Sustainability
"We truly believe that there is an unwritten generational contract in place, every generation is taking over the world as the previous generation has left it and every generation is metaphorically planting seeds in a garden it might never get to see.
This is the reason why the vision statement for our ESG Strategy is 'for Generations to Come – Paving the road to sustainability'.We must ask ourselves, what is the role we want to play during these transformational times.
By including sustainability objectives in our corporate strategy and outlining our sustainability ambitions through our ESG Strategy we have given a strong response to that question."
Bob Fast
President and Chief Executive Officer
Our ESG Commitments
- become carbon neutral by 2050
- reduce Gender Pay Gap
- refurbish 5,300 units by 2025
- connect 35k units with TIP Insight by 2025
- reach 99% LED Lighting in workshops by 2025
Download Sustainability Report
ESG Strategy
Seven ESG programs for paving the road to sustainability
Our ESG Strategy (Video)
(duration: 01:33)
Management
The corner stone of this program is the execution of our ESG Strategy "for Generations to Come - Paving the road to sustainability" based on an extensive materiality assessment we have completed together with multiple stakeholders of TIP.
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Goals:
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Adopt and monitor ESG Strategy
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Comply with GRI framework
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Include and recurringly update ESG risks in TIP risk matrix
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Reinforce ESG governance framework
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Support realization of ESG projects
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Establish ESG network within and beyond our industry
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ESG Advocacy & Network
Cooperations will enable us to truly transform our industry. As the founder and member of the European Transportation Board (ETB) we are striving to share insights and solutions that solve transportation issues which transcend country borders and individual needs.
ETB Priorities:
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Carrying out the mandatory annual technical inspection (PTI) of Trailers, in the Country of physical presence, regardless of the Country of registration in the EU
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ETB to influence the deployment of a single data model for TPMS
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Approval of configuration of two trailers behind a truck, connected with a Dolly
ESG Risk Management
Our changing business environment comes along with risks and we have to incorporate these risks into our corporate risk matrix. We have to ensure that we understand what risk we are posing to our surroundings and how risks in our surroundings are affecting us.
ESG Governance
The responsibility for implementing our ESG Strategy is with the Chief Operating Officer (COO) and the ESG/EHS Director of TIP in direct reporting line.
In 2021, an ESG Committee composed of the Executive Management Team and the ESG/EHS Director was established. The purpose of the ESG Committee is to regularly discuss TIP’s progress along its sustainability journey.
Governance at TIP has always been an essential function and we want to live up to this standard with regards to sustainability. New policies and procedures on sustainability enshrine our sustainability ambition into our day-by-day actions.
Sustainable Products
We are moving from conventional fuel vehicles to smartly connected trailers, electric and alternative fuel vehicles.
Furthermore, TIP Insight will not only allow fleets to be managed more efficiently but offers tangible cost saving solutions. As an example, vehicles consuming less fuel by ensuring optimum tire pressure with our Tire Pressure Monitoring System (TPMS).
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Goals:
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Connect 35k units with TIP Insight by 2025
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eLCVs
Electric Light Commercial Vehicle (eLCVs) for last mile delivery in urban environments.
eReefers
Electric refrigerated trailer that keeps freight chilled at temperatures down to -25°C and runs entirely on renewable electricity.
TIP Insight
Range of telematics-based digital and connected services that takes trailer telematics to the next level.
Carbon Footprint
The challenge we are facing is enormous:
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12,572 metric tons of carbon per year* we are directly and indirectly emitting as an organization
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12,572 metric tons of carbon per year that our ESG Strategy aims to neutralize
* based on 2021 consumption for electricity, natural gas and heating oil
We will reach that milestone by systematically …
- substituting energy intense applications with energy efficient ones (for example switch to LED lighting),
- building renewable energy systems (for example PV systems)
- and as a last step, offset those emissions we cannot reduce out of own motion.
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Goal:
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Become carbon neutral according to international targets
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Install LED lighting at 99% of workshops
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Renewable Energy
We are looking into several solar energy projects simultaneously as we see the value of renewable energy in accordance with our electrification strategy
Energy Efficiency
We are systematically assessing our top energy consumers and looking into alternatives that are more energy efficient
Concept "The Green Branch of the Future"
Every aspect of a workshop (building infrastructure, energy supply, processes, appliances, etc.) will get optimized according to ESG principles and put on paper as a blue print every existing and future TIP workshop has to measure against
Scope 3 Carbon Emissions
We are working on ways to assess Scope 3 carbon emissions within our industry from well-to-wheel by utilizing our strong relationship with original equipment manufacturers and new data analyzing capabilities provided by TIP Insight.
Circular Economy
Within this program we are not only working together with waste management companies to optimize our waste streams across our network.
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Goal:
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Refurbish 5.300 units by 2025
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Additionally, this program supports refurbishment campaigns at the end of the lifecycle of our equipment.
Are there trailers on your site that are no longer representative, whose cooler or tail lift no longer works, or does the trailer have other defects? We can ensure that your trailers can be used again for several years by means of renovation.
An additional benefit of this program is that it offers some release considering the currently painstakingly long lead times for new equipment.
Lastly, the production of input materials for manufacturing new equipment such as virgin steel releases large amounts of carbon. By reusing and refurbishing existing assets we are helping to reduce carbon emissions.
Corporate Social Responsibility
As an industry leader with 2,808 employees we are dedicated to live up to our responsibility. We aim to maintain our gender balance in pay which we believe that makes the biggest contribution with regards to gender balance in our historically male-dominated industry.
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Goal:
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Reduce gender pay gap
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Our program “Stronger Together” encompasses various programs to encourage our culture of learning (TIP Learn), team-spirit (TIP Team) social responsibility (TIP Community) and our health and wellbeing (TIP Health).
The goals of our Stronger Together program are:
- Integration and engagement across all TIP functions and regions to grow stronger together;
- People and leadership development to make the organization strong for now and the future
- Safety, Health and wellbeing of all TIP employees to create loyalty and retention with TIP
- Contribute to society by giving back and equal opportunities to all
We are not operating in a vacuum. We are firmly embedded in the communities surrounding us and we want to contribute to them thriving.
Plastic Fishing on the canals of Amsterdam
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TIP volunteers in September 2021 gathered to go plastic fishing to help make the Amsterdam canals cleaner. |
Charity bicycle ride of our TIP UK & Ireland team and partners
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In September 2021, a team of TIP UK and Ireland staff members, loyal customers and supportive industry partners, embarked on a 3-day, 300km cycle ride across Majorca to raise funds for the Alzheimer’s Society and the Donna Louise children’s hospice. |
Food collection program in cooperation with food banks
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In the course of our annual global "Food Drive program" we asked our employees, customers and vendors to voluntary donate goods to local food banks, to support communities in need. |
Mechanics Team Competition
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In 2021, for the first time in TIP’s history, we launched the international Mechanic Team Competition, with over 100 teams competing across Europe and Canada. As part of our company culture, we are committed to celebrating the talents and expertise of our people. Our mechanics are the heroes that ensure the flawless operation of keeping our customers’ fleet going. We therefore devised this competition to highlight and celebrate their skills, knowledge, and talent! |
Reporting
Data is without a doubt the biggest challenge when it gets to turning our sustainability ambition into a success story. We have implemented an ESG reporting tool that will help us to collect non-financial data, analyze this data and report it to our stakeholders.
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Goal:
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Comply with 100% of all ESG data requests
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We support the United Nations Global Compact ten principles promoting human rights, labour standard, environmental responsibility and anti-corruption.
We are committed to making the UN Global Compact principles part of our strategy, culture value and the day-to-day operations of our company.
Committing to the GRI (Global Reporting Initiative) ESG framework will help us to structure our data reporting in a state of the art way and remain focused on our material subjects.
We are putting full emphasis on this program because we do understand upcoming EU laws like the EU Taxonomy or the Corporate Sustainability Reporting Directive (CSRD) will reshape our economy and we want to go well-prepared into this process.
Furthermore, we are supporting our customers and partners in their reporting requirements.
Illustration of our state of the art reporting approach:
Green Financing
We are working together with some of the most renowned banks in Europe to make our financing structure more sustainable.
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Goal:
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Set up sustainability linked loan facility
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Only recently we have linked sustainability KPIs to our major 1.6bn Euro financing facility, which means that progressing in our sustainability ambition will help us achieve lower margins on our external funding.
This has effectively turned our revolving credit facility (RCF) into a sustainability linked loan facility (SLL).
SLL KPIs are alligned to our material ESG subjects:
- Corporate Social Responsibility
- Circular Economy
- Carbon Footprint / Sustainable Products
Article - Global Trailer Magazine
TIP Green Financing Principles:
