Element Fleet

Element Fleet Management, headquartered in Canada within the "Other Financial Vehicles" industry, has disclosed its carbon emissions and climate commitments.

For 2025, Element Fleet Management reported Scope 1 emissions of 1,510,000 kg CO2e, Scope 2 emissions (market-based) of 217,000 kg CO2e, and Scope 3 emissions of 12,967,115,000 kg CO2e. This includes significant Scope 3 contributions from capital goods (1,519,961,000 kg CO2e) and upstream transportation and distribution (54,205,000 kg CO2e).

In 2024, the company's Scope 1 emissions were 995,000 kg CO2e, Scope 2 emissions (market-based) were 492,000 kg CO2e, and Scope 3 emissions totalled 14,856,552,000 kg CO2e. Key Scope 3 categories included use of sold products (8,039,946,000 kg CO2e), downstream leased assets (5,161,778,000 kg CO2e), and capital goods (1,566,606,000 kg CO2e). The total emissions for 2024 were approximately 14.86 billion kg CO2e.

For 2023, Element Fleet Management reported Scope 1 emissions of 1,333,000 kg CO2e, Scope 2 emissions (market-based) of 2,809,000 kg CO2e, and Scope 3 emissions of 14,026,246,000 kg CO2e. Significant Scope 3 categories included use of sold products (7,015,016,000 kg CO2e) and capital goods (1,693,550,000 kg CO2e).

Element Fleet Management has set Science Based Targets initiative (SBTi) validated targets. The company commits to reduce absolute Scope 1 and 2 GHG emissions by 63.7% by 2034 from a 2019 base year. Additionally, the company commits to reduce Scope 3 GHG emissions from use of sold products (Category 11) and downstream leased assets (Category 13) by 66.4% per USD value added within the same timeframe (2019 base year to 2034). Element also aims to reduce its Scope 1 and Scope 2 emissions to near zero by the end of 2025. This data is not cascaded from a parent or related organisation.