ESG planning and reporting is becoming a necessary tool in maintaining and developing supply chain relationships and meeting the demands of clients and lenders. Based upon newly proposed Securities and Exchange Commission (SEC) rules and existing business demands, publicly traded companies will most likely need to develop an ESG plan. This new partnership will provide guidance and significantly reduce costs for fleets while yielding final ESG reports with Scope 1, 2, and 3 emissions modeling and reporting.
In order to have a well-structured plan, fleet managers will need to have systems and policies in place with the proper tools to be able to collect, compute, and report required metrics in an efficient and cost-effective capacity.
NAFA will closely collaborate with the ESG Integrity team to create a program to help educate and train fleet owners, operators, and managers on how best to address their ESG requirements. “We are planning a series of educational webinars, the first to begin in late June so folks can understand what the ruling is, when it is coming, what it means to their business and how the ESG Integrity program can help them,” states Jeff Hove, Vice President, Fuels Institute. “One of our primary goals is to provide tools that help fleets improve their client relationships and create new business opportunities.”
ESG Integrity provides intuitive ESG reporting for transportation related companies, based on stakeholder input, careful analysis of ESG frameworks, transparent emissions modeling, and a desire to allow any size company the ability to begin the ESG journey. For NAFA Members and fleet managers this is an evolving need to calculate and track their fleets emissions and emissions reductions. This partnership with ESG Integrity will provide a reporting mechanism for ESG reporting which gives publicly traded companies and other fleet organizations that do ESG reporting, the ability to get out front of requirements with convenient tools for a fraction of the cost. In addition, this tool provides the convenience of a generated final executive ESG report saving the fleet manager countless overhead associated costs.
“As the proposed SEC ruling stands now, a sea of change is coming for publicly traded companies and their fleet operations,” states Patti Earley, CAFM, Florida Power and Light, Fleet Fueling Operations Manager and NAFA Immediate Past President. “The proposed ESG reporting requirements will become a critical component of operational plans and through this partnership, NAFA is helping to ease the burden for these publicly traded companies, as well as municipalities and other organizations that do ESG reporting. This partnership would also benefit any organization that wants to calculate and track their emissions.”
About NAFA Fleet Management Association
NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes; and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.6 million vehicles that drive an estimated 50 billion miles each year. NAFA’s members control assets and services well above $100 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and Twitter.
About ESG Integrity
ESG Integrity provides reporting solutions for the fuel and transportation industries under the current voluntary frameworks. The ESG Integrity solution provides guidance under multiple ESG frameworks while reducing costs associated with report creation. By tracking data and applying transparent methods of emission calculations, users can confidently prepare and share their ESG metrics. The ESG Integrity application has been developed and vetted by fuel and transportation leaders from Fuels Institute and HBW Resources and is designed to adapt to changing demands. Details on ESG Integrity can be found here.