As sustainability becomes an increasingly critical aspect of business operations, companies are finding themselves accountable for implementing ESG (environmental, social and governance) principles and striving for continuous improvement.
However, a significant challenge persists in the absence of a standardised approach to calculating or presenting these diverse ESG metrics.
This variability creates a complex landscape for investors, who must employ various analytical methods and data sources to address ESG considerations.
While the calculation and presentation of these metrics remain uncertain, one aspect is clear: the growing demand for reliable data across all business dimensions, says Hein Jordt, CEO of Ctrack Africa.
According to Jordt, the ability to measure and monitor factors directly impacts a company's ability to control and enhance them. As a result, the need for accurate and comprehensive data has become paramount in navigating the path towards sustainable business practices.
With this in mind, Ctrack has launched its Crystal software for any business that utilises vehicles or movable assets and wants to improve its environmental impact. This newly developed, cutting-edge software can utilise OEM vehicle fuel data, as indicated on the vehicle specification sheet, allowing for the reporting of carbon emissions. Fleet managers can monitor their fleets' C02 by setting up their fleets' emission factor in Crystal and then monitor performance via emission reports. This allows for the retrospective calculation of a fleet's carbon footprint, giving fleet managers an accurate picture of their past and current impact on the environment as well as the tools to improve, and helping to identify opportunities to save energy and reduce costs.
"CO2 emissions are directly related to mileage travelled and the manner in which vehicles are used, and Ctrack has well-developed solutions in place to monitor and improve on these factors," says Jordt. “The tools we have in place save businesses costs on fuel and maintenance and can just as easily be used to monitor and control various factors related to ESG principles. Fuel consumption will be reduced by managing unnecessary speeding and idling.
The more fuel efficient a vehicle is, the less carbon emissions it produces, which ticks the environmental box.”
