NEWS: Move Intermodal maps ESG+E risks in the logistics sector

Mapping the ESG+E risk landscape

To gain better control over risks, Move Intermodal has categorized them into four fields:

• Environment
• Social
• Governance
• Economic

Move intentionally added the economic pillar to ESG to effectively align sustainable business practices with the economic interests that naturally exist. Tomas Tempelaars, Chief eXcellence Officer at Move Intermodal, commented on the decision to include economic risks: “In addition to our focus on environmental and social interests, we must also consider the economic aspect. After all, we are a commercial company.”

With support from Sustacon, Move selected the most frequent and current external material risks in the logistics sector, narrowing them down from the initial eighty risks to the top twenty.

View the risk landscape on page 23 of the Move Intermodal sustainable strategy. Download the report here below.

Influencing risks to make the transportation sector more sustainable

With a clear view of the risks, Move Intermodal then examined whether and how it is possible to influence the impact of these risks from its own strategy. “By demonstrating that we are actively engaged in ESG+E at Move, we differentiate ourselves from the competition.” says Koen Vandepitte, Chief Commercial Officer. “A slight nuance, we can’t green the transportation sector in Europe on our own. That can only be accomplished if we, together with our customers, suppliers, and other stakeholders, including competitors, work towards it. Our leading role contributes positively to how people perceive Move. Being consciously involved in ESG+E makes us more appealing to customers and (future) employees.”

An example of an environmental risk is climate change. Move actively addresses this risk by providing green transport solutions and applying sustainable procurement practices. Each selected ESG+E topic is linked to Move Intermodal’s own strategy.

Anticipating CSRD

With the recently published sustainability strategy, Move Intermodal is ahead of European regulations that require reporting on the environmental and social impact of business activities (CSRD, Corporate Sustainability Reporting Directive). The Corporate Sustainability Reporting Directive (CSRD) is one of the pillars of the EU Sustainable Finance plan, which aims to make the entire economy more sustainable. This plan also entails reporting obligations. While Move Intermodal won’t face this requirement until 2026, the company decided to take action now to actively contribute to further greening the transportation sector.

Read Move Intermodal’s 2023-2025 sustainability strategy.