ComforDelGro tops transport benchmark for decarbonisation

This is due to its science-based targets and drives to increase low-carbon vehicle share.

ComfortDelGro (WBA) is named the top company in the World Benchmarking Alliance’s (WBA) assessment of the 90 most influential transportation firms globally in terms of their “just and equitable low-carbon transition.”

According to WBA, the transition plan of CDG is in line with a 1.5-degree Celcius scenario as it has set science-based targets, and committed to ramping up the share of low-carbon vehicles. Aside from this, the company also completed a climate risk analysis.

WBA also noted that the company has a strong governance structure and partners with governments and universities to accelerate low-carbon transition.

The company started disclosing data in 2021 that will enable a future analysis of its emissions trends and alignment with the 1.5-degrees Celsius pathway. It also released its Task Force on Climate-Related Financial Disclosures report in August 2022 that provide detail on its scenario and climate risk analysis, it said.

CDG has committed to engaging in social dialogue with workers and unions, in line with the International Labour Organisation’s fundamental rights at work and gender equality.

“However, it can strengthen its commitments and disclosure on most just transition, human rights, decent work and ethical business topics,” WBA said.

CDG is followed by French firm La Poste Groupe, UK-based First Group, Netherlands’ NS Groep, and Denmark-based Maersk.

The alliance analysed 90 companies for the ranking, including 25 airlines, nine rail companies, six road firms, 17 shipping companies, and 33 multimodal companies, including five from Southeast Asia.

The Southeast Asian firms include Malaysia’s MISC Group (15th), Singapore Airlines (53rd), Ocean Network Express Holdings (56th), and Indonesia’s J&T Express (90th).

WBA said it used the Assessing Low-Carbon Transition methodology for the research in partnership with CDP.

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