Operating as a global company entails navigating a complex landscape, with various stakeholders actively seeking information for their ESG (Environmental, Social, and Governance) reports. In this dynamic environment, investors are placing an increasing emphasis on precise ESG reporting, recognizing its pivotal role in assessing corporate sustainability and responsibility. To effectively align with your company’s ESG goals and meet the evolving expectations of stakeholders, collaboration with suppliers is paramount. Working closely with suppliers to ascertain the carbon intensity of their products is not just advantageous but imperative in today’s sustainability-driven market.
Sustainability
What are Hybrid Electric Vehicles?
Hybrid Electric Vehicles use an internal combustion engine in conjunction with an electric motor, combining gas and electricity for high fuel efficiency and low emissions. These vehicles operate similarly to conventional cars and recharge their electric source through regenerative braking, saving energy typically lost during braking or accelerating on highways and straight roads.
California Low Carbon Fuel Standard (LCFS)
Under the LCFS, fuel suppliers are required to reduce the carbon intensity of their fuels by 10% by 2020.