- Transitioning to an electrified fleet involves more than just operational adjustments; it requires a comprehensive approach to mitigate broader environmental impacts, including assessing the carbon footprint of new electric equipment and charging infrastructure.
- Balancing interim emissions goals with an orderly transition.
- Challenges of achieving GHG reduction targets due to external factors outside of Element’s reasonable control (government policies, legislation and regulatory actions, global supply-chain disruptions, geopolitical risk, etc.).
- Availability of comprehensive and high-quality GHG emissions data and standardization of sustainability-related measurement methodologies.
Element Fleet Management Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Element Fleet Management Corporation disclosed greenhouse gas emissions of 14.3M tCO2e/year. By scope: Scope 1: 1.3K tCO2e/year; Scope 2: 2.8K tCO2e/year; Scope 3: 14.0M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
14.3M tCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.3K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.8K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 14.0M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 14.3M tCO2e/year |
| 2022 | 1.8M tCO2e/year (2022) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 44% reduction in Scopes 1 and 2 GHG emissions (restated 2019 baseline)
- 100% electrification of internal fleet in Australia and New Zealand
- 62% increase in EV originations (U.S. and Canada, inclusive of PHEV & HEV)
- Transitioned 45,000 client vehicles towards EVs (13% of 2030 target)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Electrify 100% of internal fleet by end of 2025
- Reduce absolute Scope 1 and 2 GHG emissions 63.7% by 2034 from a 2019 base year.
- Reduce Category 11 (Use of Sold Products) and Category 13 (Downstream Leased Assets) emissions 66.4% per dollar of net revenue by 2034 from a 2019 base year.
📅 Medium-term
- Transition 350,000 client vehicles by 2030
🌱 ESG Focus Areas
Climate ChangeDiversity, Equity, Inclusion, & Belonging (DEI&B)Fleet ElectrificationDriver SafetyCommunity InvestmentGovernance