Transportation
The transportation industry is perceived as at-odds with sustainability. Transport accounts for approximately 64% of global oil consumption, 27% of all energy use, and 23% of the world’s energy-related carbon dioxide emissions1, and each year almost 185,000 deaths can be directly attributed to vehicular pollution.
As a result, there is a growing demand for transport that is sustainable in terms of the impact it has on society, the environment and the climate. This pressure has grown exponentially in light of the Covid-19 pandemic, which resulted in a pause for much of global travel that resulted in a 65% reduction in air travel and a 60% reduction in rail travel2, contributing to a 7% fall in carbon emissions3.
This fall was short-lived, and the emissions generated by transportation are once again rising, which means the sector must reduce emissions in line with global climate goals while keeping up with demand for transport infrastructure.
While progress has long been slow, the industry is starting to make a change - fuelled by increasing ESG regulation. The 2016 Paris Agreement, for example, requires the producers of heavy-duty vehicles to reduce the level of emissions from new trucks between 2025 and 2030, while European regulation requires an average 15% cut of CO2 emissions from trucks between 2019 and 2025, and a further cut between 2025 and 2030 to achieve a total 30% reduction.4
But those who haven’t yet acted, risk being left behind. New digital transport platforms continue to make inroads into the market, winning over consumers with sustainability features such as ride-sharing and the ability to opt for electric vehicles. Meanwhile, the rise of digitisation and self-driving vehicles are beginning to transform the industry, leaving legacy competitors in their dust.
For those looking to keep pace, there are still many barriers along the path to sustainability for CIOs, including the cost of transitioning to new technologies, the complexity of navigating supply chains and building smart, data-driven transport networks that allow organisations to proactively track compliant routes and fuel consumption on top of legacy technologies.
Capture more data: In the transportation and logistics industry, large organisations demand the reliable delivery of mission-critical documents when and where they need them. When business-critical information does not get to the right place at the right time your organisation can lose revenue and productivity and suffer from unwanted business disruptions. HP’s Information Workflow Solutions can help CIOs within the industry to capture structured and unstructured documents, paper and electronic documents, and to improve your business reporting and analytical capabilities to make faster, smarter sustainability decisions.
1 https://www.iisd.org/articles/deep-dive/road-sustainable-transport#:~:text=Transport%20accounts%20for%20about%2064,directly%20attributed%20to%20vehicular%20pollution.2 https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our-insights/built-to-last-making-sustainability-a-priority-in-transport-infrastructure3 https://www.bbc.com/future/article/20210312-covid-19-paused-climate-emissions-but-theyre-rising-again4 https://climate.ec.europa.eu/eu-action/transport-emissions/road-transport-reducing-co2-emissions-vehicles/reducing-co2-emissions-heavy-duty-vehicles_en
