Imperial's global ESG (Environmental, Social and Governance) strategy is continuing to demonstrate the company's commitment to be a good citizen of the world, with a carbon compensation programme that is helping its German business achieve carbon-neutral car fleet operations. The scheme is also being adopted by more and more of Imperial's customers.
Imperial launched its carbon compensation programme in 2019, to calculate and then offset the carbon emissions from its fleet of cars, through financial support for an important environmental project. Imperial chose to fund a project that is helping to eradicate the destruction of rainforest in Kakamega, Kenya, by providing environmentally-friendly cookers.
Says Mohammed Akoojee, Imperial's Group CEO: "The CO2 compensation programme for our company car fleet in Germany is an important tool in our global sustainability strategy."
"Clearly, the ideal would be to operate vehicles that produce zero emissions and, to this end, we are currently undertaking extensive trials of the various evolving technologies, to evaluate how they might work in our business."
"We recognise, though, that this process is going to take time and require considerable investment. We therefore wanted an alternative that would enable us to take positive action immediately, while we continue our research. Our Carbon Compensation scheme is enabling us to mitigate our footprint right now."
Part of Imperial's ESG strategy is to guide and motivate its service partners and clients to also adopt environmental protection initiatives. As a car fleet provider that manages over 5000 vehicles for customers in Germany, Imperial is ideally-placed to lead this process.
"In addition to operating the scheme for our own fleet in Germany, we also offer similar schemes to our fleet management clients, enabling them to follow our example. A number of significant customers have already taken up this opportunity, and we are optimistic that many more will follow," continues Akoojee.
Imperial is a signatory of the UN Global Compact, and is increasing its investment in sustainable integrated ESG practices across its operations. It has developed and rolled out group-wide ESG and climate change policies and guidelines as the basis of all its activities.
"Contract logistics and freight management are among the biggest contributors to environmental threats such as air pollution, global warming and resource depletion. Customers increasingly expect our industry to engage with the circular economy, and so limit our environmental impact, minimize waste of resources and use resources efficiently," explains Akoojee.
"In planning our services and processes, environmental impacts are always considered alongside economic factors. Imperial's ESG strategy will enable us to meet and exceed stakeholder expectations," Akoojee concludes.