US-based digital freight company Transfix announced the release of its second annual Environmental, Social, and Governance (ESG) report.
The ESG report highlights the capabilities of the Transfix intelligent freight platform, which matches shipper demand with truckload capacity by leveraging data, machine learning, automation and human knowledge.
Furthermore, the report outlines the company’s development on ESG goals in 2022, including a promise to cut down on freight emissions and support diversity, equity and inclusion activities both inside and outside of internal operations.
Transfix co-Founder and CEO Jonathan Salama highlighted its ESG aims, which as stated align with the visions of the company: “We are thrilled to share with you the progress we made in our ESG initiatives in 2022. Since our founding, we have been focused on revolutionising the logistics industry with innovative technology and exceptional customer service.
“Core to that mission is our deep commitment to the community and planet and continued implementation of ESG practices that align with our values and vision for a sustainable future.”
In terms of the environmental aspects, the transfix platform aims on providing tools such as AI-powered insights and freight execution which enable shippers and carriers to extend the sustainability and efficiency of their supply chains.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Transfix stated that the modernisation of outdated processes and the implementation of the Transfix ecosystem using “cutting edge data analytics” enables it to optimise carrier shipper matches, allowing for reduced empty miles and optimizing capacity.
Additionally, Transfix has emphasised that by collecting data on its scope 1 and scope 2 emissions, it can “begin to set goals and develop strategies for reducing their carbon footprint”.
In provisions of their social advancements, Transfix has partnered with Supplier.io for tier 2 diverse supplier reporting, a programme which supports underrepresented groups, such as women, people of colour and veterans.
Salama added: “Embracing and supporting a diverse supply chain ecosystem is core to our mission and this partnership represents one way that we are bringing that purpose to life.”
The freight company have stated that through this partnership, they are defining the importance of diversity in the supply, since it fosters an atmosphere that is more inclusive and equal, encourages innovation and can improve financial results.
Transfix detailed that its governance programme entails a commitment to upholding high standards of business conduct and expects its employees and partners to conduct themselves ethically and in compliance with all legal requirements.
The company set standards in their approach to governance by adopting policies including employee conduct, equal employment opportunities and information security and acceptable use.
Transfix have significantly focused on data risk management, a sector they report as “paramount” to the transport industry and have reported zero service availability incidents and just 30 performance accidents across the whole of 2022.