Provide chain service supplier J.B. Hunt Transport Companies Inc.’s (NASDAQ: JBHT) first sustainability report for subsidiary J.B. Hunt Transport Inc. discovered a rise in scope 1 emissions however a lower in carbon depth. The report highlights the corporate’s social and environmental sustainability progress in 2020.
“We’re not solely dedicated to combating local weather change but in addition to enhancing the locations the place we stay and work. That’s the reason we contemplate enterprise choices that prioritize optimistic ESG impacts,” stated the report, launched Friday.
Direct emissions and carbon depth stats
From 2018 to 2020, J.B. Hunt’s variety of company-operated ton-miles elevated by 15.6%. Its scope 1 emissions grew by 5.7%, and its scope 1 carbon depth decreased by 8.5% in the identical interval. Meaning general emissions elevated as the corporate’s operations grew. Nevertheless, the carbon emissions related to every ton-mile improved.
J.B. Hunt beforehand set a objective to scale back its carbon depth by 3% when it comes to metric tons (MT) of CO2 equal (CO2e) per million company-operated ton-miles by 2025, utilizing 2019 as a base yr. The report didn’t point out general emissions discount targets for the long run.
In 2020, the corporate reportedly “evaluated the feasibility of building a science-based goal (SBT) aligned with the Paris Accord,” whereas firms throughout the globe are committing to the Paris Settlement and net-zero emissions targets for 2050 or sooner.
“We are going to proceed to present severe consideration and analysis as to if and after we might moderately set up an SBT,” the report stated.
Different environmental highlights
J.B. Hunt has targeted on decreasing empty miles and enhancing the effectivity and mode selections for transporting items. Its CLEAN Transport Carbon Calculator exhibits the CO2 emissions related to over-the-road trucking in comparison with intermodal transportation. J.B. Hunt stated that intermodal is “2.5 occasions extra environment friendly than freeway truck transportation.”
“We estimate that in 2020, our intermodal section helped to keep away from 3.5 million MT CO2e in comparison with transportation by truck alone — the equal of eradicating greater than 750,000 passenger autos from the street for a yr,” the report stated.
J.B. Hunt 360° is one other instrument the corporate makes use of to enhance provide chain efficiencies and keep away from empty miles. Along with making effectivity enhancements and using intermodal transportation, J.B. Hunt dedicated to changing 25% of its day cab and straight truck fleet to various fuels by 2035, relying on the supply of different gas autos and the overall price of possession.
The corporate additionally stated it’s making ready for a low-carbon future by “taking part in pilot applications for renewable pure gasoline autos, battery electrical autos and gas cell electrical autos,” John Roberts, president and CEO of J.B. Hunt, stated within the report.
In 2020, J.B. Hunt accomplished its first supply utilizing the Freightliner eCascadia, Daimler Vans North America’s all-electric Class 8 truck.
As renewable vitality grows in reputation and drops in worth, J.B. Hunt is investing in a number of photo voltaic tasks that can “offset greater than 80% of the electrical energy consumed at our most important company headquarters.”
One photo voltaic venture, scheduled to interrupt floor in 2022, is a photo voltaic carport that can concurrently present cowl for worker autos and produce 420 kilowatts of AC energy. It is going to additionally characteristic 10 electrical automobile charging stations.
Neighborhood and employee help
Much like many sustainability studies, J.B. Hunt’s has a powerful concentrate on supporting its employees and the communities it serves. The corporate reported extra investments in range and inclusion teams and coaching, COVID-19 security and help, and neighborhood outreach applications.
Along with increasing current worker useful resource teams, the corporate created PLUS(+), a gaggle for individuals who establish as LGBTQIA+ or help those that do.
“Inclusion is a key a part of all the things we do in our group. It helps drive us, transfer us ahead and speed up into our subsequent era of innovation at J.B. Hunt,” Shelley Simpson, CCO and government of individuals and human sources, stated in an announcement.
J.B. Hunt celebrated 129 individuals with 3 million miles of secure driving, 18 with 4 million miles and the primary particular person to achieve 5 million miles of secure driving within the firm’s historical past. However, security goes past driving.
The corporate donated a complete of $630,000 in COVID-19 reduction and provides. J.B. Hunt’s company and worker giving throughout well being care, training, veteran help and disaster administration exceeded $4.2 million in 2020.
“We’re taking the subsequent step on our sustainability journey,” Roberts stated. “We’re enthusiastic about this progress and are proud to be leaders in sustainable transportation, serving to to drive the business towards a low-carbon future.”