recognize 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."
Some examples of the company’s plans to achieve its goals include putting into place greener energy sources for its buildings, reducing materials and other carbon-emission elimination strategies.
Beyond its efforts within its own operations to drive to net-zero, with the transportation sector accounting for a significant source of greenhouse gas emissions globally, Geotab recognises that its greatest impact on climate change can be realised through its focus on helping its more than 50,000 global customers and partners achieve sustainable transportation outcomes.
With around 2.5m vehicles using Geotab worldwide, its customers’ fleets emitted more than 25m metric tons of CO2 in 2020. An increase in efficiency by even just 5% would equate to a decrease of CO2 emissions by 1.25m metric tons per year.
Cawse added: “As a technology leader, we are in a unique and important position to fight climate change by driving other companies’ low-carbon transportation initiatives with our own products and services. Since our data-driven insights empower fleets to understand, act upon, and scale their efforts in reducing their emissions, this is where Geotab, along with our partners globally, can make the biggest difference. We can be the catalyst to helping our customers, partners and suppliers to improve energy efficiency, conserve resources and meet their own climate change goals.”
The Geotab Sustainability Report will be released annually. It can be accessed here.