Technology, Data, And ESG: Unlocking The Triple Bottom Line For Transportation & Logistics Companies

Long gone are the days when companies could focus solely on the standard bottom line to drive and measure their success. Today, with pressure mounting from customers, regulators, and financiers, companies must integrate environmental and social sustainability across their entire operations and supply chain. Although there is little doubt about the urgency of developing an ESG strategy, the way to do so and the ability to track progress toward identified targets can still be challenging.

The Transportation and Logistics (T&L) industry is no exception to this. Despite historically being one of the most significant contributors to greenhouse gas emissions (Figure 1), companies in this space have lagged in their sustainability efforts. However, with tightening scrutiny through laws such as the forthcoming SEC climate-related rule and the EU's Corporate Sustainability Reporting Directive (CSRD), companies can no longer afford to only be reactionary to legal requirements.