Are you required to disclose climate-related risks and opportunities?
Since April 2022, the Financial Conduct Authority (FCA) has requested all UK publicly listed companies (FTSE or AIM) to encourage market transparency by reporting on their direct and indirect climate impact through the TCFD framework. For companies that operate vehicles, this includes fleet CO2 output.
Corporate Sustainability Reporting Directive
The Corporate Sustainability Reporting Directive (CSRD) is a new EU regulation that came into play in January 2024. It requires certain companies to report on, amongst other things, the impact of their activities on people and the environment. Even if your business is not required to report its CO2 emissions, you may still be impacted by the directive’s demand for more transparency around carbon emissions.
The Webfleet CO2 Report has you covered
The Webfleet CO2 Report gives you an accurate overview of your fleet’s direct CO2 emissions. Using a methodology that’s certified by TÜV Rheinland1, it provides detailed information on how much CO2 your vehicles produce. As well as helping you to meet the demands of regulations such as the EU’s new Corporate Sustainability Reporting Directive (CSRD), it gives you visibility over how, where and why your fleet is producing unnecessary CO2.
Webfleet CO2 Report helps you:
Track the CO2 produced by every vehicle in your fleet
And take action to reduce your emissions
Report accurately and easily
On your business’ CO2 emissions and environmental impact
Trust a TÜV Rheinland certified fleet CO2 report1
For reliable and actionable insights
Key features of CO2 report for fleets
Real-time and historical insights
The certified Webfleet CO2 Report enables you to accurately measure the CO2 produced by your vehicles. You can see not only how much CO2 your vehicles are emitting, but also why and where it is happening. With these real-time and historical insights, you can zero in on where the real opportunities are to cut your fleet’s emissions.
Accurate report data
With the Webfleet CO2 Report you can rest assured you’ll have all the data you need to report on your CO2 emissions – both to the authorities and to your customers that request it. It’s the only CO2 reporting tool from a telematics provider with a methodology certified by TÜV Rheinland. So, whether you need this data to stay compliant, stay competitive or both, Webfleet has you covered.
The impact of driving behaviour
Driving behaviour like idling and harsh braking can directly lead to needless fuel consumption and CO2 emissions. With data on CO2 emissions in your Webfleet OptiDrive 360 reporting, you can see specifically where drivers are needlessly increasing your carbon footprint and coach them to adopt more sustainable and cost-effective driving styles.
What you need to know about reporting on CO2
What is the Corporate Sustainability Responsibility Directive (CSRD)?
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What is the Corporate Sustainability Responsibility Directive (CSRD)?
0The Corporate Sustainability Reporting Directive (CSRD) is a new EU regulation that requires companies to report on risks and opportunities arising from social and environmental issues, such as climate change, and on the impact of their activities on people and the environment. While different types of businesses will be affected by the regulation at different times, over the coming years many thousands of companies across the continent will need to comply with it.
How are fleet CO2 emissions calculated?
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How are fleet CO2 emissions calculated?
0There are three methods for accurately calculating fleet CO2 emissions in line with the GHG Protocol standard. Firstly, there’s the fuel-based method, which takes the fuel consumed by a business’ vehicles and makes a calculation based on the appropriate emission factor of that fuel. This is one of the two methods of calculation possible with the Webfleet CO2 Report and is considered the best way to estimate CO2 emissions.
The second method is the distance-based calculation. Here, the mass, distance and mode of each shipment is calculated and then the appropriate mass-distance emission factor of the vehicle used is applied. This method of calculation is also possible with the Webfleet CO2 Report.
Finally, there is the spend-based method. Here the amount of money spent on each mode of business travel and secondary emission factors are determined. This method is the least accurate for calculating CO2 and it does not give any actionable insights on how to improve your carbon footprint. Therefore, it is not available with Webfleet CO2 report.
Why is CO2 tracking important?
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Why is CO2 tracking important?
0Accurately tracking CO2 emissions is crucially important for any fleet of any size for many reasons. Most importantly, if you do not have visibility over the level of CO2 you produce you cannot take meaningful action to reduce your emissions or track the success of such actions over time. So, any attempt to run more sustainably or efficiently relies on this visibility.
As mentioned above, there is also the need to comply with regulations. More and more companies will have to provide accurate data on CO2 emissions over the coming years or risk penalties and potential loss of earnings.
So, for the planet, for business and for your company’s bottom line, tracking CO2 is no longer an optional activity but a must-do.
How can I use the CO2 Report for my fleet?
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How can I use the CO2 Report for my fleet?
0The Webfleet CO2 Report gives you accurate information on the level of CO2 produced across your fleet. With this data you can fulfil your reporting responsibilities on things like CSRD, identify areas in your operation where you could take action to run more sustainably and measure the success of your initiatives to reduce your impact on the planet.
How to reduce your carbon footprint using fleet management software?
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How to reduce your carbon footprint using fleet management software?
0Connecting your fleet with a fleet management solution like Webfleet is the first step to getting the kind of insights into your CO2 emissions you need to start reducing your impact on the environment. Improving driving behaviour, making the switch to EVs, reporting on CO2, detecting tyre underinflation, optimising your routes, keeping your vehicles as fuel efficient as possible – all of this and much more becomes possible with the power of Webfleet at your fingertips.
What are Scope 3 GHG emissions?
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What are Scope 3 GHG emissions?
0Scope 3 GHG emissions are all indirect emissions that occur in the upstream and downstream value chain of the reporting company. Scope 3 emissions are typically the greatest component of a corporate or financial services company’s footprint. They are also difficult to measure and manage because they occur outside of an organisation’s operational control.
How could smaller organisations be affected by CSRD and Scope 3 emissions?
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How could smaller organisations be affected by CSRD and Scope 3 emissions?
0Even if your business is not obliged to report on your own carbon footprint, you might be asked by your larger customers to provide information on the CO2 emission from your vehicles when providing goods or services to them. This is because they will need to report on those Scope 3 emissions to comply with CSRD. This may mean the ability to provide accurate data on your CO2 can become a competitive advantage for you in the coming years.
How can Webfleet help you to provide information on your carbon footprint?
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How can Webfleet help you to provide information on your carbon footprint?
0The Webfleet CO2 Report gives you accurate information on the CO2 produced by your connected vehicles. With this data, you can fulfil your CSRD reporting responsibilities or provide this data to your larger customers, so they can report on their Scope 3 emission.
