Schneider drives environmental and social responsibility results forward in 2023

Rhea-AI Summary

Schneider National, a leading multimodal transportation and logistics provider, published its 2023 Corporate Responsibility Report, highlighting significant progress in sustainability and corporate responsibility. The company aims to reduce CO2 emissions by 7.5% per mile by 2025 and achieve net-zero status in company-owned facilities by 2035. Notable advancements include a 7% reduction in emissions per mile, nearing its 2025 goal, and the operation of one of North America's largest battery electric vehicle (BEV) fleets. Schneider's BEVs have helped clients like PepsiCo and Goodyear reduce their emissions. The company also reported above industry average representation of women among its drivers (13%) and increased workforce diversity (45%).

Positive

• 7% reduction in emissions per mile, achieving 90% of 2025 goal.
• Operation of nearly 100 Freightliner eCascadias in BEV fleet.
• BEV fleet surpassed 1.5 million zero emission miles.
• Support for customers' sustainability goals, including PepsiCo and Goodyear.
• Above industry average representation of women drivers (13%).
• Increased workforce diversity (45%).

Negative

• No specific financial performance or revenue growth mentioned.
• Achieving emissions goals still requires further reductions.
• High initial costs and infrastructure investments for BEV fleet.

The company’s latest Corporate Responsibility Report showcases its positive progress toward goals and commitment to reaching sustainability milestones

GREEN BAY, Wis.--(BUSINESS WIRE)-- In today’s world, where the choices companies make matter more than ever, Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, stands at the forefront of corporate responsibility. Today, the company released a comprehensive Corporate Responsibility Report (CRR), which highlights how Schneider is furthering its efforts to minimize its environmental footprint, support customers and empower associates.

“We continue to demonstrate what it means to be a leader in corporate responsibility – advancing not just our own priorities but also helping customers meet their sustainability goals,” said Schneider President and CEO Mark Rourke. “Whether it’s operating safely, being good stewards of resources, enriching our culture and fostering inclusivity, or making our communities stronger, we continue to make impactful strides toward our corporate responsibility objectives.”

Schneider is working toward four sustainability goals (2019 baseline):

• Reduce CO2 emissions by 7.5% per mile by 2025.
• Achieve a 60% reduction in CO2 emissions per mile by 2035.
• Double its Intermodal size by 2030.
• Reach net zero status in all company-owned facilities by 2035.

In 2023, the company made progress cutting greenhouse gas (GHG) emissions and lessening its overall environmental impact, attracting and maintaining a diverse workforce, supporting the communities where its associates live and work, and continuing to conduct operations responsibly.

Notable progress across Schneider throughout 2023 included:

• Sustainability goals progress:
  • Schneider achieved a 7% reduction of emissions per mile, meaning it has already accomplished 90% of its 2025 goal.
• Scope 1&2 emissions reporting:
  • This year’s report includes both Scope 1 and 2 emissions, continuing to provide greater transparency into the business.
• Battery electric vehicle (BEV) fleet:
  • Schneider now operates one of the largest BEV fleets in North America, with almost 100 Freightliner eCascadias. To power the trucks, the carrier opened a large-scale charging depot at its South El Monte Operations Center in California.
  • Schneider’s BEV fleet surpassed 1.5 million zero emission miles in 2023.
• Supporting customers in achieving sustainability goals:
  • Schneider’s BEVs have helped customers, such as PepsiCo and Goodyear, realize their commitments to lowering emissions and building toward a more sustainable future.
• Empowering associates and amplifying a diverse workforce:
  • Schneider continued to report above industry average representation of women among its drivers (13%) and increased diversity across all its associates (45%).

To learn more about Schneider’s progress and next steps, visit: Schneider 2023 Corporate Responsibility Report.

About Schneider

Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.

Schneider has been safely delivering superior customer experiences and investing in innovation for nearly 90 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.

For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.

Source: Schneider SNDR

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520665675/en/

Kara Leiterman, Media Relations Manager

M 920-370-7188

leitermank@schneider.com



schneider.com/news

Source: Schneider

FAQ

What are Schneider National's sustainability goals for 2025 and 2035?

Schneider aims to reduce CO2 emissions by 7.5% per mile by 2025 and achieve a 60% reduction per mile by 2035, along with reaching net-zero status in company-owned facilities by 2035.

How much progress has Schneider made toward its 2025 sustainability goals?

Schneider has achieved a 7% reduction in emissions per mile, meeting 90% of its 2025 goal.

What initiatives has Schneider National taken for environmental sustainability in 2023?

In 2023, Schneider operated one of North America's largest BEV fleets, achieving 1.5 million zero emission miles and opened a large-scale charging depot at its South El Monte Operations Center in California.

How is Schneider National supporting its customers' sustainability goals?

Schneider's BEV fleet has helped customers like PepsiCo and Goodyear lower their emissions and move toward a sustainable future.

What are the diversity achievements of Schneider National in 2023?

Schneider reported above industry average representation of women drivers at 13% and increased overall workforce diversity to 45%.