As of 2025, 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, 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 Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -64%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 US Dollar (USD) of Net Revenue | -66%a | 2034 |
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As of 2025, 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
As of 2025, 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
Element Fleet Management has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2034 value, achieving its climate goal ahead of schedule.a
As of 2025, Element Fleet Management has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Element Fleet Management's most ambitious value chain target is to reduce these emissions by 66.4% by 2034, compared to a baseline of 0.017 Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Net Revenue in 2019.a
As of 2024, Element Fleet Management is ahead of schedule on its value chain emissions reduction target, having achieved 41.42% of the planned reduction.a