GlobalData offers a comprehensive analysis of REV Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on REV Group’s ESG performance. GlobalData’s company profile on REV Group offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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In its 2022 Sustainability Report, REV Group, a leading designer and manufacturer of specialty vehicles, has stated that it is committed to adhering to all relevant environmental laws and regulations while actively working towards ongoing improvements to minimize and enhance its environmental impact. REV Group's latest filings mentioned the keywords 'Emissions' and 'Renewable' most number of times in relation to 'Climate Change'. The company reported in 2022, nearly 11.0 thousand tonnes of CO2 emissions under scope 1 and approximately 17.5 thousand tonnes of CO2 emissions under scope 2, both registering a decline over 2021.
REV Group's emissions and energy consumption have reduced in 2022 due to strategic operational changes and an increase in operational performance efficiencies. The company has taken steps to reduce its carbon emissions, including expanding the metrics included in its sustainability report and participating in the CDP Climate Change and Forestry disclosures. REV Group has also invested in product innovation, such as producing the first North American hydrogen fuel cell electric hybrid terminal truck and developing the next generation of its zero-emission products.
In 2022, the company's expanded metrics focused on hazardous waste, wastewater, and hazardous air pollutant discharges, alongside providing a detailed breakdown of emissions, water, and energy use data by business division to target opportunities for reductions within product types. Notably, strategic operational changes and improved performance efficiencies resulted in a significant 45% reduction in propane use as a fuel source within operations, leading to decreased fuel consumption and greenhouse gas emissions, with optimistic prospects for future years.
In conclusion, REV Group's 2022 Sustainability Report highlights the company's strong commitment to environmental responsibility, evident through reduced emissions, expanded metrics, and investments in innovative, sustainable technologies.
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