Element Fleet Management's Commitment to Sustainability
Element Fleet Management Corp. (TSX:EFN), recognized as the largest publicly traded automotive fleet manager globally, recently unveiled its latest Sustainability Report. This important document not only showcases the company’s dedication to sustainable practices but also highlights its commitment to enhancing transparency and stakeholder value.
Claire M. Murphy, the Executive Vice President and Chief Legal and Sustainability Officer at Element, emphasized the company’s mission to Move the world through intelligent mobility. She noted, "Our sustainability report illustrates how we're advancing sustainability with accountability and meaningful action. We take immense pride in the progress we’ve made in governance and achieving positive environmental and social outcomes, while also delivering solutions that help our clients meet their sustainability goals."
Key Highlights from the 2025 Sustainability Report
This year’s report is filled with notable achievements and statistics that reflect Element's ongoing dedication to sustainability. Here are some key highlights:
Climate Action and Ambition
Element has validated its near-term science-based targets through the Science Based Targets initiative (SBTi), ensuring its decarbonization strategies align with global best practices. Remarkably, the company exceeded its Scope 1 and 2 reduction targets ahead of schedule, demonstrating a proactive approach to combating climate change. Ongoing efforts to reduce Scope 3 emissions intensity have also been emphasized, particularly regarding product use and downstream leased assets.
Governance and Transparency
The report illustrates Element’s unwavering commitment to sustainability governance. The company has maintained a CDP Climate score of B for two consecutive years, reflecting its continuous improvements in disclosure practices and alignment with leading sustainability reporting frameworks. These advancements prepare Element for future regulatory expectations while fortifying its commitment to transparent practices.
Fostering Inclusion and Belonging
Element underscores the importance of inclusion within its culture, which is facilitated through team member-led Business Resource Groups and company-wide engagement initiatives. This focus not only creates a harmonious work environment but also drives the company toward its sustainability objectives.
Sheri McGrath, Vice President of Sustainability, stated, "Element is dedicated to making tangible and measurable differences in all our endeavors. By integrating sustainability into our strategy and collaborating closely with clients, we are making significant strides toward establishing a sustainable future. This report reflects our accomplishments and our commitment to ongoing progress."
Long-term Vision at Element
The 2025 Sustainability Report encapsulates Element’s integrity and innovation as it addresses pressing global challenges. By cultivating strong partnerships and executing visionary solutions, the company is establishing a solid foundation for future resilience and shared prosperity. Element’s efforts are not just about compliance; they are about leading the charge toward a more sustainable world.
About Element Fleet Management
As a Purpose-driven and client-focused entity, Element Fleet Management (TSX: EFN) is at the forefront of delivering scalable, sustainable fleet solutions across the globe. With a strong presence in various regions, including North America, Australia, and beyond, the company offers comprehensive fleet management services. These include vehicle acquisition, maintenance, risk management, route optimization, and the integration of electric vehicles. Element’s combination of fleet expertise and advanced technologies aims to provide real-time data insights, facilitating efficient and productive fleet management for clients.
Frequently Asked Questions
What is the main focus of Element's Sustainability Report?
The report emphasizes Element's commitment to climate action, transparency in governance, and fostering inclusion within the company.
How does Element demonstrate accountability in its sustainability efforts?
Element showcases accountability by aligning its targets with the Science Based Targets initiative (SBTi) and maintaining high scores in sustainability assessments.
What initiatives does Element support for inclusion?
The company fosters inclusion through team member-led Business Resource Groups and enterprise-wide engagement initiatives.
Where does Element Fleet Management operate?
Element has operations in North America, Australia, New Zealand, Ireland, and a growing global footprint through its technology platform, Autofleet.
What key sustainable solutions does Element provide to its clients?
Element provides a range of sustainable solutions, including vehicle acquisition, electric vehicle integration, and dynamic planning tools to maximize fleet productivity.
