Geotab Inc., a provider of connected transportation solutions, has released its 2022 Sustainability and Impact Report, titled “Unlocking the power of data for a sustainable future,” which outlines the company’s environmental, social and ethical impact, and highlights how data intelligence is a key driver of success in the carbon reduction journey.
The report also includes examples of how organisations in the transportation sector are starting and managing carbon reduction initiatives using data intelligence to inform their decision-making and transition, something Geotab believes is critical in Southeast Asia if the transport sector here is to play a more active role in carbon reduction.
“The transportation sector has one of the biggest global opportunities to truly impact the climate crisis. At Geotab, we are learning from our own efforts and feel privileged to share this knowledge, supporting our customers and partners with their sustainability goals through connected transportation solutions and data insights,” said Neil Cawse, CEO, and founder of Geotab.
“This report demonstrates our commitment to continuously improving our sustainability practices to make a positive impact on the planet.”
With over 3.2 million connected vehicles around the world, Geotab is uniquely positioned to help accelerate decarbonisation in the transportation sector by providing a full suite of data-driven tools and insights to support fleets on their sustainability journeys (including the EV Suitability Assessment (EVSA) and Green Fleet Dashboard), scaling electrification and technology innovation through education (such as the Geotab Fleet Electrification Knowledge Center), and collaborating on research projects.
Meeting the 2030 sustainability agenda
Southeast Asia’s transportation sector has been one of the contributors to greenhouse gas emissions (GHG). As a response to this pressing issue, ASEAN has committed to reducing its GHG emissions by 2030. This is part of UN’s 2030 Agenda for Sustainable Development.
According to the ASEAN Automotive Federation, by 2025, around 20 percent of all vehicles on road in Southeast Asia will be of the electric variety. The pathway towards the electrification of transportation depends on factors such as population density, investment funding, city infrastructure and network, government, and policy planning. As each Southeast Asian country is unique, the transition will vary significantly in the region.
Transitioning to electric vehicles presents a strategic opportunity for businesses with commercial fleets to optimize their operations and gain a competitive edge in the marketplace. By embracing technological innovations and streamlining fleet management, businesses can reduce costs and enhance operational efficiency while contributing to a more sustainable future.
“Countries in Southeast Asia are witnessing an exciting evolution towards the adoption of electric vehicles. Over the past few months, we’ve seen growing interest around sustainability solutions in the region, indicating that customers are adapting to changing market conditions and are keen to progress on their sustainability journey,” said Deepak Kadambi, vice president and general manager APAC at Geotab.
“It is crucial for us to embrace this change, not just for the sake of progress, but for the preservation of our planet’s future. As we shift towards a more sustainable mode of transportation, we can significantly reduce our carbon footprint and contribute to the fight against climate change.”
For many fleets, sustainability is proving to have financial advantages. Electrification studies featured in the report show the potential to save millions of dollars through lower fuel and maintenance costs while reducing CO2 emissions.
A recent Geotab survey of U.S. fleet professionals found that 63% of respondents confirmed that their fleet sustainability data helped their organization reduce operating costs in the past year.
With a target of net zero emissions by 2040, Geotab is on its own sustainability journey, minimizing the environmental footprint of its operations and supply chain across all three scopes and developing sustainability-focused products and solutions for fleets. Geotab is developing a supplier program to increase supply chain sustainability.
At the end of 2022, 50% of Geotab’s top 10 suppliers (by spend) were reporting their environmental data to CDP. Geotab’s goal is to have 100% of its top 10 suppliers make a public commitment to reduce greenhouse gas (GHG) emissions by 2030.
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