Element Fleet

Element Fleet Management, headquartered in Canada, operates within the "Other Financial Vehicles" industry and has demonstrated a commitment to reducing its environmental impact.

Greenhouse Gas Emissions Data:

In 2025, Element Fleet Management reported total greenhouse gas emissions of approximately 12.97 billion kg CO2e. This figure is predominantly comprised of Scope 3 emissions, amounting to approximately 12.97 billion kg CO2e, while Scope 1 emissions were around 1.51 million kg CO2e and Scope 2 emissions were approximately 0.22 million kg CO2e (market-based).

For 2024, the company's total emissions were approximately 14.86 billion kg CO2e. Scope 3 emissions constituted the vast majority at around 14.86 billion kg CO2e, with Scope 1 emissions at approximately 0.995 million kg CO2e and Scope 2 emissions at about 0.492 million kg CO2e (market-based).

In 2023, Element Fleet Management reported total emissions of approximately 14.03 billion kg CO2e. Scope 3 emissions accounted for roughly 14.03 billion kg CO2e, while Scope 1 emissions were around 1.33 million kg CO2e and Scope 2 emissions were approximately 2.81 million kg CO2e (market-based).

Earlier data indicates:

• 2022: Total emissions were approximately 11.33 billion kg CO2e (this is not a sum of scopes, but the provided total). Scope 1 emissions were approximately 0.95 million kg CO2e, and Scope 2 emissions were around 2.28 million kg CO2e (market-based).
• 2019: Total emissions were approximately 14.34 billion kg CO2e. This included Scope 1 emissions of about 2.26 million kg CO2e and Scope 2 emissions of approximately 5.20 million kg CO2e (market-based).

Climate Commitments and Reduction Targets:

Element Fleet Management is actively engaged in climate action, with a significant long-term target submitted for validation to the Science Based Targets initiative (SBTi). The company commits to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 63.7% by 2034, using 2019 as a baseline year.

Furthermore, Element has committed to reducing Scope 3 GHG emissions, specifically from the use of sold products (Category 11) and downstream leased assets (Category 13), by 66.4% per dollar of net revenue by 2034, also from a 2019 baseline.

In the near term, Element aims to reduce its Scope 1 and 2 emissions to near zero by the end of 2025. The company also achieved a significant reduction in its Scope 1 and 2 emissions, lowering its GHG footprint by 55% in 2022 compared to its 2019 baseline. Element has also become a member of the Ceres Corporate Electric Vehicle Alliance and Accelerate: Canada’s Zero-Emission Vehicle Supply Chain Alliance, underscoring its leadership in the industry's energy transition.