Acknowledging the pivotal role it plays as an enabler of low-carbon fleets and supporting infrastructure, Geotab Inc. ("Geotab"), a global leader in IoT and connected transportation, today announced its commitments to helping fight climate change via its inaugural Geotab Sustainability Report. The report, which leverages 2019 as a baseline for measuring Geotab's 2020 sustainability efforts and results, lays a foundation for future reports and presents long-term goals for the company's business. It underscores Geotab's continued commitment to climate action, a heightened focus on reducing emissions across the company's entire ecosystem and its alignment with the UN Sustainable Development Goals.
In its report, Geotab has set an ambitious new target to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement, which aims to limit global warming to well below 2°C, preferably to 1.5°C above pre-industrial levels.
"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."
Geotab's sustainability efforts are organized into four key pillars: safeguarding the environment, sourcing responsibly, providing innovation that helps organizations do things better and do better things, and creating positive impact in communities. In 2020, highlights across the four pillars included:
Leveraging Data to Reduce Emissions and Waste
Geotab embarked on its sustainability journey after creating its first greenhouse gas emissions inventory in 2019. Aligned with the GHG Protocol methodology, Geotab's GHG emissions inventory details the company's direct and indirect emissions, and marks the start of its journey to becoming net-zero by 2040.
It is Geotab's goal to continue decreasing its carbon emissions by measuring and managing its overall footprint annually. 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 recognizes that its greatest impact on climate change can be realized through its focus on helping its more than 50,000 global customers and partners 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. Examples include:
Cawse continued, "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."
Cawse, as well as other Geotab executives, will be participating in the Sustainable Innovation Forum, being held November 8-10, 2021 in Cessnock Quay, Glasgow alongside COP26. There they will be addressing the company's sustainability initiatives and technology, and the journey to sustainable transportation.
The Geotab Sustainability Report will be released annually. It can be accessed here.
*Scope 1, 2 and 3
Geotab's Scope 1 covers direct emissions from sources that are owned or leased by the company, while Scope 2 includes indirect emissions from the generation of energy purchased by the company. The company's Scope 3 includes all other indirect emissions that are not owned or controlled by Geotab but are related to its activities and operations, such as emissions created across the supply chain.
Geotab is advancing security, connecting commercial vehicles to the cloud and providing data-driven analytics to help customers better manage their fleets. Geotab's open platform and Marketplace, offering hundreds of third-party solution options, allows both small and large businesses to automate operations by integrating vehicle data with their other data assets. As an IoT hub, the in-vehicle device provides additional functionality through IOX Add-Ons. Processing billions of data points a day, Geotab leverages data analytics and machine learning to help customers improve productivity, optimize fleets through the reduction of fuel consumption, enhance driver safety, and achieve strong compliance to regulatory changes. Geotab's products are represented and sold worldwide through Authorized Geotab Resellers. To learn more, please visit www.geotab.com and follow us @GEOTAB and on LinkedIn.
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