NAFA Fleet Management Association (NAFA) announced a new environmental, social and governance (ESG) reporting offering for the fleet community. This ESG reporting application allows fleet professionals to calculate and track their emissions and emissions reductions. Designed by ESG integrity, a program developed by the Fuels Institute, the ESGi application allows fleet managers to confidently track and share their organization’s fleet operations ESG metrics. Through this new ESGi application, NAFA says fleet professionals will be able to:
- Understand the impacts of ESG initiatives and create greater value for their organization;
- Collect, compute, and report ESG metrics using emissions data through automated ESG reporting;
- Confidently track and share their organization’s fleet operations ESG metrics with exportable ready-to-use reports;
- Set goals to improve and set metrics;
- Discover what ESG scoring bodies are looking for; and
- Receive significant cost savings on ESG reporting.
According to the company, ESG reporting is quickly moving from a voluntary corporate PR tool to a regulated B2B prerequisite, and consists of non-financial factors such as carbon emissions, that organizations, including fleets, are increasingly expected to report data on. It is becoming more important for fleet managers to track and calculate fleet emissions and emissions reductions.
Successful ESG programs can result in top-line growth, cost reductions, reduced regulatory and legal interventions, increased productivity, asset optimization, and enhanced operational performance, the association noted. ESG reporting can help limit financial risk, improve an organization’s access to capital, and reduce operating expenses, among other impactful benefits, the company notes. NAFA members will receive access to the ESGi application at a reduced license fee.
