Several supply chain companies have set ambitious short- and long-term emission-reduction targets while others have yet to start measuring their emissions. Measuring emissions is the first step.
But ESG is about more than just environmental targets. Founded in 1923, ArcBest said it is focused on improving diversity, equity and inclusion (DEI) for its nearly 15,000 employees across more than 250 campuses and service centers.
The company created an ESG program manager role and a corporate social responsibility program manager role in 2021 to advance strategies.
Environmental sustainability
ArcBest aims to improve its environmental sustainability by:
ArcBest does not have any goals to reduce emissions at this time. The company is in the “discussion and analysis” phase of setting emission-reduction targets and strategies to achieve them.
ESG materiality assessment
The report said three of ArcBest’s nine board members have expertise in ESG matters. ArcBest conducted an ESG materiality assessment to see which factors are most important to stakeholders and business success.
In the assessment, climate change strategy, DEI, GHG emissions, ESG reporting and labor rights were some of the factors labeled as high importance for stakeholders and business success.
Waste management, water management and supplier standards on human and labor rights and environmental management were listed in the low-importance category for both stakeholders and business success.
“ESG is core to our long-term strategy and vision because it is critical for our business and our customers. This is reflected in both our financial results and sustainability reporting. We celebrate our progress and are committed to improving transparency and clearly defining our ESG goals moving forward. Our people remain focused on innovation, talent development, customer service and profitable growth as we continue building on our history of responsible stewardship,” McReynolds said.
