Showcasing the Best of Welsh Business

DEFAULT GROUP

FLS Invests in Green Freight Vision of Lower Mileage, Lower Cost and Lower Carbon

FLS yn Buddsoddi mewn Gweledigaeth cludo Nwyddau gwyrdd Milltiroedd is, Cost is a Charbon is

SHARE
,

Gymraeg

Freight Logistics Solutions has announced a new service for clients to monitor their carbon footprint for the freight transport they book.

FLS books vehicles based on their proximity to the required collection point not the origin of the vehicle, so the operations system is specifically designed to mitigate empty mileage through the identification of close proximity to collection point while always considering the filling of the return journey. A new online carbon dashboard now analyses the total carbon used for booked journeys. It shows the carbon footprint for each journey made to each destination and is fully investigable.

Ieuan Rosser is the Chief Executive of FLS. He said:

We pride ourselves on providing our customers with the quality transport data insight needed to plan and improve business performance. One of the big questions from customers has been ‘what is my transport carbon footprint?’ and with almost 30% of all road freight milage currently driven empty, freight transport agents are in prime position to support reducing the waste this incurs.

Corporate social and environmental responsibilities are becoming increasingly higher profile for leading UK business’ who want to know their suppliers are on top of their responsibilities in recording and delivering environment-based statistics related to the products and services they provide. That is why it is important to be able to evaluate the contribution transport makes to a company’s carbon footprint and help business make more sustainable environmental decisions.

Chris Sourbutts. Data and Technology Director for FLS said:

The funding from the Development Bank of Wales in 2021 is enabling us to invest in our IT infrastructure and systems to continuously enhance our offering. Our client portal already provides live transport information and data insight into what each client has booked, stores documentation and customs files related to each booking. The addition of the carbon dashboard as part of our green freight vision offers not only carbon measures by vehicle, destination, or date ranges but the algorithm means that we can also calculate savings against using a traditional fixed origin haulier.

Mark Halliday of the Development Bank of Wales said:

FLS is taking the lead in helping to decarbonise freight transport. It is very encouraging to see how our equity finance is being used to drive the execution of long-term growth plans, particularly initiatives like this that are helping to reduce carbon emissions.

SHARE

The Development Bank of Wales exists to help businesses in Wales start up, strengthen and grow, by getting them the capital they need across a range of routes.

As a unique resource in Wales, we offer flexible finance to all businesses at all stages, with funds available from £1,000 to £10million.

Our teams of friendly and dedicated staff all across Wales are on hand to provide guidance on the right investment and support for your business, and can provide the local insight which we know business owners value.

We’re one of the top five institutional venture capital investors in the UK by volume, with more than £100m invested in tech businesses.

We also work alongside partner organisations like Business Wales, and offers co-investment alongside banks, crowd funders, grants, private and corporate investors and other lenders.

And we’re committed to helping Welsh businesses improve their sustainability and achieving net-zero goals, helping them to transition to Wales’ green business future.

For more information, visit the Development Bank website at www.developmentbank.wales to find out more.

 

Related Articles