Embark Trucks, a developer of autonomous truck technology, released its inaugural Environmental, Social, and Governance (ESG) Report 2021, highlighting ESG initiatives the company undertook last year, as well as a focus area review that will serve as a baseline for future endeavors.
Embark said it is working with fleets to help them comply with emissions standards, similar to those announced in the U.S. Environmental Protection Agency's Clean Trucks Plan. EPA's plan would reduce NOx emissions from trucks by as much as 60% in 2045. Specifically, the EPA is proposing new, stronger standards for heavy-duty vehicles and engines starting in model year 2027.
In its report, Embark also pointed to an electric vehicle drayage pilot with HP Inc., aiming to reduce HP’s diesel emissions across the network and create a more sustainable end-to-end supply chain for shippers.
See also: Embark moves into Houston with plans to grow autonomous trucking hub
Embark noted that a primary focus of the company’s ESG mission is to spearhead increased safety on public roads. In addition, the company said it has established an independent board committee and has issued a business code of ethics, among other initiatives. The company also said it has re-emphasized its commitment to diversity, equity, and inclusion throughout the organization.
“The trucking industry is contending with a real need for change,” said Alex Rodrigues, CEO of Embark, in a statement. “Safety challenges, diesel emissions, and a persistent truck driver shortage caused by poor quality of life continue to add significant pressure to an already stressed industry. Making ESG a priority reinforces both Embark’s robust business strategy, and a more resilient trucking industry that is made safer, more sustainable, and better for workers. We believe our focus on the sustainability benefits of autonomous trucks will appeal to the significant and growing interest in ESG amongst the investment community.”