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Geotab Inc. releases 2023 Sustainability and Impact Report

TORONTO — Geotab Inc., involved in connected transportation solutions, released its 2023 Sustainability and Impact Report, “Trust. Transparency. Transformation.” highlighting how data-driven insights are helping Geotab and global organizations better measure and achieve their climate goals. The report also delves into the tougher challenges of managing business and environmental impact, including increased business travel and much-needed transparency associated with Scope 3 emissions.

“The climate crisis demands action. The transportation industry is one of the largest sources of CO2 emissions with a tremendous opportunity in the near term to make a positive impact. As a close partner to that industry, we have a moral obligation to do our part in supporting carbon reduction — not just for ourselves, but for our customers too. This has to be a collaborative approach. There are too many challenges to address and solve in isolation,” said Neil Cawse, Founder and CEO of Geotab.

In a recent survey by Geotab, 87% of U.S. fleet professionals expected their cost of business to rise in 2024, and 40% confirmed they use data intelligence to create a more sustainable fleet by flagging and improving fuel economy and idling. Data insights regarding fuel use, better routing, emissions management, better driving behavior such as reducing harsh braking, and the integration of EVs into fleets help address cost and improve the bottom line.

The latest report shows Geotab has made progress in reducing direct and indirect operational emissions over the past year:

• In Scope 1, which tracks emissions that occur from sources that are controlled or owned by Geotab, the company saw a 41% reduction in GHG emissions in 2023 (from the 2019 baseline).
• In Scope 2, which tracks the indirect emissions resulting from electricity purchased by Geotab, the company saw a 35% reduction in GHG emissions in 2023 (from the 2019 baseline).

“We are proud of the accomplishments we’ve made so far, but we know there is much further to go if we want to fulfill our journey to net zero, particularly in addressing Scope 3 emissions. We’ll be accelerating our pace to tackle Scope 3 targets, and tapping into the power of data, to realize our ambitions and the ambitions of our customers,” added Cawse.