Canada's Largest Food Distributor Adds Electric Tractors to Fleet in Victoria, British Columbia
Rhea-AI Summary
Sysco (NYSE:SYY), the world's largest food distributor, has added 8 heavy-duty electric tractors to its fleet in Victoria, British Columbia. This addition is part of Sysco's broader sustainability initiative to reduce scope 1 and 2 emissions by 27.5% by 2030. The Victoria fleet now serves over 1,500 customers, including restaurants, healthcare, and education sectors. Globally, Sysco has over 130 heavy-duty electric tractors across the United States, Canada, United Kingdom, and Sweden.
Neil Russell, Sysco's Chief Administrative Officer, emphasized the importance of partnerships with the Government of Canada, the Government of British Columbia, and BC Hydro in achieving their climate goals. The company celebrated this milestone during National Trucking Week at their Victoria distribution center, highlighting the zero tailpipe emissions of electric tractors and their alignment with customer expectations for responsible foodservice distribution.
Positive
- Addition of 8 heavy-duty electric tractors to the Victoria fleet
- Global electric tractor fleet now exceeds 130 units
- Serves over 1,500 customers in Victoria
- Zero tailpipe emissions from electric tractors
- Alignment with customer expectations for responsible distribution
Negative
- None.
Insights
The addition of 8 heavy-duty electric tractors to Sysco's fleet in Victoria, BC, is a significant step towards reducing the company's environmental impact. This move aligns with Sysco's broader sustainability goal of reducing scope 1 and 2 emissions by
While the immediate impact on Sysco's financials may be , this initiative could yield long-term benefits:
- Reduced fuel costs and maintenance expenses for electric vehicles
- Enhanced brand reputation among environmentally conscious customers
- Potential regulatory advantages as governments increasingly favor low-emission technologies
However, investors should consider the initial capital expenditure required for fleet electrification and the need for charging infrastructure. The partnership with government entities and BC Hydro suggests potential financial incentives or support, which could mitigate some costs. Overall, this move positions Sysco favorably in the evolving landscape of sustainable business practices.
This is a part of Sysco Corporation's larger sustainability commitment which aims to reduce scope 1 and 2 emissions by
VICTORIA, BC / ACCESSWIRE / September 24, 2024 / Sysco
Originally published on September 05, 2024 on Sysco
Sysco Corporation (NYSE:SYY), the world's largest food distributor, celebrated the arrival of 8 heavy-duty electric tractors to their fleet in Victoria, which serves over 1,500 customers including restaurants, healthcare and education customers. In total, Sysco now has over 130 heavy-duty electric tractors globally across the United States, Canada, United Kingdom and Sweden.
"We are excited to scale our electric truck fleet into Canada and continue our journey to meet our climate goal of reducing emissions across the enterprise. One component of our climate goal is electrifying a portion of our fleet, and our partnership with the Government of Canada, the Government of British Columbia and BC Hydro is key to helping us achieve this," says Neil Russell, Sysco's Chief Administrative Officer. "Electric tractors produce zero tailpipe emissions which is good for the environment and important for our customers who want to do business with a responsible foodservice distributor."
Sysco Canada hosted an event at their distribution center in Victoria during National Trucking Week to celebrate this milestone with leadership, colleagues, government officials, and vendor partners.
A video news release with clips from the event is provided here.
More information on Sysco's sustainability commitments can be found in Sysco's 2023 Sustainability Report.
About Sysco
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 76,000 colleagues, the company operates 340 distribution facilities worldwide and serves approximately 730,000 customer locations. For fiscal year 2024 that ended June 29, 2024, the company generated sales of more than
For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods. For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.
For more information contact:
Media Contact
Matt Stewart
Matt.Stewart@sysco.com
281-584-1390
View original content here.
View additional multimedia and more ESG storytelling from Sysco on 3blmedia.com.
Contact Info:
Spokesperson: Sysco
Website: https://www.3blmedia.com/profiles/sysco
Email: info@3blmedia.com
SOURCE: Sysco
View the original press release on accesswire.com
FAQ
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