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Carbon Avoidance Tracking

Carbon Avoidance Tracker Solutions to B2B Carbon Reporting

As some large companies move away from requiring full Environmental, Social, and Governance (ESG) reporting from suppliers, an increasing number have created new greenhouse gas emission reporting demands in their place. Recently, large organizations have begun to assess their total (direct and indirect) emissions throughout their supply chains. New opportunities to engage with these large companies will include a request for your emissions, should you be selected as a partner. Increasingly, emissions reporting is becoming a pre-requisite for doing business and even a requirement to maintain existing or preferred status.

Fuel suppliers and carriers are being asked, as partners, to assist shippers with bringing new low carbon solutions into fuel supply and fleet operation contracts.

This includes providing transparent emissions modeling, supported by third parties for quality assurance purposes, which meet global and U.S. EPA guidance demands.

To meet these immediate industry needs, the non-profit Transportation Energy Institute has created the business-to-business (B2B) reporting tool – Carbon Avoidance Tracker. Emission calculations use Argonne Labs Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) model which is overseen by third party modeling experts. The resulting business-to-business reports are designed to be shared across inner company divisions or with customers seeking this critical data.

For more information about TEI’s Carbon Avoidance Tracker program, contact Jeff Hove at 703-518-7972 or email at jhove@transportationenergy.org.

ESG

Environmental, Social and Governance (ESG) reporting remains as a good corporate risk assessment tool. ESG reporting is quickly moving from a corporate public relations tool to a regulated B2B communications prerequisite. To fully understand the drivers behind ESG planning and reporting the Transportation Energy Institute published The Case for Developing an ESG Plan which provides a history and outlook which can help guide businesses.

Because ESG reporting is intended to provide business risk information (including climate change abatement approaches) to investors and boards, the Securities and Exchange Commission (SEC) recently proposed rules to govern ESG and provide some needed guidance. Even before this proposal, however, financial industry stakeholders, from investors to bankers and loan providers, were increasing their reliance on ESG principles when assessing publicly traded companies.

Under the proposed SEC rules, phased-in requirements will put new reporting requirements directly on publicly traded companies. However, large publicly traded companies are not waiting for the final SEC rules and are aggressively moving forward on collecting and reporting greenhouse gas emission data, directly and indirectly from business partners. This has opened doors for fuel and freight suppliers that bring solutions to the customer’s table.

Research also shows that investment in ESG related initiatives can create value and contribute a positive return on investment to a company while appeasing societal pressures. Successful programs can result in top-line growth, cost reductions, reduced regulatory and legal interventions, increased productivity, asset optimization, and enhance performance all while benefiting the company’s public relations and increasing access to capital.

ESG Planning and Reporting

Last year, our Board of Directors fully supported Transportation Energy Institute to build out an ESG Planning program to assist the fuels industry with meeting these demands. In partnership with HBW Resources, we have developed ESG Integrity, a program that provides intuitive ESG reporting for transportation related companies. ESG Integrity is based on stakeholder input, careful analysis of ESG frameworks, transparent emissions modeling, and a desire to allow any size company the ability to begin the ESG journey.

ESG Integrity and the Carbon Avoidance Tracker provide:

GREET Modeling

Reliable data calculations backed by Argonne National Labs.

Exportable Reports

URL Link, PDF, Document, and XML reporting formats.

Piecewise Data Entry

Save partial reports and return to where you left off.

Report Archives

Access reports from previous years.

Find out more about ESG Integrity and the Carbon Avoidance Tracker.

For more information, please contact:

Jeff Hove
Vice President, Transportation Energy Institute
jhove@fuelsinstitute.org

Recent ESG Resources

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