However, it is not always a pretty story, as investments must be made in environmental considerations and costs will need to be shared with our customers. Even considering a modal shift from truck to rail transport can help reduce CO 2 emissions, but at the same time requires an operational plan and internal structure that meets the delivery requirements from customers. That is why we believe that by bringing sustainability as a management moniker, we can make the right management decisions. It is the responsibility of our management team to ensure that the ESG stories generated in the field are firmly established as a business, while keeping sustainability at the foundation of management. We believe that the accumulation of our originality and ingenuity will surely make a big difference in five- or ten-years' time.
In August 2022, the UK Government invited multiple consortia to bid for a £140 million fund to support the deployment of battery- electric 40-44 tonne HGVs into commercial operation through multi-year demonstrations over at least five years to 2030, with the aim of supporting the deployment of long-range zero-emission HGVs. This includes the development of the business model required for a scalable deployment and a network of dedicated charging infrastructure. The competition resulted in a consortium including Yusen Logistics, Nissan and other logistics partners, as well as GridServe as the charging partner, winning a total of £62.5 million. As part of the project, Yusen Logistics UK will acquire up to 15 fully electric HGVs, which will run in place of diesel HGVs under an existing contract with Nissan UK.
As the ESG story comes to fruition and takes shape in this way, the circle of co-creation is expanding. When results start to be seen in this way, confidence grows. External stakeholders are also participating with the expectation of business returns in terms of profitability and competitiveness.
David Goldsborough Managing Director
15
September 2023
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