Convoy introduces new Emission Insights Dashboard
Press Release, Sustainability • Published on March 21, 2023
Today, we’re excited to introduce our Emission Insights Dashboard, a new tool that provides shippers with real-time tracking and reporting of their Scope 3 carbon emissions for shipments run through Convoy’s network. The dashboard enables shippers to understand their carbon footprint better and identify opportunities to reduce emissions.
Tackling the trucking industry’s carbon emissions
The transportation sector in the United States is responsible for emitting the largest amount of human-generated greenhouse gas, accounting for 27% of our nation’s total carbon footprint. To mitigate the effects of climate change, it’s crucial for companies within the transportation industry to track, report on, and reduce their carbon emissions.
As the business landscape and consumer expectations continue to evolve, and as climate-related regulations increase, these companies face greater pressure to be accountable for their carbon emissions. For example, the Securities and Exchange Commission (SEC) is expected to introduce more rigorous disclosure requirements related to climate change in 2024. As a result, shippers need to find solutions that enable accurate and reliable emissions reporting from their freight providers.
One of the biggest challenges in measuring and reporting emissions data in logistics is the need for a universal methodology to track the climate impacts across modes of transport. The Global Logistics Emissions Council (GLEC) Framework, developed by the Smart Freight Center, addresses this problem with a consistent calculation method for companies to determine the carbon footprint of their freight transportation in global supply chains. As one of four GLEC-accredited logistics companies worldwide, Convoy now offers a solution that shippers can trust with accurate and transparent carbon emissions data.
With the Emission Insights Dashboard, shippers can quickly measure and report on their Scope 3 carbon footprint for shipments run through Convoy’s network, leveraging the data to make informed decisions to reduce emissions.
Granular visibility into carbon emissions on Convoy loads
The dashboard, which can be accessed through Convoy’s online shipper platform, provides granular, on-demand visibility into emissions reports, including total carbon emissions and intensity, available by the load. With the ability to filter by program type, date, and loading type, shippers can quickly understand where to focus their efforts on reducing emissions.
The dashboard also offers downloadable data sets so companies can easily share their Scope 3 carbon emissions data with stakeholders. This data is collected through Convoy’s app that carriers use 97% of the time at every step of the job.
From estimates and disclosure to action
To prepare for the more stringent climate disclosure requirements proposed by the SEC, shippers need to transition from manual data gathering and estimations of their Scope 3 carbon footprint to tools that efficiently and accurately provide this data.
The Emission Insights Dashboard provides this through GLEC-accredited reports that help shippers understand the impact of their operations and take action to reduce their carbon footprint. Starting today, all Convoy customers can access the dashboard by signing into their online shipper platform account.
If you’re interested in learning how the Emission Insights Dashboard can help your company reduce emissions and help mitigate the effects of climate change, drop us a line or contact your account manager.