Embracing sustainability initiatives isn’t just about being environmentally conscious, it’s also a financial decision.
According to a Geotab industry survey, 69% of fleet managers who implemented sustainability initiatives reported a significant decrease in operating expenses over the previous year. The survey also noted that 42% of fleet professionals believe customers will demand more fleet sustainability initiatives in the next one to three years to continue doing business with them.
As fleet professionals execute ambitious sustainability goals, data intelligence and AI are driving decision-making, said Eric Mallia, vice president of sustainability solutions at Geotab.
“We’re increasingly seeing more fleet operators embrace the cost-saving potential of measurable sustainability initiatives, delivering a ‘double-bottom line’ of operational cost savings and a reduction in emissions,” Mallia added.
Mallia noted that fleet managers should look at the long-term benefits of carbon reduction, which can both reduce emissions and manage costs, including several best practices such as rightsizing a fleet, proactive maintenance and repair practices, route planning, idle reduction, using quality data, and accessing government incentives.
Carriers are also innovating ways to establish cost-efficient sustainability strategies, with many formalizing those plans in Environmental, Social and Governance (ESG) documents.
