Imperial carbon compensation programme furthers its ESG strategy
Imperial’s global Environmental, Social and Governance (ESG) strategy is continuing to demonstrate the company’s commitment to carbon compensation programme that is helping its German business achieve carbon-neutral car fleet operations.
November 07, 2020: Imperial’s global Environmental, Social and Governance (ESG) strategy is continuing to demonstrate the company’s commitment to carbon compensation programme that is helping its German business achieve carbon-neutral car fleet operations.
Imperial launched its carbon compensation programme in 2019, to calculate and then offset the carbon emissions from its fleet of cars, through financial support for an important environmental project. Imperial chose to fund a project that is helping to eradicate the destruction of rainforest in Kakamega, Kenya, by providing environmentally-friendly cookers.
Mohammed Akoojee, Imperial’s CEO, said, “The CO2 compensation programme for our company car fleet in Germany is an important tool in our global sustainability strategy. Clearly, the ideal would be to operate vehicles that produce zero emissions and, to this end, we are currently undertaking extensive trials of the various evolving technologies, to evaluate how they might work in our business.”
“We recognise, though, that this process is going to take time and require considerable investment. We therefore wanted an alternative that would enable us to take positive action immediately, while we continue our research. Our carbon compensation scheme is enabling us to mitigate our footprint right now.”
Part of Imperial’s ESG strategy is to guide and motivate its service partners and clients to also adopt environmental protection initiatives. As a car fleet provider that manages over 5,000 vehicles for customers in Germany, Imperial is ideally-placed to lead this process.
Imperial is a signatory of the UN Global Compact, and is increasing its investment in sustainable integrated ESG practices across its operations. It has developed and rolled out group-wide ESG and climate change policies and guidelines as the basis of all its activities.
He concludes, “In planning our services and processes, environmental impacts are always considered alongside economic factors. Imperial’s ESG strategy will enable us to meet and exceed stakeholder expectations.”