Trakm8 Hldgs Sustainability Profile
Trakm8 Holdings plc, commonly known as Trakm8, is a leading provider of telematics and fleet management solutions based in Great Britain. Founded in 2004, the company has established itself as a key player in the Internet of Things (IoT) sector, focusing on enhancing vehicle tracking, driver behaviour analysis, and fuel efficiency. With headquarters in the UK and operations extending across Europe, Trakm8 offers innovative products such as advanced telematics devices and cloud-based software platforms. These solutions are designed to optimise fleet performance and reduce operational costs, setting Trakm8 apart in a competitive market. Recognised for its commitment to technological advancement, Trakm8 has achieved significant milestones, including partnerships with major automotive manufacturers and accolades for its cutting-edge technology. The company continues to lead the way in the telematics industry, driving efficiency and sustainability for businesses across various sectors.
DitchCarbon Score
How does Trakm8 Hldgs's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Trakm8 Hldgs's score of 48 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Trakm8 Hldgs's reported carbon emissions
In 2024, Trakm8 Holdings PLC reported total carbon emissions of approximately 75,740 kg CO2e, comprising 11,560 kg CO2e from Scope 1 and 64,180 kg CO2e from Scope 2 emissions. The company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 50% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2018 as the base year. This commitment aligns with the Science Based Targets initiative (SBTi) and reflects the company's dedication to achieving significant climate action. In 2023, Trakm8's total emissions were approximately 201,950 kg CO2e, with Scope 1 emissions at 35,700 kg CO2e and Scope 2 emissions at 166,240 kg CO2e. The previous year, 2022, saw total emissions of about 3,512,960 kg CO2e, with Scope 1 emissions of 73,830 kg CO2e, Scope 2 emissions of 144,290 kg CO2e, and a substantial Scope 3 contribution of approximately 3,294,840 kg CO2e, primarily from purchased goods and services. Trakm8's climate commitments are part of a broader strategy to measure and reduce its Scope 3 emissions as well, although specific targets for Scope 3 have not yet been established. The company's initiatives are cascaded from its parent organization, Trakm8 Holdings PLC, and are consistent with industry standards aimed at limiting global warming to 1.5°C.
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| 2018 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 112,710 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 160,280 | 000,000 | 000,000 | 00,000 |
| Scope 3 | - | 0,000,000 | - | - |
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Trakm8 Hldgs's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Trakm8 Hldgs's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Trakm8 Hldgs has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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