Challenge
As a leader in global retail, the subject company actively seeks opportunities to improve its ESG (environmental, social, and corporate governance) performance, reduce its emissions profile, further cultivate its thought leadership, and engage in activities that have measurable outcomes in accordance with its greenhouse gas (GHG) reduction strategy.
To support ongoing sustainability initiatives, the company wished to pursue participation in low carbon fuel crediting programs where resulting revenues could be used to offset the expenses of renewable fuel procurement and fund other decarbonization efforts. The company also needed a way to de-risk potential compliance exposure and relieve the administrative burdens associated with crediting programs.
With such a large footprint, the company required a partner who could operate at scale from the outset. The company selected Element Markets for the project based on our cross-functional ability and our track record of value creation.