Geotab® Simplifies Sustainability Compliance with TÜV Rheinland Certified Calculation Method for Greenhouse Gas Emissions Report

Report automates the tracking of CO2-eq from fleet vehicles.

TORONTO, Oct. 23, 2024 /PRNewswire/ - Geotab Inc. ("Geotab"), a global leader in connected transportation solutions, announced today at Mobility Connect that TÜV Rheinland® certified its Greenhouse Gas Emissions Report for reporting Scope 1 emissions from fleet vehicles operating in the EU, European Economics Area (EEA) and the United Kingdom (UK).1

The Geotab Greenhouse Gas Emissions Report provides a consistent method of tracking vehicle emissions for companies on their compliance journey:

• Provides precise, near real-time data on fleet vehicle emissions

• Automates the calculation of carbon dioxide equivalents (CO2-eq), from carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O) in accordance with relevant GHG protocol guidelines

• Eliminates the uncertainty of manual data collection and reduces the potential for human error

• Generates reports that align with common ESG reporting frameworks such as CDP and Science Based Targets initiative (SBTi)

TÜV Rheinland certified that the carbon calculation methodology used in the Geotab Greenhouse Gas Emissions Report conforms to GHG Protocol principles and requirements. TÜV Rheinland is one of the world's leading testing service providers, generating trust in products and processes through independent testing and certification.

"Sustainability reporting is the new reality, but it can also be a burden for many businesses. Geotab's Greenhouse Gas Emissions Report streamlines the emissions reporting process for fleets, saving valuable time and resources while providing data for strategic decision-making," said Edward Kulperger, Senior Vice President, Europe at Geotab.

Geotab's calculation of a fleet's carbon footprint is conducted in line with the GHG Protocol Corporate Accounting and Reporting Standard (version 2004) (GHG Protocol) and its guidance documents. The GHG Protocol is seen as the widely recognized international benchmark and provides requirements and guidance for companies and other organizations in preparing a GHG emissions inventory. Moreover, it is the calculation standard required under European Sustainability Reporting Standards ESRS E1 which requires companies to disclose their climate change impacts, risks and transition plans — a key component of the European Union's Corporate Sustainability Reporting Directive (CSRD).

Increased transparency and accountability

The Corporate Sustainability Reporting Directive (CSRD) marks a significant shift towards a new culture of sustainability reporting, transparency and accountability. It requires businesses to elevate their sustainability reporting, providing a clear, reliable and comparable view of their environmental, social and governance (ESG) activities and impacts.

Story Continues