Element Fleet Management Corp

Common Name
Element Fleet Management
Country
Canada
Sector
Industrials
Industry
Rental & Leasing Services
Employees
2,900
Ticker
EFN
Exchange
TORONTO STOCK EXCHANGE
Description
Element Fleet Management Corp. is a leading pure-play automotive fleet management company, recognized as the largest publicly traded entity of its kind globally. Its primary function is to deliver com...

Element Fleet Management's Climate Target Data Preview

As of 2024, Element Fleet Management has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Element Fleet Management ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2034
Intensity-based Target
Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - Downstream Leased Assets (Cat. 13)
Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Unspecified Currency of Net Revenue
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a
2034
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Verified Sources Behind Element Fleet Management’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Element Fleet Management’s data sources below and access millions more through our Disclosure Search.

a. Element Fleet Management's Sustainability Report 2024
a. Element Fleet Management's Sustainability Report 2024

Insights into Element Fleet Management's Greenhouse Gas Emissions Pathways

As of 2024, Element Fleet Management has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Element Fleet Management have a target to reduce the emissions from its operations?

As of 2024, Element Fleet Management has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Element Fleet Management's most ambitious operational target is to reduce these emissions by 63.7% by 2034, compared to a baseline of 7,456 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

As of 2023, Element Fleet Management is ahead of schedule on its operational emissions reduction target, having achieved 69.78% of the planned reduction. a

Element Fleet Management's Operational (Scope 1+2) Emissions Pathway

20192023203402 k4 k6 k8 kBaselineCurrent (-44%)Target 2034 (-64%)
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