Progress 
that 
Matters
ESG REPORT  |  JUNE 2023

Table of Contents
3	
A LETTER FROM OUR CEO
4	
ABOUT ELEMENT
6	
ESG AT ELEMENT
12	 ENVIRONMENTAL 
19	 SOCIAL 
30	 GOVERNANCE
34	 THE ROAD AHEAD
35	 INDICES
Table of Contents
2023 ESG Report
2
3
A LETTER FROM OUR CEO
4
ABOUT ELEMENT
6
ESG AT ELEMENT
12
ENVIRONMENTAL
19
SOCIAL
30
GOVERNANCE
34
THE ROAD AHEAD
35
INDICES

level of discovery gave us the confidence to align our disclosures 
herein with the internationally recognized standards established by 
the Sustainability Accounting Standards Board. We are also aligning 
our efforts to five of the United Nations Sustainable Development Goals 
that are material to our business and our stakeholders. These actions 
underscore our commitment to accountability, transparency, and 
progress that matters.
Our impact is led by our people.
The strong momentum we’ve built is thanks to our people who continue 
to bring their energy, skills, and creativity to deliver on our ESG programs. 
This collective effort is a direct result of our dedication to building a more 
inclusive workplace through strong Diversity, Equity, and Inclusion (DE&I) 
practices. We care deeply about our people and providing equal access 
to opportunities. That caring also extends to our commitment to doing 
business with diverse suppliers and supporting equity in education, 
environmental projects, and emergency response. All of this work is 
anchored by Element’s strong governance practices which have once 
again ranked among the top of Canadian publicly traded companies 
on the S&P/TSX Composite Index. 
As we move forward, our focus will be to simultaneously accelerate the 
growth of our business and make a positive impact in the communities 
in which we live and work. It’s an exciting time to be at Element and I’m 
looking forward to working alongside our people to make the most of 
the tremendous opportunity ahead.
Sincerely,
A Letter from 
Our CEO
Proud to present Progress that Matters.
Element’s Environmental, Social, and Governance (ESG) actions in 
2022 represent meaningful progress towards a future where we deliver 
sustained and positive differences to the clients and communities we 
serve globally.
This report documents the advancements we have realized in the two 
years since we made ESG a strategic priority. Our advances have been 
made possible by our people, clients, suppliers, and all the partners 
that support our efforts. Together, we share a commitment to operating 
with accountability, transparency, and a genuine desire to continue 
collaborating on this important work.
We start with accountability.
As a fleet management company, we have a unique opportunity 
to guide our clients through a wide spectrum of opportunities from 
lowering vehicle idle times to the more complex transition to lower 
carbon emissions. While it’s just the start, these developments spark 
innovation and motivation to make new commitments including 
reducing the environmental footprint of our own business.
Transparency enables progress.
We are on a journey to understand our own impact so we can accelerate 
our progress. Last year, we interviewed key stakeholders and conducted 
a materiality assessment to provide a view of the financial and societal 
impacts of priority areas within our business. 
We also inventoried three years of our historical greenhouse gas 
emissions to develop an understanding of our climate impact. This 
LAURA DOTTORI-ATTANASIO
President & Chief Executive Officer
INTRODUCTION
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2023 ESG Report
ESG AT ELEMENT
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES

1.5M
vehicles under management
700+ 
industries
50+ 
countries serviced through our 
Element-Arval Global Alliance 
40
global Net Promoter Score
2.5K+ 
employees around the globe
5.5K+ 
clients
About 
Element
As fleet experts, we make the complex 
simple for our clients. Element is the 
largest publicly traded pure-play 
automotive fleet manager in the world, 
providing world-class services to the 
owners and drivers of over 1.5 million 
commercial vehicles.
Our business is exclusively focused on providing a full range of 
fleet services and solutions to a growing base of world-class 
clients — corporations, governments, and non-profits — across 
the United States, Canada, Mexico, Australia, and New Zealand.  
Element provides an end-to-end suite of fleet management 
services that span the total fleet lifecycle, from acquisition 
and financing to program management and vehicle 
remarketing — helping clients optimize performance and 
improve productivity every step of the way. As the global leader 
in fleet management, we provide superior client experience and 
tailored solutions, along with deep and broad expertise to help 
our clients achieve extraordinary results. 
At Element we ensure our clients’ vehicles are safer, smarter, 
and more productive.
PUTTING OUR CLIENTS FIRST
Our goal is to deliver a superior client experience, nurture strong 
partnerships, and achieve the highest standards of client 
satisfaction. We measure the consistency and effectiveness 
with which we deliver our services through Net Promoter Scores1 
(NPS). Our contin­ued focus on client experience yielded strong 
NPS results throughout 2022, with global NPS increasing five 
points over the course of the year, finishing at a record high of 40.
ELEMENT: AT A GLANCE
Superior Client 
Experience
THE ELEMENT ADVANTAGE
Tailored Solutions 
and Services
Deep Expertise 
and Coverage
Financial Strength 
and Resilience
1	 Net Promoter Scores (“NPS”) are established by asking a group of clients “How likely is it that you would recommend Element to a friend or 
	
colleague on a scale of 1-10?” Our Global NPS is a weighted (by geographic contribution to net revenue) average of our trailing-four quarter Net 
	
Promoter Scores in each of our geographies.
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ESG AT ELEMENT
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION

75%
increase in Electric 
Vehicle originations
$1.75B
spent with over 4,800 
diverse suppliers
44%
women Board of Directors 
and 22% diverse
ENVIRONMENTAL
	• Committed to 100% ELECTRIFICATION of our internal fleet in New 
Zealand with Australia on target to be fully electric in mid-2024.
	• 100% OF ELEMENT’S INTERNAL FLEET to be electrified by 
the end of 2025.
	• Launched approximately 70 EV PILOTS GLOBALLY.
SOCIAL
	• 51% WOMEN and 21% BLACK, INDIGENOUS, AND PEOPLE OF 
COLOUR in our workforce
	• 87% DE&I INDEX SCORE
	• 82% EMPLOYEE ENGAGEMENT INDEX SCORE 
	• 11,482 ACCIDENTS AVOIDED and $57M IN REPAIR SPEND 
avoided through safety products
GOVERNANCE
	• TOP 7% of 226 Canadian companies in The Globe and 
Mail’s Board Games
	• ECOVADIS SILVER MEDAL, top 25% of companies assessed 
	• SIGNATORY of the United Nations Global Compact
2022 
Highlights
At Element, we are inspired by the possibility of a more 
sustainable and inclusive world, and dedicated to 
creating progress that matters to our people, clients, 
suppliers, and communities. This commitment is 
backed by accountability and transparency — we 
continue to set targets, share our progress, and improve 
our ESG performance globally.
*compared to 2019 baseline, reduction calculated  
  utilizing scope 2 market-based GHG emissions
55%
reduction in scopes 1 
and 2 GHG emissions*
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2023 ESG Report

ESG at Element
To achieve progress that matters at Element, we are driving 
advancements in fleet electrification, diversity within our 
workforce and across our value chain, and supporting our 
communities.
ESG AT ELEMENT
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ESG Balanced Scorecard
Materiality Assessment
UN SDGs
Recognition
Our ESG Approach
INTRODUCTION

ESG Balanced 
Scorecard
1	
Black, Indigenous, and People of Colour
2	 ISS scale is 1 to 10 with lower equaling less risk
Strategic Objectives
Metrics
Status
Results
Environmental
Reduce carbon 
footprint and invest 
in green technology
Reduce EFN carbon emissions
Electrification of Internal Fleet
    
•	 20% of our global fleet is electrified, with a goal of 100% by the end 
of 2025
Enable client fleet electrification
EV Originations
    
•	 75% increase in EV originations over prior year
Social
Catalyze positive 
social impact in the 
communities where 
we live and work
Attract and develop a diverse 
workforce
Diversity Representation Index
    
•	 Met our targets on both women and BIPOC1 promotions and BIPOC1 
external hires
Promote diversity across our 
supply chain
Supplier Diversity
    
•	 $1.75B spent with diverse suppliers
•	 Launched diverse supplier locator and diversity spend dashboard 
tools
Give back to our communities
Total employee volunteered time
Corporate donations
    
•	 2,100 employee volunteer hours
•	 Met our target for donations to nonprofits
Improve employee and client 
satisfaction
Employee Engagement Index
Global NPS Score
    
•	 82% employee engagement score
•	 40 NPS 
Improve client and driver safety
Number of accidents per million 
kilometers driven
    
•	 3.95 preventable accidents per million kilometers driven
Governance
Evolve ESG reporting, 
education and 
awareness
Improve external ESG scores
EcoVadis and ISS scores
    
•	 EcoVadis silver medal - top 25% 
•	 ISS score of 3 in both governance and social ratings2
Board composition
Director independence, diversity 
and tenure
    
•	 Achieved target of 40% women on our Board of Directors
Element aims to play a meaningful role in creating a more sustainable and inclusive future. To accomplish this, ESG is 
integrated into all facets of our business strategy. 
In 2020, we began setting quantitative targets and measuring our results in each of the three pillars: Environmental, Social, 
and Governance. The resulting ESG Scorecard has been incorporated into Element’s global Balanced Scorecard to drive 
performance across the organization. Our 2022 ESG Balanced Scorecard and results are below.
Achieved
Outperformed
Progressed
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2023 ESG Report
ESG Balanced Scorecard
Materiality Assessment
UN SDGs
Recognition
Our ESG Approach
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT

IMPORTANCE TO BUSINESS
IMPORTANCE TO STAKEHOLDERS
Materiality Matrix
Client Experience
Employee Engagement
and Satisfaction
Greenhouse Gas Footprint
Transparent 
Communication 
and Disclosure
Fleet/Driver Safety
Diversity, Equity, 
and Inclusion
Sustainable 
Procurement
Data Privacy and 
Cyber Security
Governance and 
Risk Management
EV Solutions
Materiality 
Assessment 
STAKEHOLDER ENGAGEMENT
Our stakeholders play an important role in our strategy and programs. 
We engage key stakeholder groups regularly to ensure that they are 
considered in our decision-making process.
A comprehensive understanding of priority ESG topics is crucial to Element’s 
strategic planning and reporting. To focus our efforts on the areas of 
greatest impact and influence, Element engaged a third-party to conduct an 
assessment of material topics, which was completed in December 2022. A short 
list of topics was identified, and 27 key stakeholders were engaged through 
interviews. The materiality assessment concluded that EV solutions, our GHG 
footprint, and DE&I will have the highest importance to Element’s long-term 
performance.
Stakeholder
How we engage
Our clients
•	 Satisfaction surveys
•	 Meetings
•	 Client Advisory Board
Our people
•	 Engagement surveys
•	 Performance reviews
•	 Development conversations
•	 Business Resource Groups
Our investors
•	 Annual and quarterly 
disclosures
•	 Investor meetings and 
conferences
•	 Investor Day 
•	 AGM
Our suppliers
•	 Supplier satisfaction surveys
•	 Supplier scorecards
•	 Requests for proposals
•	 Supplier onboarding
Our communities
•	 Community giving
•	 Volunteerism
E
S
G
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2023 ESG Report
ESG AT ELEMENT
ESG Balanced Scorecard
Materiality Assessment
UN SDGs
Recognition
Our ESG Approach
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION

UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS
The United Nations Sustainable Development Goals (UN SDGs) provide a blueprint for a sustainable and inclusive world. Element is committed to 
progress and aims to contribute, focusing on five UN SDGs that we believe are most relevant to our global business. We are actively engaged with 
the United Nations, participating in programs including the SDG Ambition Accelerator and ESG Report Peer Review Program.
Target
3.4 Promoting Mental Health 
and Well-Being
3.6 Reducing injuries 
and deaths from traffic 
accidents  
Our Actions
•	 Element provides wellness 
and mental health 
resources for all our 
permanent employees 
and their families.
•	 Our suite of fleet 
driver safety products 
and services make a 
difference, reducing 
preventable collisions by 
21% (average) over three 
years.
•	 Within the U.S. and 
Canada, we offer our 
DriverCare CoPilot® 
product to our employees 
and their families free of 
charge. 
Target
4.3 Access to affordable, 
quality education
Our Actions
•	 Our employees 
participated in 6,635 hours 
of continuous education 
and training in 2022 
including the McKinsey 
Leadership Academies.
•	 Our employees received 
over $290,000 in tuition 
reimbursement in 2022.
•	 We provided $10,000 in 
scholarships through 
UNCF (U.S.).
•	 We donated $10,000 to 
Chapter One (Canada) 
and $7,500 to Reading 
Partners (U.S.) to provide 
books and resources to 
school children.
Target
8.3 Promote economic 
inclusion in the supply chain
Our Actions
•	 Element directed $1.75 
billion in client spend to 
diverse suppliers in 2022. 
At Element, our supplier
diversity program is 
a cornerstone of our 
Diversity, Equity, and 
Inclusion strategy. Over 
the past 25 years, we’ve 
built a strong network of 
more than 4,800 diverse 
suppliers.
Target
10.3 Ensuring equal 
opportunity and reduced 
inequality
Our Actions
•	 In 2022, we hired 47%  
women globally and 37% 
BIPOC in the U.S. and 
Canada.
•	 We have achieved parity 
for women and BIPOC 
employees compared 
to men and non-BIPOC 
colleagues in the U.S. 
and Canada. We are 
committed to ensuring 
fair and equitable pay 
at every stage of the 
compensation process. 
Target
13.1 Strengthen climate 
resilience
Our Actions
•	 Element’s goal is to 
electrify 100% of our 
internal fleet across all 
five countries in which 
we operate by the end 
of 2025. Currently we 
have achieved 20% 
electrification globally. 
•	 We bring our expertise 
and support to our clients, 
with approximately 70 EV 
pilot programs launched 
globally in 2022.
•	 Being an influencing 
member of two 
EV alliances, we 
are advancing the 
sustainability of our 
industry through global 
partnerships. 
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2023 ESG Report
ESG AT ELEMENT
ESG Balanced Scorecard
Materiality Assessment
UN SDGs
Recognition
Our ESG Approach
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION

SOCIALLY RESPONSIBLE 
COMPANY
by ESR in Mexico (3rd consecutive 
year)
BEST PLACES TO WORK 
IN 2022
Recognizes transformative work 
from climate to client satisfaction 
and employee engagement
BEST CEOS IN MEXICO
Recognizes CEOs focused on 
business growth and culture
TOP 7%
of 226 Canadian companies in the 
2022 Globe and Mail Board Games
BEST-IN-CLASS EMPLOYER
scoring in the top quartile 
for optimizing employee and 
organizational wellbeing, named 
by Gallagher
SUPPLIER LEADERSHIP 
AWARD IN DIVERSITY
from Johnson Controls International 
(3rd consecutive year)
TOP 25%
of companies assessed by 
EcoVadis
We were honored by the recognition for our efforts 
in 2022 from leading organizations:
UNITED NATIONS
GLOBAL COMPACT 
On June 2, 2022, Element became a signatory of the 
United Nations Global Compact. We will submit our 
first Communication on Progress in 2023. Element 
Mexico has been a signatory since 2020 and 
submitted their second annual Communication on 
Progress in 2022. 
Recognition
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2023 ESG Report
ESG AT ELEMENT
ESG Balanced Scorecard
Materiality Assessment
UN SDGs
Recognition
Our ESG Approach
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION

Our ESG 
Approach
Element’s ESG mandate is supported at all 
levels of our organization, beginning with 
oversight by our Board of Directors. Executive 
leadership reports to the Board at least 
quarterly to guide our strategy and monitor 
progress.
ESG OVERSIGHT
The Compensation and Corporate Governance Committee 
of the Board of Directors oversees all material Environmental, 
Social, and Governance matters. The committee convenes 
quarterly.
The ESG Steering Committee is comprised of Executives 
and Vice Presidents from Operations, Electric Vehicles, 
People, Performance and Culture, and Legal. The Steering 
Committee meets monthly and serves as a rapid decision 
forum to provide ongoing strategic direction to the ESG 
program. 
	• DAVID COLMAN, Executive Vice President and General 
Counsel: Governance
	• JIM HALLIDAY, Executive Vice President and Chief 
Operating Officer: Electric Vehicle Solutions, Sustainable 
and Diverse Procurement, Safety
	• JACQUI MCGILLIVRAY, Executive Vice President and 
Chief People and Social Impact Officer: Greenhouse 
Gas Footprint, Diversity, Equity, and Inclusion, Employee 
Engagement
The ESG Leadership Committee convenes global leaders 
from Operations, Electric Vehicles, People, Performance, 
and Culture, Product Management, Sourcing, Strategic 
Consulting, and Legal in monthly meetings to lead the 
implementation of the ESG program, support client 
engagement, and organize workstream members. 
Additional senior executives have oversight responsibility 
for key aspects of our ESG strategy and related material 
issues, including:
	• CHRIS GITTENS, Executive Vice President and Chief 
Digital Officer: Data Privacy and Security
	• DAVID MADRIGAL, Executive Vice President and Chief 
Commercial Officer: Client Experience
	• FRANK RUPERTO, Executive Vice President and Chief 
Financial Officer: Risk Management
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2023 ESG Report
ESG AT ELEMENT
ESG Balanced Scorecard
Materiality Assessment
UN SDGs
Recognition
Our ESG Approach
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION

Environmental 
Element works to manage our own greenhouse gas footprint, 
help our clients reduce theirs, and move the fleet management 
industry to a lower carbon economy. We are well-structured to 
ensure our climate ambitions are realized. We are on a journey 
to educate our people, so every individual can understand their 
responsibility and impact.
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ESG AT ELEMENT
Fleet Electrification
Moving the Industry 
Forward
Sustainability in Our 
Operations
Emissions
INTRODUCTION

Fleet 
Electrification
ELECTRIC VEHICLE GOALS
As part of our electrification journey, Element set firm commitments 
anchored in decarbonization:
	• Install charging infrastructures across all global offices by 2023
	• Electrify our internal fleet in Australia and New Zealand by mid-2024 
and North America by the end of 2025
	• Transition 350,000 client vehicles by 2030
100% of Element’s internal fleet to be 
electrified by the end of 2025 
ENABLING FLEET ELECTRIFICATION
To facilitate and support our clients’ Electric Vehicle (EV) transition, 
we are developing new products and services that can scale to 
meet the demands of fleets of any size, from hundreds of vehicles to 
thousands. In 2022, we streamlined and scaled our approach to client 
fleet electrification: 
	• EV TRANSITION PLANNING We are supporting demands for bespoke 
analysis for Greenhouse Gas (GHG) reduction goal development, 
long-term EV transition roadmaps, EV feasibility studies, and custom 
pilot designs.
	• ROADMAPS AND PILOTS Arc by Element helps position our clients 
for EV transition at scale through a series of pilots unique to their 
fleets. In 2022, we more than doubled our target with the launch of 
approximately 70 PILOTS globally across a wide range of EV types 
and use cases.
	• DRIVER EXPERIENCE Part of our pilot focus is the driver experience. 
We held over 30 driver support and education training sessions and 
effectively coordinated vehicle delivery with infrastructure deployment 
across 40 pilots globally.
ARC BY ELEMENT 
At the beginning of 2022, Element launched Arc 
by Element, our end-to-end fleet electrification 
solution. By the end of 2022, Element had 26,200 
electric vehicles under management (eVUM) 
in our global vehicle portfolio (inclusive of HEV, 
PHEV and BEV) and have continued to see a 
rapid acceleration in eVUM through client 
engagement with our Arc by Element product.
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2023 ESG Report
Fleet Electrification
Moving the Industry 
Forward
Sustainability in Our 
Operations
Emissions
INTRODUCTION
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ESG AT ELEMENT
ENVIRONMENTAL

ELEMENT’S EV PILOT 
EVALUATION TOOL 
In late 2022, Element launched a new EV feasibility 
tool to develop customized reports for our clients. 
The tool considers multiple factors to create a 
prioritized list of recommended vehicles for EV 
transition in a client’s fleet, along with comparative 
metrics and GHG savings by model type. With data 
from an industry-leading benchmarking database, 
Element’s automated consulting tools enable client 
EV discussions to progress rapidly. 
OUR PROGRESS IN AUSTRALIA AND 
NEW ZEALAND
Our comprehensive global end-to-end EV offering is built on 
the success of our colleagues in New Zealand who, 5 years 
ago, launched Australia and New Zealand’s first integrated EV 
product by a fleet management company.
Continuing this leadership, our New Zealand and Australian 
internal fleets will be the first to be fully electric, with our New 
Zealand internal fleet achieving 100% electrification in 2021 and 
our Australian internal fleet expected to be fully electric by mid-
2024.
We also completed the expansion of charging infrastructure 
across all office locations in 2022. Lessons learned through our 
early EV leadership and our own electrification process enable 
us to provide expert support for clients on their EV transition 
journeys, helping them overcome challenges from technical 
infrastructure to workforce change management. 
100% of our internal fleet in New 
Zealand consists of electric 
vehicles and Australia is on target 
to be fully electric by mid-2024
FLEET ELECTRIFICATION TRENDS AND 
CLIENT DEMAND 
Investment in EV and charging equipment is increasing from 
both government and private entities:
	
• COLLECTIVELY, THERE IS $500B+ USD OF PLANNED 
INVESTMENT IN VEHICLE ELECTRIFICATION by original 
equipment manufacturers (OEMs), between 2022 and 2030.1
	• IN 2022, 100 ADDITIONAL EV MODELS WERE INTRODUCED, 
including the first electric pick-up trucks, improving availability 
of more service-oriented light duty vehicles. We expect growth 
in vehicle availability to accelerate client EV adoption.
	• The Inflation Reduction Act (IRA) has introduced tax credits 
for U.S. electric vehicles and $10B USD in funding to develop EV 
charging infrastructure. Element sees access to these credits 
as an accelerator for our clients’ sustainability objectives. We 
are actively engaged with key stakeholders to help clarify rules 
and create processes to capture value from these tax credits 
on behalf of our clients.
	• Recent changes in the Australian Fringe Benefit Tax have 
driven significant incremental client interest in EV suitability 
and requests for EV transition consultancies.
	• Element is currently working with Transport Canada to enable 
us to apply directly for, and fully maximize, the EV related 
rebates within the iZEV Program on behalf of our clients.
1	
ABI Research
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2023 ESG Report
ENVIRONMENTAL
Fleet Electrification
Moving the Industry 
Forward
Sustainability in Our 
Operations
Emissions
INTRODUCTION
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ESG AT ELEMENT

ENABLING EV TRANSITION
While EVs continue to be early in the adoption cycle, we are 
securing the resources and building best practices to ensure 
long-term viability for the EV transition:
INDUSTRY OPPORTUNITIES
	• VEHICLES Vehicle acquisition is a fundamental component 
of fleet operations but has hindered client conversion in the 
near term due to inventory and supply chain constraints and 
the availability of relevant service vehicles. We continue to 
work closely with OEMs to incorporate new model launch 
timing into our clients’ replacement planning for a seamless 
transition and minimal service disruption when these vehicles 
are available. 
	• MAINTENANCE Element’s proprietary managed network 
continues to evolve their capabilities to meet market demand. 
Initiatives include identification of EV capable ‘In Network 
Dealers’ and enhancing technology to enable more visibility 
to those locations. Our maintenance experts are elevating 
their EV knowledge by participating in industry and internal 
training to assist drivers and clients with EV maintenance 
transactions.
ELEMENT PROGRESS
	• TRAINING In 2022, Element partnered with I-CAR to deliver EV 
training and certification to our teams. We are pioneering EV-
centric driver safety vehicle care training, enabling our clients 
to keep their drivers safe and maximize the residual value of 
the vehicles. In addition, we are supporting the development 
and delivery of EV-related education across the fleet industry 
through our leadership role in the International Automotive 
Remarketers Alliance.
	• B E N C H M A R K S We are standardizing EV-specific 
benchmarking across all our product areas, and developing 
reporting for energy, utilization, battery health, and other 
novel EV requirements — all of which will be continually 
improved as the market evolves. 
JASON KAZMAR 
Director, EV Strategy and 
Sustainability, hosted a 
“Master Your EV Journey” 
webinar, bringing together 
industry leaders from 
Verizon, Black & Veatch, 
and the Rocky Mountain 
Institute (RMI) to discuss 
their journeys towards 
fleet electrification. 
FRANCISCO CABEZA
Lead, Electric Vehicles, was 
interviewed on Mexico’s 
Milenio National Business 
Television to discuss the 
myths around e-Mobility.
NATASHA MENON
Strategy Lead, Electric 
Vehicles, and the Custom 
Fleet team hosted clients 
in Sydney and Brisbane, 
Australia and Wellington, 
New Zealand to discuss 
the latest insights, 
current trends, and future 
possibilities for EVs.
	• REMARKETING We collaborate with leading and emerging 
remarketing sales support providers to spur the development 
of tools to assess EV battery health and build a comprehensive 
EV-specific remarketing infrastructure. As EVs become more 
prevalent in the aftermarket, we are in discussion with leaders 
in EV battery recycling to promote battery component re-use 
and recycling. 
ENGAGEMENT
As the market leader everywhere we operate, Element is 
well positioned to lead our industry through the gradual 
electrification of fleets. Industry engagement was a key priority 
in 2022, with 24 speaking engagements and 21 pieces of content 
published globally. Some notable engagements included:
AVNINDER BUTTAR
Vice President, Strategy, 
and responsible for 
our Global EV Strategy 
participated in a panel 
at the Global Fleet 
Conference in Miami titled 
‘Fleet as a Strategic Asset: 
5 Ways to Drive Margins’ 
and hosted the Element 
EV Advisory Council in 
Charlotte, NC for a 2-day 
off-site discussing barriers 
to fleet electrification and 
collaborative ways to 
overcome them.
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2023 ESG Report
ENVIRONMENTAL
Fleet Electrification
Moving the Industry 
Forward
Sustainability in Our 
Operations
Emissions
INTRODUCTION
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ESG AT ELEMENT

Moving the 
Industry 
Forward
ELEMENT’S EV ADVISORY COUNCIL
Element established an EV Advisory Council in 2022 to ensure we connect 
with stakeholder groups in industries related to fleet electrification. 
Members include Verizon, Schneider Electric, EO, Motorq, National Grid, 
and RMI.
The Council is comprised of key partners, subject matter experts, and 
sustainability-focused clients. The Council is designed to identify 
barriers to electrification and collaborate on cross-functional solutions. 
Key areas of collaboration are supporting utilities and identifying how to 
make long-term investment decisions related to decarbonizing fleets at 
scale. In 2023, we will continue to work with this group on several studies 
and industry thought leadership to help accelerate decarbonization.  
BEYOND EV
While transitioning Internal Combustion Engine (ICE) vehicles to EVs is 
the largest GHG reduction lever for a fleet, there are many ways to tackle 
GHG reduction in advance of fleet electrification at scale. We have the 
largest and deepest vehicle benchmarking dataset in the market, which 
enables us to assess the value of emission reduction initiatives and help 
clients develop fleet decarbonization plans. 
MARVA AND ARC BY ELEMENT 
The cargo transportation sector accounts for 
25%1 of Mexico’s greenhouse gas emissions. 
Through Arc by Element, Marva, a leading 
transportation and logistics services provider 
in Mexico, acquired the first 50 of 120 Class 
8 EV semi-trucks. This shift has resulted in a 
significant reduction in emissions with 7,600 
TONS OF CO2 AVOIDED PER YEAR.
1	
Climate initiative Mexico with data from 
	
Environmental Secretariat
Element works to find the best combination of GHG reduction strategies 
to fit each client’s business needs. These solutions include:
	• REDUCING CLIENT FLEET PETROLEUM CONSUMPTION through idle 
reduction tracking, vehicle rightsizing and optimizing utilization.
	• THE USE OF HYBRID ELECTRIC VEHICLES (HEV) and more fuel-
efficient vehicles. 
	• THE INTRODUCTION OF ZERO-EMISSION VEHICLES (ZEV) like plug-in 
hybrid vehicles (PHEV), battery electric vehicles (BEV), and fuel-cell 
vehicles (FCV).
We continue to explore additional ways to reduce GHG within our ICE 
vehicles, including low carbon fuels, lubricants, and the use of more 
sustainable consumables like tires and fluids. 
STRATEGIC ALLIANCES
Element aims to lead the fleet management industry’s energy transition. 
In 2022, we became a member of the Ceres Corporate Electric Vehicle 
Alliance and the Accelerate: Canada’s Zero-Emission Vehicle Supply 
Chain Alliance.
The Corporate Electric Vehicle Alliance 
Led by Ceres, the collaborative group of 32 companies is focused on
accelerating the transition to electric vehicles. Element attended the 
inaugural meeting, and monthly engagements continue to increase 
our active participation in policies supporting zero-emission vehicle 
access for our clients.


Accelerate  
Canada’s Zero-Emission Vehicle Supply Chain Alliance is a five-year 
national initiative bringing together key players across Canada. Element 
will participate in workshops around infrastructure, investment, and fleet 
adoption to support development of the ZEV supply chain in Canada.
16
2023 ESG Report
ENVIRONMENTAL
Fleet Electrification
Moving the Industry 
Forward
Sustainability in Our 
Operations
Emissions
INTRODUCTION
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ESG AT ELEMENT

Sustainability 
in Our 
Operations
Beyond fleet electrification, we work to reduce emissions in our global 
operations by reducing waste and saving energy. Element is dedicated 
to locating offices within LEED certified buildings; three of our seven 
office locations are LEED spaces, with a fourth location moving towards 
LEED certification in 2023. We offer recycling across our facilities, use 
electronic documents as often as possible, and provide reusable 
and recyclable containers and cutlery in our dining services. Our 
Communities, Activities, Recreation, and Environment (CARE) Business 
Resource Group also supports our efforts by rallying our employees to 
play a part in creating a more sustainable environment.
With the information garnered through our emissions inventory, we are 
enhancing our efforts to manage the environmental footprint of our 
facilities with a focus on reducing emissions.
We have implemented several strategies across our sites, working to 
improve sustainability across all aspects of our buildings. These include 
standardizing LED technology upgrades in line with best practices, 
implementing light sensors and timers for auto shut off, working with 
landlords to implement tracking systems to identify equipment upgrades 
to reduce energy, and pursuing internationally recognized certifications 
for leadership and strategy in energy design and operations.
	• Within our Baltimore office Element is experiencing $200,000 in annual 
energy reduction cost savings, through identifying and eliminating 
a material percentage of phantom energy usage and automating 
HVAC systems.
	• In Mississauga we are working with building management to optimize 
water supply and increase the fuel efficiency of water heaters. 
	• In Minneapolis new tracking software was introduced to allow for 
additional energy savings identification with the building planning 
to pursue an Energy Star certification in 2023, on top of their LEED 
certified status. 
PARTNERING TO REDUCE WASTE
In partnership with Safelite, our U.S. glass 
provider, Element recycled 344 TONS OF GLASS 
IN 2022 on behalf of our clients. 
Our Repair First policy: In lieu of replacements, 
many of our clients opted to repair their 
windshields in 2022, with each repair resulting 
in at least 70% LESS CO2 EMISSIONS, reducing 
both cost and carbon footprint. 
17
2023 ESG Report
ENVIRONMENTAL
Fleet Electrification
Moving the Industry 
Forward
Sustainability in Our 
Operations
Emissions
INTRODUCTION
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ESG AT ELEMENT

Emissions
In 2022, Element engaged an international greenhouse gas consultancy to 
calculate our 2022, 20214, and 2019 emissions. Three years of emissions were 
calculated to gain a better understanding of our impact over time, with 
2019 as a baseline. The emissions inventory was calculated in accordance 
with the Greenhouse Gas Protocol and includes our Scope 11, Scope 22, and 
upstream Scope 33 emissions. 
We continually strive to improve resource efficiency in our operations with a 
goal of shrinking our emissions footprint. Across our Scope 1 and 2 emissions, 
we reduced our greenhouse gas footprint 55% in 2022 (compared to our 2019 
baseline). This is primarily due to internal fleet electrification and decreased 
energy usage. We reduced our global real estate footprint by 38% in 2022 
generating a decrease in our facility emissions.
Upstream Scope 3 emissions have increased 4% from our 2019 baseline. This is 
a result of our growing business as we continue to originate vehicles (Capital 
Goods) on behalf of our clients and grow our vehicles under management 
(VUM). This growth in vehicle count allows Element to further our work with 
clients to provide infrastructure and solutions to reduce total costs of fleet 
operations (TCO) as well as provide a path to decarbonization. As ZEV model 
availability continues to grow in the market, we are committed to ensuring 
the full scope of decarbonization options are highlighted to clients through 
our Arc by Element offering — this includes ZEV introduction, idle reduction 
analysis and fleet rationalization. We also leverage advanced analytics to 
conduct greenhouse gas emission modeling for our clients to help support 
their emission reduction targets. 
With a deeper understanding of our environmental footprint, we continue to 
hold ourselves accountable by making investments in people, technology, 
and our operations to advance our sustainability mandate. In 2023, we are 
working towards setting emission reduction targets across our facilities, 
business practices, and supply chain. 
LOOKING FORWARD
Element continues to lead with integrity and build strong governance practices. As our ESG strategy matures, we will 
continue to enhance our public disclosures, ensuring we are meeting all reporting obligations, including climate disclosure 
requirements, and promoting a commitment to transparency. We are building necessary plans, infrastructure, and systems 
to meet future climate reporting requirements in alignment with the recommendations of the Task Force on Climate-
related Financial Disclosures (TCFD).
SCOPE 1
20227
20216，7
20197
950
960
2,005
20227
20216，7
20197
SCOPE 2 (location-based)
2,454
2,258
4,897
SCOPE 3 (upstream)
 1,825,525 
 1,458,416 
 1,757,120 
20227
20216，7
20197
2019, 20214, 2022 Greenhouse Gas Emissions (MT CO2e5)
SCOPE 2 (market-based)
2,277
2,316
5,211
20227
20216，7
20197
Values rounded to the nearest whole number
4	 Inaugural GHG inventory conducted in early 2022 for baseline year (2019) and most recent year (2021)
5	 Metric Tonnes of Carbon Dioxide equivalent
6	 Reduction in 2021 emissions a result of macroeconomic factors influencing Element’s operating environment 
7	 2019, 2021 and 2022, Scope 1, 2 and upstream scope 3 emissions were assured to a limited extent by EY
1	
Scope 1: Emissions from sources owned or controlled by the reporting 
	
company.
2	 Scope 2: Emissions due to activities of the reporting company but occur at 
	
sources owned or controlled by another company. 
3	 Scope 3: Emissions due to activities from assets not owned or controlled by 
	
the reporting organization, but the organization indirectly impacts in its 
	
value chain.
18
2023 ESG Report
ENVIRONMENTAL
Fleet Electrification
Moving the Industry 
Forward
Sustainability in Our 
Operations
Emissions
INTRODUCTION
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ESG AT ELEMENT

Social 
We are committed to the responsibility we have as corporate 
citizens and are active members of the communities where 
we work, live, and do business. Driven by our responsibility to 
future generations, we are tackling the issues we face as a 
society by investing our time, talent, and financial support with 
a sustainability lens.
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
ENVIRONMENTAL
Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
INTRODUCTION
ESG AT ELEMENT

Diversity, 
Equity, and 
Inclusion 
Diversity, Equity, and Inclusion (DE&I) is a driving force in our culture. 
We seek to create an environment where all employees are respected 
and have the opportunity to thrive, regardless of race, ethnicity, religion, 
sexual orientation, gender, veteran status, or persons with disabilities. 
Our employees recognize the importance that DE&I plays in our culture. 
Our Employee Engagement Diversity Index which tracks employee 
sentiment around inclusivity, respect, and diverse perspectives achieved 
an 87% favourable score, above industry benchmark2. We also measure 
ongoing progress through DE&I metrics in our Balanced Scorecards at 
the global and functional levels.
Element is committed to diversity. We recognize and value that the 
differences our people bring to the workplace add to our strength and 
help us achieve the best outcomes for our business, our clients, and the 
communities where we live and work. 
REPRESENTATION IN OUR WORKFORCE 
Element is over 2,500 employees globally. We are proud that women 
comprise 51% of our workforce with increases in overall representation 
and our people leaders. We welcomed our female President and Chief 
Executive Officer in May 2023. 
Diversity self-identification by our employees occurs through our 
annual voluntary campaign for same, in which participation continues 
to improve, with 81% of employees participating in the U.S. and Canada 
in 2022. Employees who self-identified as Black, Indigenous, or People 
of Colour (BIPOC) comprise 21% of our people with increases across all 
levels and significant gains at the people leader level.
Our People
WOMEN
+1%
+2%
0%
2022
2021
51%
50%
PEOPLE
LEADERS
2022
2021
40%
38%
SENIOR
LEADERS
2022
2021
32%
32%
OUR PEOPLE
BIPOC1
+2%
+4%
+2%
OUR PEOPLE
PEOPLE
LEADERS
SENIOR
LEADERS
2022
2021
21%
19%
2022
2021
20%
16%
2022
2021
15%
13%
 87%
Employee Engagement Diversity 
Index score
 21%
of employees self-identify as Black, 
Indigenous, or People of Colour (BIPOC)1
1	
U.S. and Canada
2	 Qualtrics Industry Benchmark
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2023 ESG Report
Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL
SOCIAL

DIVERSE TALENT RECRUITING AND 
DEVELOPMENT 
Attracting, retaining, and promoting diverse talent is an 
important part of our talent strategy. Our partnerships with 
Disability IN: Minnesota, the Minnesota Business Coalition for 
Racial Equity, and The Human Rights Campaign help make 
us stronger through networking, effective practice sharing, 
and benchmarking. Our employees engage regularly with 
our partners. From committee work focused on retaining 
and recruiting local talent, to individual efforts developing 
and mentoring talent with our interns, we connect with the 
communities in which we live and work to further diversity and 
inclusion at Element. In Australia and New Zealand in 2022, we 
continued our Aboriginal and Torres Strait Islander job program 
in partnership with the Killara Foundation in Australia, and our 
Māori and Pacific Islander tertiary education partnership with 
the First Foundation in New Zealand.
Investing in training and advancing our people is one way 
we further a diverse and inclusive culture. We aim to grow 
diverse leadership and offer women and BIPOC employees 
differentiated professional development and leadership 
opportunities, including the McKinsey Connected Leaders 
Academies. The program spans early career, mid-career 
management, and executive levels to provide leadership skills, 
networking, and sponsorship across career stages. 
Beyond our investment in training and leadership, we remain 
accountable to driving diversity across the organization 
with monthly trend monitoring of our hires, promotions, and 
voluntary attrition for diverse groups, including women globally 
and BIPOC employees in the U.S. and Canada.
Creating an inclusive culture starts with awareness. Our people 
leaders are provided training on inclusive leadership and 
mitigating biases. Additionally, as part of our annual Element 
Foundations training, all employees are guided through 
unconscious bias coursework to further our awareness and 
inclusive practices.
19%
of all BIPOC employees have participated in the 
McKinsey Connected Leaders Academies, with 
planned cohorts going forward
21
2023 ESG Report
Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

EQUAL PAY FOR EQUAL WORK
Our compensation philosophy and principles are rooted in our 
pay-for-performance approach. For the past three years, we 
have conducted analyses with an independent external firm to 
assess differences in pay levels, adjusting for factors such as 
role, job level, and geography before year-end compensation 
decisions are finalized, and we adjust compensation as 
appropriate. Results of our latest review show that in the U.S. 
and Canada we have achieved parity for women and BIPOC 
employees compared to men and non-BIPOC colleagues. Using 
the learnings from the U.S. and Canada, we are working globally 
to close pay gaps in other regions. We will continue to conduct 
this review on an annual basis to ensure we maintain and move 
towards parity globally.
In the U.S. and Canada we have 
achieved compensation parity for 
women and BIPOC employees
This means “equal pay for equal work” and a commitment 
to ensuring fair and equitable pay at every stage of the 
compensation process, from the moment we hire to annual 
raises and promotions. Our policies and practices reinforce this 
commitment, with oversight from our Board and senior leaders.
Element pays competitively based on market rates for roles, 
experience, and performance. We regularly benchmark against 
other companies both within and outside our industry to 
ensure our pay is competitive. We have been working over the 
past few years to ensure equal pay for equal work across the 
organization. We have done this through expanding eligibility 
and harmonizing annual bonus targets, as well as through 
targeted salary adjustments to address any legacy pay gaps, 
ensuring an equitable approach for all employees. In addition, 
providing managers with transparency to pay ranges has 
ensured their ability to position pay appropriately and equitably 
for their employees. We believe our pay-for-performance 
approach, combined with our focus on a diverse workforce, 
will continue driving the advancement and representation of 
all dimensions of diversity including, but not limited to, race 
and gender.
BUSINESS RESOURCE GROUPS
Element’s nine Business Resource Groups (BRGs) are inclusive 
of Canada, Mexico and the U.S. Our BRGs foster a diverse, 
equitable, and inclusive culture by offering our employees the 
time, space, and opportunity to connect, share, and learn. Our 
BRGs hold cultural celebrations and community engagement 
activities throughout the year to help create an inclusive 
employee experience. Other BRG-hosted events, like our Role 
Preparedness Series, provide attendees with the opportunity 
to practice their professional skills and network with leaders. 
Our Business Resource Groups 
continue to grow and thrive, with 
membership increasing 55% and 
event participation increasing
96% in 2022
In Australia and New Zealand, a Reconciliation Action Plan (RAP) 
was developed to support Aboriginal and Torres Strait Islander 
people achieve equality in all aspects of life. Our Australia and 
New Zealand team is leading the region in supporting Indigenous 
peoples through launching a Reconciliation Action Plan (RAP). 
A RAP provides tangible and substantive benefits for Aboriginal 
and Torres Strait Islander peoples, increasing economic equity, 
and supporting First Nations self-determination. We align to 
regional best practices, seeking through progressing certification 
requirements from the Australian Workplace Equality Index 
(AWEI), Australia’s definitive national benchmark on LGBTQI+ 
workplace inclusion, and the Workplace Gender Equality Agency 
Employer of Choice for Gender Equality (EOCGE) citation, which 
recognises, encourages, and promotes organisations with an 
active commitment to workplace gender equality.
LOOKING FORWARD 
DE&I is a key driver for Element’s growth and success, and we 
will continue to include relevant goals in our business plans at 
a corporate and functional level. As we look forward, continuing 
to invest in our people will be a key focus: from professional 
development opportunities through leadership programs 
to awareness and education through our BRGs and learning 
resources. Additionally, we will continue to listen and gather 
employee feedback to ensure DE&I plays a key role in our culture.
Activate! Wellness
Abled & Disabled 
Empowering People 
Together (ADEPT) BRG 
Asian Employee BRG
Black Employee BRG
Communities, 
Activities, Recreation 
and Environment 
(CARE) BRG
Latin BRG
LGBTQ2+ Allies BRG 
Veterans BRG 
Women’s BRG
Business Resource Groups at Element
22
2023 ESG Report
Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

4,800+
diverse suppliers
Supplier 
Diversity
CREATE
At Element, our supplier diversity program is a cornerstone of our 
Diversity, Equity, and Inclusion strategy. We’ve built a network of more 
than 4,800 diverse suppliers1. In 2022, our diverse supplier spend was 
$1.75 billion. Continuing to grow and enhance our network is essential to 
this success. We partner with a renowned third-party verifier to support 
diversity certification and provide additional opportunities for suppliers 
to grow their businesses. 
SUPPORT 
We proudly serve as connectors, providing opportunities for clients to 
utilize new and diverse suppliers — this leadership is paramount to our 
program. In 2022, Element released our Diversity Spend Dashboard and 
a first-of-its-kind supplier locator application, which is unique to the 
fleet management industry. Our Dashboard gives our clients and their 
drivers visibility to actionable insights and easy-to-use diverse supplier 
identification in the regions where they operate, which in turn, supports 
local businesses, and drives diverse supplier spend.
PARTNER 
Supporting supplier diversity is an ongoing journey and a corporate 
focus. In 2023, we are working to expand our network in Canada and 
continuing to innovate our reporting for clients. 
Element is a proud member of the National Minority Supplier 
Development Council, the Canadian Aboriginal and Minority Supplier 
Council, the Women’s Business Enterprise National Council, and 
Disability:IN Minnesota. This year, we joined the Canadian Council for 
Aboriginal Business.
$1.75B
spent with diverse suppliers
WOMEN-OWNED BUSINESSES
In 2022, we established tracking for women-
owned businesses in our maintenance network 
in Mexico. This new program resulted in 102 
businesses being identified within our network. 
A total of 185 clients in Mexico worked with our 
network of women-owned businesses. 
1	
A diverse supplier is a business that is at least 51% owned and operated 	
	
by an individual or group that is part of a traditionally underrepresented 	
	
or underserved group.
23
2023 ESG Report
Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

Employee  
Engagement
Our people’s appreciation of their experience was well-evidenced in a 
top quartile employee engagement score, driven by our dedication to 
employee development, health and wellness, safety, and flexible work 
arrangements that match our people’s lives.
EMPLOYEE SATISFACTION AND ENGAGEMENT 
Our annual Employee Engagement Survey is an essential tool for 
understanding our employees’ experience at work. With an overall 
Employee Engagement score of 82% (up 1% from last year), and a 90% 
global participation rate, our employees have given us a clear picture 
of our strength as a company and a mandate on where to improve.
In 2023, we will introduce pulse surveys, which will help us understand the 
incremental impact of our actions. Additionally, we’ve created consistent 
processes for cascading results and tracking and communicating our 
progress throughout the year.
DEVELOPMENT 
We recognize and value the expertise, skills, and talent that our employees 
bring to the workplace, knowing they lead to the best outcomes for 
our people, clients, suppliers, and partners. Talent development and 
career growth remain our top priority; we work to build and retain a 
high-performing and engaged workforce to successfully deliver on 
our objectives.
Element provides many resources and activities to give our 
people the opportunity to develop, both professionally and 
personally, including, but not limited to:
	• On-the-job experiences, skill, and career
development plans
	• Formal learning through our online platform
	• Free voluntary English classes for all employees
in Mexico, supporting participants’ English proficiency
	• In 2022, we launched Opportunities Marketplace,
an experiential learning program that provides
our employees a place to seek out leadership roles 
within our BRGs, Six Sigma certifications,
and mentorship connections
100% of employees completed 
DE&I, Client Experience, 
Compliance, and Safety and 
Ethics learning programs
Element’s leadership development efforts aim to identify 
skill strengths and gaps, reduce turnover, develop talent, 
bring awareness to biases, and identify future leaders. We 
have implemented programs that accelerate manager 
effectiveness and enable a pipeline of high-performing 
and high-potential talent. These programs include formal 
development planning, sponsorship and advocacy, skill 
development, leadership capability learning sessions, and 
more. 
HEALTH AND WELLNESS
Element fosters a holistic culture of well-being by 
supporting three dimensions of wellness: physical wellness, 
emotional wellness, and financial wellness. This holistic 
model demonstrates Element’s commitment to helping 
our people feel valued and supported, both personally 
and professionally. We received an 80% Well-Being Index 
score on Element’s Employee Engagement survey; this 
index focuses on work-life balance, employee well-being, 
and workload. Our wellness approach creates an engaged, 
resilient workforce that is more creative, productive, and 
invested in organizational success. 
Physical
To promote physical health we offer medical coverage, 
telehealth, health coaching programs, disease 
management programs, and rewards programs that 
encourage routine wellness testing and healthy habits.
Emotional
Element supports our people’s emotional well-being 
through mental health resources, including counselling 
and family support, company-wide days off, an annual 
winter break to extend holidays in all geographies.
Financial
Element’s Total Rewards program offers resources for 
financial wellness such as personal finance information 
and webinars.
82%
Employee Engagement score
24
2023 ESG Report
Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

EMPLOYEE WELLNESS PROGRAMS 
We have several employee support programs, such as our 
Employee Assistance Program (EAP), Eldercare, and Parenting 
resources. Full-time Element employees with 12 months of 
continuous service are eligible for Paid Parental Leave (PPL) 
following the birth of a child or placement of a child with them 
for adoption. 
Reproductive Healthcare
The health benefits we make available to our people are in 
support of the philosophy that decisions on healthcare — and 
equal access to that care — is a personal right that should 
be afforded to all of our people. With that in mind, we are 
fundamentally committed to providing a variety of resources 
to help our employees and their families care for their total well-
being, which includes access to all reproductive healthcare.
EMPLOYEE HEALTH AND SAFETY
The health and safety of our employees, suppliers, and clients 
is critical to Element. We are committed to making the work 
environment safe, secure, and healthy — and we hold each other 
accountable for promoting a positive working environment for 
all. Element complies with all applicable laws and regulations 
related to safety and health in the workplace. We expect each 
employee to promote a positive working environment for all. 
Element’s Employee Environment, Health, and Safety Program 
outlines our expectations and practices regarding workplace 
conduct and safety. Element conducts mandatory annual 
training to ensure all employees are compliant with our core 
business practices and standards. This training varies by region 
and covers Workplace Health and Safety, Anti-Harassment, 
Workplace Violence, Safe IT and Data Practices, Unconscious 
Bias, and other core policies. Training is monitored to ensure 
100% employee completion. 
RETURN TO OFFICE
Throughout the COVID-19 pandemic, we made the safety of 
our people our top priority. With 95% of our people working 
remotely through 2020 and 2021, we began voluntary return 
to office pilots with an official return for our hybrid employees 
in May 2022. Since then, many of our people are enjoying a 
‘Collaborative Hybrid’ work environment enabling in-person 
connection and collaboration, while still allowing for flexibility.
Flexible Work Arrangements 
Element offers flexible work arrangements to promote flexibility, 
productivity, and well-being. Such arrangements may be short-
term or longer term in nature, depending on business role and 
needs:
	• Collaborative Hybrid 
	• Flexible work schedules
	• Remote work and/or telecommuting
Our Flexibility within a Framework is grounded in our Ways of 
Working (WOWs) and the guiding principles of productivity, 
flexibility, and employee well-being. Element’s expectations 
are that our people will fulfill business obligations while taking 
the time off they need.
Work Norms
	• FOCUS DAYS Monday and Friday provide time to prepare 
for or wrap up the week, avoiding recurring meetings and 
scheduling time for focus. These transition days provide 
time to complete outstanding tasks, make a workplan for 
the upcoming week, and focus on development and learning.
	• COLLABORATION DAYS Tuesday to Thursday are used 
for regular meetings and time to collaborate with others 
throughout the business. 
LOOKING FORWARD
In 2023, we will continue to enhance the employee experience 
through employee listening programs, career conversations, 
and flexibility to foster work-life integration.
25
2023 ESG Report
Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

HOW WE ADDRESS DRIVER SAFETY
Our products and services help clients assess driver risk 
and take steps to remediate it. 
Our DRIVERCARE RISK MANAGER® solution is a portal that 
integrates relevant streams of data to assess driver risk level. 
The platform then provides online training and a structured 
driver coaching program that help drivers learn better ways 
of driving and prepare them for safely handling dangers on 
the road. The platform is customizable to support each client’s 
unique goals for improving fleet driver safety. DRIVERCARE 
CONNECT® is the connected version of this solution and 
integrates driver behaviour to deliver even greater results 
through proactive coaching. DRIVERCARE COPILOT® is the 
latest version of this solution, enabling fleets to include the 
software on a mobile device, capturing additional safety data 
points. We also offer DRIVERCARE COPILOT® to all Element 
employees and family members in the U.S. and Canada 
at no charge.
	• CONNECTED DRIVER BEHAVIOUR innovations directly 
engage employees and client drivers and help them gain 
awareness of their performance behind the wheel. Drivers 
can view their own driving behavioural trends to self-
manage improvement. 
	• Element’s FLEET SAFETY CONSULTING team analyzes collision 
and risk data to make improvement recommendations 
specific to each client. We assist them in making data-
driven decisions to improve fleet driver safety.
	• In addition to safety training that addresses technical 
driving skills, Element offers DRIVER WELL-BEING 
resources for all client drivers and employees to help 
them be mentally, emotionally, and physically prepared 
to drive safely.
Driver Safety 
Driver safety is a priority at Element — for the health and welfare of 
our employees and our clients’ drivers, as well as the safety of the 
communities where we operate. Our approach focuses on developing 
and delivering technology solutions, products, and services that improve 
driver safety, and increasing the adoption of these tools. Our goal is to 
reduce accidents and collision severity.
Our suite of fleet driver safety 
products and services make a 
difference—reducing preventable 
collisions by 21% (average) over 
three year.
26
2023 ESG Report
Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

Element offers the DRIVERCARE CONNECT® product 
for drivers with traditional in-vehicle telematics 
devices. We launched the new product in the fourth 
quarter of 2021, and currently have 33% of eligible 
drivers enrolled in the service.
Our DRIVERCARE COPILOT® product can be used 
by a driver by simply downloading an app to their 
smartphone. This product was also launched in 
the fourth quarter of 2021 and immediately had 
an impact on identifying hidden risks in client 
fleets. Both DriverCare Connect and DriverCare 
CoPilot also provide clients with an objective 
basis for recognizing good drivers and encourage 
competitions between drivers and teams to 
promote safe driving behaviours. 
DRIVECARE COPILOT IN ACTION
One of our fleets employing DriverCare CoPilot found that drivers 
who had previously been ranked in the lowest risk category using 
only collision and motor vehicle record data were displaying 
high risk behaviours behind the wheel. This enabled proactive 
remediation of risk for any driver who exhibited these behaviours. 
Another feature of DriverCare CoPilot is its ability to detect phone 
distractions when the vehicle is in motion. Though our client had 
a zero-tolerance policy for use of electronic devices while driving, 
11% of their drivers were shown to be in violation of this policy. 
Reinforcement of these policies and coaching helped 75% of these 
drivers become compliant.
Research indicates that regular use of DriverCare CoPilot can 
decrease accident rates by as much as 29% per million miles 
driven. Clients on Element’s Safety Program had approximately six 
fewer incidents per million miles driven in 2022, resulting in 11,482 
accidents avoided and $57M in repair spend avoided.
LOOKING FORWARD 
Throughout 2023, as more fleets enroll in our leading-edge 
safety products, we look to harmonize our data and unearth 
trends in collision reductions. This increased visibility to 
proactive risk management data will provide the opportunity 
to further analyze the relationship between driving behaviours 
and collision risk. 
Our product roadmap for DriverCare Connect and DriverCare 
CoPilot focuses on incremental improvements on these 
products and new features, including further reducing collision 
rates and related costs, as well as using idle time data to 
quantify the impact that driving behaviours have on fuel usage 
and emission. 
LEADING-EDGE SAFETY PRODUCTS
Driver risk management has typically been reactionary 
with remediation of risk after a collision or driving infraction 
conviction has occurred. Element’s innovations in Connected 
Driver Behaviour leverage active driving behaviour data, 
collected from both in-vehicle telematics devices and a mobile 
telematics application available through a smartphone, to shift 
driver risk management from reactive remediation to proactive 
prevention. By blending telematics data into risk scoring and 
assessments, our model now includes leading indicators for 
crash risk, enabling clients to be proactive with risk remediation 
and avoid collisions.
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Diversity, Equity, and 
Inclusion
Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
SOCIAL
GOVERNANCE
THE ROAD AHEAD
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

Community 
Involvement
Our Corporate Social Responsibility Policy 
reflects our commitment to giving back and 
creating positive impact in the communities 
where we live and work through corporate 
financial donations and employee 
volunteerism, including a paid volunteer 
day. At Element, we centre our community 
engagement and corporate giving efforts on 
programs that increase equity in education, 
encourage environmental innovation, and 
provide emergency response.
EDUCATION
Education is a key focus for us in supporting the future of our communities. 
We support programs that advance access to education for historically 
underrepresented groups through scholarships, donations, volunteerism, 
and local community engagement programs that enable opportunity 
and access for diverse students.
We partnered with UNCF to provide 
annual scholarships and increased our 
support to include five scholars for the 
2022-2023 school year. 
We also grew our partnership with longtime 
community partner, Reading Partners. A U.S.-based 
national non-profit, the organization mobilizes 
communities to provide students with the proven, 
individualized reading support they need. In addition 
to our annual book drive, we began funding local 
events, including tutoring and book fairs. 
In 2022, we began partnering with Chapter One, a 
non-profit with programming in the U.S., Canada, 
and the U.K., with the mission of advancing childhood 
literacy. In addition to our employee 1:1 tutor 
volunteers, Element’s donation helps Chapter One 
to provide staffing and resources for two classrooms 
in Canada.
In New Zealand, we continued a partnership with 
the First Foundation who provide targeted financial 
and mentoring support to give talented youth from 
underprivileged, low socio-economic backgrounds 
the opportunity to get ahead. Our funding supports 
the completion of a candidate’s full university degree, 
and work experience in our workplace.
In Mexico, we support Casa Hogar Alegría, a non-
profit that transforms the lives of girls that lack 
family care by providing them with food, housing, 
and integral education so they can become 
independent women. Our donations have supported 
a new house in Guadalajra serving 72 girls, 
providing accommodations and critical supplies 
from bedding to food to first aid. Our financial 
support also supported day-to-day operations and 
increased staffing. 
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Employee Engagement
Driver Safety
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INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

ENVIRONMENT
Element supports sustainability in our communities through 
partnerships that create a positive impact on the environment. 
In Mexico, our employees kicked off an annual reforestation 
event with a non-governmental organization, Naturalia. Over 
95 employees and their family members planted 1,000 trees in 
Sierra de Guadalupe, volunteering 285 hours. 
In partnership with Clean up Australia and Keep New Zealand 
Beautiful, 35 members of our Custom Fleet team spent 98 hours 
volunteering to clean up local communities. 
As the environment is a new global focus area for us, we are 
seeking partners for future philanthropic donations and giving 
of our time.
EMERGENCY RESPONSE
When our people or clients are impacted by a natural disaster, 
we do what we can to help, from activating communications 
on updated routes and where to get fuel for drivers to providing 
financial support for disaster response. In 2022, we donated to 
organizations including, but not limited to, the Canadian Red 
Cross, the American Red Cross, and TECHO in Mexico to help 
communities impacted by earthquakes, hurricanes, and floods.
Element Mexico works with TECHO, the largest housing 
organization in Latin America. TECHO works to eradicate poverty 
by building new homes with access to potable water, sewage 
systems, electricity, and reduce the housing deficit caused by 
poverty and natural disasters.
SUPPORTING OUR LOCAL COMMUNITIES
Element seeks to build strong communities and make a 
positive difference where we live and work. Across our global 
footprint, we provide financial support to create impact through 
partnerships with local non-profits.
We’ve supported The Lift Garage, a Minnesota-based non-
profit auto repair service, for those that meet the U.S. Federal 
poverty guideline, for over five years. As a fleet management 
company, we believe in The Lift Garage’s mission that car repair 
is a vehicle for repairing lives. In addition to donating funds, 
Element provided 300 winter safety kits to the Lift Garage to 
distribute to guests requiring car repairs. 
We are proud to have fulfilled two philanthropic 
commitments in 2022:
	• A $15 million, eight-year pledge, to contribute to building 
the Peter Gilgan Patient Care Tower at St. Michael’s 
Hospital in Toronto. Element’s logo is now on display in 
the atrium; in addition, “Element Way” will be the main 
throughfare through the hospital from the Bond Wing to 
the Peter Gilgan Tower, which is expected to be completed 
in 2025. 
	• A $1 million, eight-year pledge, to the Sinai Health
Foundation in support of patient care and research needs.
ELEMENT EMPLOYEES GIVE BACK
At Element, we take pride in encouraging our employees to 
volunteer in their local communities. With our volunteerism 
policy, our employees can take a paid day off to volunteer for 
organizations they care about. 
In 2022, OUR EMPLOYEES’ VOLUNTEER HOURS TRIPLED year-
over-year. Additionally, each of our BRGs receives philanthropic 
dollars to distribute to local community organizations for which 
they support and volunteer. In recent years, as part of our season 
of giving campaigns, our BRGs have supported over 20 local 
community charities.
Through our Veterans BRG, our employees provided food service 
to homeless veterans at The Baltimore Station in Baltimore, MD 
and were honored with a Baltimore Station Community Partner 
Award for support and generosity to the organization. 
LOOKING FORWARD
Giving our time to the community will continue to grow and 
evolve as we identify additional non-profit and environmental 
partnerships and enhance our work with current partners.
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Supplier Diversity
Employee Engagement
Driver Safety
Community 
Involvement
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INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL

Governance
Strong governance continues to be a priority for Element. 
We are committed to accountability, transparency, and 
integrity. 
GOVERNANCE
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL
SOCIAL
THE ROAD AHEAD
INDICES

BOARD OF DIRECTORS 
The Chair of our Board, David Denison, has extensive experience 
both as an executive and a director with a number of 
organizations, including some of North America’s largest and 
most respected organizations, and previously served as Chair 
of the Canadian Coalition for Good Governance. His experience 
establishes a strong foundation that extends to the rest of 
Element’s Directors. 
Our board is comprised of individuals from a variety of 
backgrounds and with diverse perspectives, which fosters 
better decision-making and promotes improved corporate 
governance. The Board has made the identification of diverse 
candidates a key search criterion in the director selection and 
nomination process.
INVESTOR DAY AT ELEMENT
Element’s inaugural Investor Day in November 2022 drew over 
250 attendees, including investors and analysts, to hear first-
hand from our leadership teams about Element’s business 
model and growth strategy. A focus at Investor Day was 
placed on ESG and Electric Vehicles, highlighting the gradual 
electrification of automotive fleets over the next decade. 
SHAREHOLDER ENGAGEMENT
Element has an engaged and supportive shareholder base. At 
Element’s 2022 Annual Meeting, shareholders voted with:


99%
approval for every director 
on our Board
96%
approval for Element’s Say 
on Pay resolution

The overwhelming support for Element’s Say on Pay resolution 
reflects our commitment to sensible executive compensation 
practices, including a compensation program that promotes 
close alignment between compensation and shareholder 
returns.
The Board has no director entrenchment and 
continuously brings in new perspectives with 
new directors joining the Board in four of the 
last five years
Eight out of nine 
directors are 
independent, with 
the CEO as the only 
non-independent 
director
88%
Four out of nine 
directors are 
female
44%
Two out of nine 
directors are 
diverse, including 
one that is a person 
with a disability 
22%
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ETHICS AND COMPLIANCE
Maintaining integrity in all we do is essential to building trusting 
relationships with all stakeholders. Element is committed to 
ethical conduct and has implemented comprehensive policies, 
training, and monitoring to ensure compliance with these 
standards. Our Code of Conduct and Ethics (Code of Conduct), 
which is approved by Element’s Board, outlines Element’s 
expectations, and sets out our policies on topics including 
conflicts of interest, confidentiality, competition, health and 
safety, and the prohibition of harassment and discrimination. 
The Code of Conduct encourages employees to raise concerns, 
without fear of retaliation, and includes a confidential reporting 
process and anonymous helpline. We strongly encourage 
employees to discuss concerns or seek clarification on ethics 
and compliance policies, laws, and regulations, and to do so 
anonymously if they so choose.
Element’s Board also reviews and approves Element’s Anti-
Corruption Policy, which sets out detailed rules for engaging with 
clients and suppliers, including government entities. In addition, 
Element’s Credit Policy has Know-Your-Client obligations to help 
prevent money-laundering. Element conducts due diligence at 
the time of vendor onboarding and, in the U.S., a daily update is 
provided via LexisNexis to ensure funds are not sent to entities 
that may appear on any government watch list.   
Employees are required to review and certify their adherence 
to our core policies on an annual basis including: 
	• Anti-Corruption Policy
	• Code of Conduct
	• Data Protection Policy
	• Disclosure Policy
	• Insider Trading Policy
	• Whistleblowing Policy
In 2022, Element established a Compliance Council to monitor 
and ensure all our policies are up-to-date, effective, and in 
compliance with applicable laws. We also advanced our Risk 
Council to identify, assess, and mitigate the risks that Element 
faces as an organization. The Compliance Council is comprised 
of stakeholders from all aspects of the business including policy 
owners, functional leads, executive leaders, legal, and internal 
audit. Meetings are held quarterly, or as needed, and provide a 
forum to address concerns, share updates, and track progress. 
Element’s Board has direct oversight over our compliance 
program. We provide a quarterly report to the Audit Committee 
on any concerns raised related to the Code of Conduct or 
Whistleblowing Policy. We will continue to place significant 
emphasis on maintaining transparency within our organization, 
built on strong ethics and integrity.
HUMAN RIGHTS
We continue to advance our Human Rights Policy, which 
outlines Element’s principles in respect of human rights, 
including prohibitions against child labour, forced labour, 
and discrimination. Element conforms to the United Nations 
Declaration of Human Rights and is committed to a safe working 
environment and the freedom of association of its employees. 
Element is committed to respecting human rights, not infringing 
on the rights of others and addressing any risk(s) or instance(s) 
of modern slavery within our operations and supply chain, 
acting in accordance with all federal, state and provincial 
legislation. 
VENDOR CODE OF CONDUCT
We also seek to ensure that our vendors and suppliers live up 
to our high standards for ethical conduct, which are outlined 
in Element’s Vendor Code of Conduct.
Our Vendor Code of Conduct outlines the expectation that 
our vendors are responsible stewards of the environment, 
including the implementation of environmental controls in 
their operations. In addition, we expect vendors to share 
our commitment to human rights and implement practices 
that reflect respect for human rights and conform with the 
International Labour Organization (ILO) standards appropriate 
to the location and context in which their activities take place. 
This includes, but is not limited to:
	• Prohibition of child labour, human trafficking, and slavery
	• Commitment to freedom of association and fair and livable 
working conditions, including working hours and living wages
	• Actions to ensure anti-discrimination and anti-harassment
We expect our suppliers to adhere to our Vendor Code of 
Conduct. In addition, we conduct assessments of our suppliers, 
which includes both virtual and on-site inspections.
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RISK MANAGEMENT
Element has risk management processes in place to monitor, 
evaluate, and manage the principal risks it assumes in 
conducting its business activities. One of the key risk mitigation 
activities is the Enterprise Composite Risk Index (ECRI) which is 
comprised of six indices: 
	• Revenue
	• Credit and Collections
	• Treasury
	• Operations
	• Information Technology
	• People 
The organization’s ability to effectively manage these risks 
has matured through increased awareness and monitoring. 
Our cross-functional Enterprise Risk Council, led by our Chief 
Financial Officer, was created to drive risk awareness deeper 
into the organization. The Risk Council identifies and monitors 
major risks that require attention across the organization. 
Council members include all Executive Vice Presidents, as well 
as delegates from key functional areas and provides quarterly 
reports to the Credit and Risk (C&R) Committee of the Board 
of Directors. The C&R Committee is currently comprised of 
four independent directors, including a chairperson. To learn 
more about Element’s risk management process, see Element’s 
annual management circular.
BUSINESS CONTINUITY
Element’s Business Continuity Plan (BCP) focuses on providing 
continuity of a consistent, superior client experience for our 
clients and drivers, and the best possible support for our 
employees, suppliers, and investors. The BCP is designed to 
minimize impact to our clients — and their clients — who rely on 
Element products and services by providing a comprehensive 
written plan for use during a business disruption event.
Our BCP provides guidance and resources for managing, 
coordinating, and communicating during short or long-term 
events which may impact Element’s normal operations, 
products, and services, including loss of utility services, 
connectivity interruptions, catastrophic events (weather, natural 
disaster, building damage), pandemics, and data centre or 
significant IT application outages.   
BCP teams are designated for each type of event to execute the 
plans, and during a business disruptive event, the teams are 
prepared to support BCP efforts across impacted site locations, 
as well as across departments as needed, including support 
for our clients and drivers. In addition, the BCP team ensures 
communication and training to relevant stakeholders.
DATA SECURITY
Data governance and information security is a critical 
component of any business, especially in the current digital 
environment. Element places significant emphasis on its data 
management and information security. As part of Element’s 
approach to enterprise risk management, both the executive 
management team and the Board of Directors, through its 
Credit and Risk Committee, provide oversight of Element’s 
information security and data governance. The Credit and Risk 
Committee receives quarterly risk assessments from executive 
management, including risks related to information security, 
and efforts to mitigate ongoing threats.
Element’s legal team, in consultation with external experts, has 
developed and implemented data governance and protection 
policies to ensure that Element is meeting its data protection 
and data security obligations. We leverage Managed Security 
Services in a 24x365 operating model for continuous security 
monitoring of Element’s systems and applications for threat 
detection and response to security events and incidents. In 
addition, Element’s IT team works extensively to protect and 
monitor our systems to detect vulnerabilities, prevent data 
breaches, and respond quickly in the event any system 
anomalies are detected.
All Element employees are required to complete information 
security training to defend against phishing, social engineering, 
data protection, and other types of malicious activity. Element 
conducts regular enterprise phishing simulations as training 
exercises. To date, Element has not experienced any material 
data breaches and no personally identifiable information for 
any individual has been compromised. Element will continue to 
focus on data security and will engage both legal and technical 
experts, as necessary, to maintain strong data governance 
and security.
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The Road 
Ahead
SUSTAINABILITY
We have identified four areas for continued focus as we work to 
unlock opportunities to innovate and drive future advancements in 
sustainability:
1. Client Enablement
Element continues to evolve the way we enable fleet electrification. 
We continue to learn from our deployments, build better analytical 
tools, and develop pilot options including micro and rental to meet 
clients where they are, and build processes to effect change within 
client organizations.
2. Infrastructure
We will continue to expand our charging capabilities and options across 
hardware, software, and services partnerships. For our distributed fleets, 
we are continuing to scale our home installation services and expand 
our public charging solution coverage. For depot fleets we are exploring 
build-to-own and shared depot models, as well as financing options to 
lower upfront capital expenditure requirements.
3. Data
We are leveraging vehicle data to improve planning decisions and 
operations including energy management, vehicle performance, and 
vehicle durability.
4. Partnerships
Fleet electrification is still in its early stages, and we see opportunities 
to form new partnerships with industry leaders and clients that have 
strategic business objectives in the electrification space.
DRIVING FORWARD TOGETHER
Our ESG team works collaboratively across our business 
to drive awareness so that each of our people can have 
an impact from guiding clients as they transition to EVs, to 
hiring and developing diverse talent, to volunteering in our 
local communities.
Building on our Sustainability Accounting Standards Board 
disclosure, Element recognizes the importance of adhering 
to standardized reporting frameworks. In 2023 we intend 
to work towards Task Force on Climate-related Financial 
Disclosures alignment and further our understanding 
of climate-related risks and opportunities. Using the 
knowledge gained from our greenhouse gas inventory 
process we will begin scenario planning to inform the 
establishment of emission reduction targets. 
Join us on the journey. 
For Element ESG news and updates visit: 
elementfleet.com/about-us/esg
THE ROAD AHEAD
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SOCIAL
GOVERNANCE
INDICES

Indices
INDICES
INTRODUCTION
ESG AT ELEMENT
ENVIRONMENTAL
SOCIAL
GOVERNANCE
THE ROAD AHEAD
GHG Index
SASB Index
UN SDG Index

GHG Index
20227
20216,7,8
20197
Scope 1: Direct – MTCO2e5
 
 
Scope 1 
950
960
2,005
Subtotal
950
960
2,005
Scope 2: Indirect - MTCO2e
Market-based
2,277
2,316
5,211
Location-based 
2,454
2,258
4,897
Subtotal
2,277
2,316
5,211
Scope 3: Other Upstream Indirect - MTCO2e
Purchased goods and services
15,137
12,224
16,238
Capital goods
1,793,304
1,382,744
1,646,134
Fuel- and energy-related activities
1,150
1,091
1,592
Upstream transportation and distribution
12,4489
60,118
90,607
Waste generated in operations
438
505
933
Business travel
796
140
934
Employee commuting (including teleworking)
2,252
1,594
682
Subtotal
1,825,525
1,458,416
1,757,120
Grand Total (Scope 1+2+3 Upstream) MTCO2e
1,828,752
1,461,692
1,764,336
1  Scope 1: Emissions from sources owned or controlled by the reporting company.
2	 Scope 2: Emissions due to activities of the reporting company but occur at sources owned or controlled 
	
by another company. 
3	 Scope 3: Emissions due to activities from assets not owned or controlled by the reporting organization, 
	
but the organization indirectly impacts in its value chain. 
4	 Element’s greenhouse gas footprint is prepared in accordance with the GHG Protocol Corporate 
	
Accounting and Reporting Standard, GHG Protocol Scope 2 Guidance, GHG Protocol Corporate Value  
	
Chain (Scope 3) Accounting and Reporting Standard, and GHG Protocol Technical Guidance for 
	
Calculating Scope 3 Emissions
Direct (Scope 11), Indirect (Scope 22) and other Indirect (Scope 33) Upstream GHG emissions4:
Values rounded to the nearest whole number
5	 MTCO2e – Metric Tonnes Carbon Dioxide equivalent
6	 Inaugural GHG inventory conducted in early 2022 for baseline year (2019) and most recent year (2021)
7	 2019, 2021 and 2022, Scope 1, 2 and upstream scope 3 emissions were assured to a limited extent by EY
8	 Reduction in 2021 emissions a result of macroeconomic factors influencing Element’s operating environment
9	 2022 value calculated in partnership with suppliers, please refer to Table 3 on page 40
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1	
WRI/WBCSD GHG Protocol Corporate Standard: https://ghgprotocol.org/corporate-standard
2	 Sixth Assessment Report — IPCC
ORGANIZATIONAL BOUNDARIES – 
OPERATIONAL CONTROL
Element defines its organizational boundaries for corporate 
reporting of consolidated GHG emissions according to 
the Operational Control Approach.1 Under this approach, 
Element will account for 100 percent of the GHG emissions for 
operations over which it has operational control. This approach 
was chosen to align with our goal to reduce GHG emissions 
across all our facilities. 
BASE YEAR - 2019
The fiscal year ending in 2019 is the base year for Element’s 
greenhouse gas inventory (Scopes 1, 2 and 3). This year was 
chosen as the most recent operating year not influenced by 
extraordinary macroeconomic factors. Both Market-based and 
Location-based Scope 2 methodologies were used to calculate 
the base year emissions and the reported years thereafter. 
Element intends to set Scope 1, 2 and 3 reduction targets with 
Scope 2 targets adhering to the Market-based approach.
Adjustments to Base Year Emissions –
Structural & Methodology Changes
Structural changes, methodology changes and/or discovery 
of significant errors can necessitate a recalculation of the 
base year emissions inventory. Structural changes include 
mergers, acquisitions, and divestments of operations or 
facilities, and/or outsourcing or insourcing of GHG emitting 
activities. Methodology changes include changes in activity 
data accuracy, changes in emission factors, and/or changes 
in the methodology used to calculate GHG emissions. In cases 
where changes are made, these changes will be made to 
all reported years in a given report so that all emissions are 
reported using the same basis for all years.
Element defines a “Significance Threshold” requiring a change 
in the base year emissions as a significant structural or 
methodology change or discovery of error(s) resulting in at 
least a 5% change in Scope 1, 2 or Scope 3 corporate-wide 
GHG emissions over or under the emissions that would result 
if a correction is not made. ESG Leadership will evaluate the 
Significant Thresholds on an annual basis and may make 
adjustments to the thresholds as deemed appropriate.
EMISSIONS QUANTIFICATION METHODS
Element’s GHG emissions are quantified using emission 
factors from the WRI/WBCSD GHG Protocol, the Environmental 
Protection Agency (EPA), the (UK) Government, the International 
Energy Agency (IEA), and other credible and public sources, 
as outlined in Table 1. Where sources have updated factors by 
year, appropriate factors were used for each inventory year.
The emission factors applied in the calculations to quantify 
direct and indirect emissions as well as the calculation and 
estimation methodology is listed in Table 1. IPCC Assessment 
Report 6 was used for all Global Warming Potentials (GWPs) 
when converting gases to carbon dioxide equivalent (CO2e).2 
GHG Protocol 
Corporate Standard
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TABLE 1: ELEMENT’S EMISSIONS FACTORS AND METHODOLOGIES FOR EMISSIONS QUANTIFICATION
Emissions
Scope 1
Relevant Emission Factors (EFs)
Calculation & Estimation Methodology
Facility Heating via 
natural gas
Appropriate emission factor for Natural Gas from US EPA3
When utility data is not directly available (for example because utilities are included in the rent), Element estimated 
natural gas consumption by multiplying the square footage of the facility by the average natural gas intensity 
(MMBTU/sqft/year) applicable for the climate region from the US EIA Commercial Buildings Energy Consumption 
Survey data4. For facilities outside of the US, Element made an assumption of the most applicable climate region.
Facility Cooling 
– refrigerant 
leakages
US EPA Climate Leaders’ Direct HFC and PFC Emissions from Use of 
Refrigeration and Air Conditioning Equipment5
Estimated for all facilities based on their square footage using available industry averages for amount of refrigerant 
used and leaked in office buildings6.
Transportation 
of materials, 
products, waste, 
and employees
Appropriate emission factor for diesel and/or gasoline from DEFRA 
20227, 20217, and 20197
Calculated emissions from fuel consumption data for each vehicle in Element’s private fleet. Where fuel consumption 
data was not readily available, it was estimated using spend on fuel and the average price of fuel. For vehicles that 
are used for both personal and business purposes, an estimate of the proportion used for business purposes was 
made using internal data reported by employees.
Scope 2
Relevant Emission Factors (EFs)
Calculation & Estimation Methodology
Electricity
Location-based: Appropriate emission factors associated with the 
electric grid sub-region defined by eGRID8  for the USA, by the National 
Inventory Report of Greenhouse Gas Sources and Sinks for Canada9, 
and IEA for other countries10. Market-based: Green-e® Residual Mix 
Emissions Rates11 for the USA, and other countries used location-
based emission factors where residual mix emission factors were not 
available.
When utility data is not directly available (for example because utilities are included in the rent), Element estimated 
Electricity consumption by multiplying the square footage of the facility by the average Electricity intensity (kwh/sqft/
year) applicable for the climate region from the US EIA Commercial Buildings Energy Consumption Survey data. For 
facilities outside of the US, Element made an assumption of the most applicable climate region.
Scope 3
Relevant Emission Factors (EFs)
Calculation & Estimation Methodology
Cat. 1 – 
Purchased goods 
and services 
EEIO spend-based emission factors for indirect emission from supply 
chains, which have been adjusted each year for an estimate of 
inflation12. 
Estimated by multiplying the spend on goods and services purchased by either vendor-specific emission factors or 
EEIO spend-based emission factors. Vendor-specific emission factors were determined using CDP data on scope 1-3 
emissions and annual revenue, where available and complete. If CDP data did not include all relevant and material 
upstream scope 3 categories, it was not considered complete, and EEIO spend-based emission factors were used 
instead, based on the applicable commodity type.
Cat. 2 – 
Capital goods
EEIO spend-based emission factors for indirect emission from supply 
chains, which have been adjusted each year for an estimate of 
inflation12.
Same calculation methodology as Cat. 1
Cat. 3 –
Fuel- and energy- 
related activities
Electricity regions were assigned to each facility based on location, and 
in line with those used for Scope 2 calculations. Where region specific 
data was unavailable, country-specific emission factors were used. For 
fuel usage including natural gas, diesel, gasoline, and propane, Well-
to-Tank (WTT) emission factors from DEFRA 20227, 20217, and 20197 were 
applied based on usage.
Well-to-tank Efs from DEFRA and average grid loss factors on specific energy consumption from 
Scope 1 & 2
Cat. 4 – 
Upstream 
transportation and 
distribution
EEIO Supply Chain Greenhouse Gas spend-based emission factors12 
were applied to spend data, while DEFRA emission factors7 were 
applied based on direct activity data. EPA emission factors3 for the U.S. 
used in 2022.
Mileage data or fuel consumption data for specific vendors was used where readily available and multiplied by 
applicable emission factors. Where such data was not readily available, emissions were estimated by multiplying the 
spend on transportation services by EEIO spend-based emission factors.
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Cat. 5 – Waste 
generated in 
operations
EPA emission factors12 from 2022, 2021, and 2019 for Waste Generated 
in Operations; applied based on type of waste and appropriate waste 
stream. EEIO emission factors for waste-related spend12
The weight of waste directly from vendor data was used where readily available and multiplied by emission factors 
based on the type of waste and waste disposal method. Where such data was not readily available, but spend data 
was readily available, emissions were estimated by multiplying the spend on waste removal services by EEIO spend-
based emission factors. Where waste weight data or waste spend data was not readily available, a custom approach 
was developed to estimate waste. Specifically, waste was either estimated by multiplying the square footage of the 
facility by a waste intensity metric from a comparable facility, or waste was estimated by multiplying the number of 
employees at the facility by an estimate of the per capita daily waste generation for the applicable country (Statista, 
201814).
Cat. 6 – Business 
travel
DEFRA emission factors from 20227, 20217, and 20197 Flights, Hotel stay, 
Car rental, taxi 
For flights, mileage data for each flight was used where readily available and multiplied by haul-specific and class-
specific emission factors. Where mileage data was not readily available, it was estimated using spend on flights and 
the average price and length of domestic flights. For hotel stays, the number of hotel nights for each business trip was 
used where readily available and multiplied by a country specific emission factor. Where the number of hotel nights 
was not readily available, it was estimated using spend on hotels and the average price of hotel nights. All spend 
associated with business travel for car rental, taxis or other ground transportation was used to attain an estimate of 
average mileage per dollar spent to multiply by an associated emission factor for the method of travel.
Cat. 7 – Employee 
commuting
Appropriate electricity emission factors associated with the electric 
grid sub-region defined by eGRID8 for the USA, and IEA for other 
countries10. US EPA Natural Gas emission factor3 DEFRA employee 
commuting emission factors for 20197, 20217, and 20227 .
Estimated based on number of employees at each of Element’s facilities, hybrid work policies and attendance 
data derived from facilities security badge data systems. For employees who commute, city-level estimations on 
commuting mode and distance traveled were used for each site. Specifically, for employees located within the U.S., 
US census data13 was used for commuting mode statistics. For other employee locations, country and city specific 
commuting mode statistics were used. An emission factor for each commuting mode was then used to calculate 
emissions. For remote employees, incremental consumption as a result of working from home was estimated using 
regional energy intensity for both natural gas (MMBTU/person/day) and electricity (kWh/person/day) usage and then 
multiplied by the applicable emission factor.
Cat. 8 – Upstream 
leased assets
Not Relevant, Element does not lease any assets other than our offices, 
included within our Scope 1 and 2 emissions
Cat. 9 – 
Downstream 
transportation and 
distribution
Not Relevant, Downstream transportation emissions determined to be 
immaterial with majority falling under category 4
Cat. 10 – Processing 
of sold products
Not Relevant, Element does not sell products that require 
further refinement
Cat. 11 – Use of sold 
products
Relevant, additional analysis is being conducted on this category with 
the intent to publicly disclose in a future year
Cat. 12 – End-of-life 
treatment of sold 
products
Relevant, additional analysis is being conducted on this category with 
the intent to publicly disclose in a future year
Cat. 13 – 
Downstream leased 
assets
Relevant, additional analysis is being conducted on this category with 
the intent to publicly disclose in a future year
Cat. 14 – Franchises
Not relevant, Element does not operate franchises.
Cat. 15 – 
Investments
Not Relevant, Investments determined to make an immaterial portion 
of emissions, with asset investment via leases determined to fall under 
category 13
3	 GHG Emission Factors Hub | US EPA
4	 Energy Information Administration (EIA)- Commercial Buildings Energy Consumption Survey (CBECS) Data
5	 Direct HFC and PFC Emissions from Use of Refrigeration and Air Conditioning Equipment | NEPIS | US EPA
6	 HVAC Systems Design Handbook. Fifth Edition, Table 4.1, 2010
7	 Greenhouse gas reporting: conversion factors - GOV.UK (www.gov.uk)
8	 Emissions & Generation Resource Integrated Database (eGRID) | US EPA
9	 National inventory report: greenhouse gas sources and sinks in Canada.: En81-4E-PDF - Government of
	
Canada Publications - Canada.ca
10	 Emissions Factors - Data product - IEA
11	 Green-e® Residual Mix Emissions Rate Tables | Green-e
12	 US Environmentally-Extended Input-Output (USEEIO) Technical Content | US EPA
13	 Commuting (Journey to Work) (census.gov)
14	 Statista, 2018
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Category 1
Category 2
Category 4
2022
37.80%
34.76%
52.78%
2021
43.27%
47.89%
 - 
2019
1.38%
48.36%
 - 
SCOPE 3
Element’s scope 3 inventory was calculated in partnership with our suppliers, the below table 
includes the percentage of dollar spend where emissions were calculated using supplier-specific 
emission factors.
TABLE 3
TABLE 2
2022 Scope 1 & 2 Emissions1 Summary
Total MTCO2e4
CO2 (MT)
Ch4 (MT)
N2O (MT)
HFC (MT)
CO2 (MTCo2e)2
Ch4 (MTCo2e)
N2O (MTCo2e)
HFC (MTCo2e)
Scope 1
950.54 
 753.08 
 0.06 
 0.01 
 0.14 
 753.08 
 1.71 
 1.62 
 194.12 
Scope 2 (Location-based)
 2,453.95 
 2,440.97 
 0.17 
 0.03 
 - 
 2,440.97 
 5.08 
 7.91 
 - 
Scope 2 (Market-based)
 2,277.29 
 2,274.91 
 0.02 
 0.01 
 - 
 2,274.91 
 0.48 
 1.89 
 - 
20213 Scope 1 & 2 Emissions1 Summary
Total MTCO2e4
CO2 (MT)
Ch4 (MT)
N2O (MT)
HFC (MT)
CO2 (MTCo2e)2
Ch4 (MTCo2e)
N2O (MTCo2e)
HFC (MTCo2e)
Scope 1
 959.75 
 756.24 
 0.05 
 0.01 
 0.14 
 756.24 
 1.48 
 1.60 
 200.43 
Scope 2 (Location-based)
 2,258.49 
 2,245.86 
 0.18 
 0.03 
 - 
 2,245.86 
 5.28 
 7.36 
 - 
Scope 2 (Market-based)
 2,315.85 
 2,314.48 
 0.01 
 0.00 
 - 
 2,314.48 
 0.44 
 0.93 
 - 
2019 Scope 1 & 2 Emissions1 Summary
Total MTCO2e4
CO2 (MT)
Ch4 (MT)
N2O (MT)
HFC (MT)
CO2 (MTCo2e)2
Ch4 (MTCo2e)
N2O (MTCo2e)
HFC (MTCo2e)
Scope 1
 2,005.10 
 1,686.15 
 0.09 
 0.01 
 0.22 
 1,686.15 
 2.71 
 3.14 
 313.11 
Scope 2 (Location-based)
 4,896.80 
 4,865.78 
 0.45 
 0.06 
 - 
 4,865.78 
 13.31 
 17.71 
 - 
Scope 2 (Market-based)
 5,210.80 
 5,209.01 
 0.02 
 0.00 
 - 
 5,209.01 
 0.58 
 1.21 
 - 
2022 Scope 1 & 2 Region Totals MTCO2e
2022
2021
2019
Scope 1
ANZ
38.82
124.13
211.80
US/CAN
711.22
727.48
1,688.33
MEX
200.50
108.12
104.97
Scope 24
ANZ
340.34
98.01
132.59
US/CAN
1,829.30
2,172.63
5,032.36
MEX
107.64
45.21
45.85
1	
Element’s greenhouse gas footprint is prepared in accordance with the GHG Protocol Corporate 
	
Accounting and Reporting Standard, GHG Protocol Scope 2 Guidance, GHG Protocol Corporate Value 
	
Chain (Scope 3) Accounting and Reporting Standard, and GHG Protocol Technical Guidance for 
	
Calculating Scope 3 Emissions
2	 MTCO2e – Metric Tonnes Carbon Dioxide equivalent
3	 Inaugural GHG inventory conducted in early 2022 for baseline year (2019) and most recent year (2021)
4	 Totals calculated utilizing scope 2 market-based GHG emissions
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TOPIC
ACCOUNTING METRIC
CODE
RESPONSE
US
CA
MX
AUS
NZ
Customer 
Safety
Percentage of rental fleet 
vehicles rated by NCAP 
programs with an overall 5-star 
safety rating, by region
TR-CR-250a.1
In 2022, the percentage of 
vehicles in our fleet rated 4 
or 5 stars in their respective 
countries.
85%
85%
Data 
unavailable
94%
94%
Number of vehicles recalled 
TR-CR-250a.2
In 2022, all OEM voluntary 
and involuntary recalls in 
our fleet including minor 
part recalls by country:
78,294
 13,770
711
923
0
Fleet Fuel 
Economy & 
Utilization
Rental day-weighted average 
rental fleet fuel economy, by 
region
TR-CR-410a.1
In 2022, the average fuel 
economy of our fleet:
16.7 mpg
14.0 mpg
14.9 km/l
N/A
21.0 km/l
Fleet utilization rate
TR-CR-410a.2
As a fleet management 
company, we provide 
services to clients’ fleets 
while in operation and do 
not rent vehicles.
Average 
vehicle age
TR-CR-000.A
In 2022, the average age of 
our fleet:
50 months
26 months
42 months
44 months
45 months
Total 
available 
rental days
TR-CR-000.B
As a fleet management 
company, we provide 
services to clients’ fleets 
while in operation and do 
not rent vehicles.
Average 
rental fleet 
size
TR-CR-000.C 
In 2022, the average 
number of vehicles in our 
fleet by country:
267
49
84
77
45
For calendar year 2022 Element has chosen to use the voluntary Sustainability Accounting Standards Board (SASB) 
framework for our industry. Transportation Sector, Car Rental and Leasing Standard TR-CR.
SASB Index
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GOAL
TARGET
OUR ACTIONS
3 Good Health and Well-Being
3.4 Promoting Mental Health and 
Well-Being
3.6 Reducing injuries and deaths 
from traffic accidents
•	 Element provides wellness and mental health resources for all of our permanent employees and their families. 
•	 Our suite of fleet driver safety products and services make a difference, reducing preventable collisions by 21% 
(average) over three years.
•	 Within the U.S. and Canada, we offer our DriverCare CoPilot® product to our employees and their families 
free of charge. 
4 Quality Education
4.3 Access to affordable, quality 
education 
•	 Our employees participated in 6,635 hours of continuous education and training, including the McKinsey 
Leadership Academies.
•	 Over $290,000 in tuition reimbursement was given to employees in 2022. 
8 Decent Work and
Economic Growth
8.3 Promote economic inclusion 
in the supply chain
•	 In 2022, we spent $1.75B CAD with our network of more than 4,800 diverse suppliers.
10 Reduced Inequalities
10.3 Ensuring equal opportunity 
and reduced inequality
•	 In 2022, we hired 47% of women globally and 37% BIPOC hires in the U.S. and Canada.
•	 Our workforce is 51% women.
•	 We have achieved pay parity for women and BIPOC employees compared to men and non-BIPOC 
colleagues in the U.S. and Canada. We are committed to ensuring fair and equitable pay at every stage 
of the compensation process.
•	 44% of our Board of Directors are women.
13 Climate Action
13.1 Strengthen climate resilience
•	 Element’s goal is to electrify 100% of our internal fleet across all five countries in which we operate by the end 
of 2025. Currently we have achieved 20% electrification globally.
•	 We are supporting the electrification of our clients’ fleets with approximately 70 pilot programs launched 
globally in 2022. 
•	 To advance the sustainability of our industry, we are a member of two global alliances: Ceres Corporate Electric 
Vehicle Alliance and the Accelerate: Canada’s Zero-Emission Vehicle Supply Chain Alliance. 
UN SDG Index
Element aims to contribute to sustainable development and has identified 
five sustainable development goals as priorities for our contributions in line 
with our business practices.  
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About this Report
This sustainability report highlights Element’s contributions for our 
key stakeholders: our people, clients, investors, and the communities 
where we work and live.
About Element
Element Fleet Management Corp (TSX: EFN) is the largest publicly 
traded pure-play automotive fleet manager in the world, providing 
world-class services to the owners and drivers of over 1.5 million 
commercial vehicles. For more information, visit www.elementfleet.
com/investors.
Report content
Element has published this report to provide an overview of our 
company’s operations related to environmental, social, and 
governance topics.
Reporting Period
Unless specified otherwise, all data and information in this ESG 
Report pertains to efforts in fiscal year 2022, which began on 
January 1, 2022, and ended on December 31, 2022.
Report Cycle
Issued annually since 2021
Report Boundaries
Element North American operations (U.S., Canada, and Mexico) as 
well as Australia and New Zealand, which operate as Custom Fleet.
Currency References
Canadian dollars except where otherwise noted
Reporting Frameworks
This report was created with reference to the Sustainability 
Accounting Standards Board (SASB) standard for the Car Rental 
and Leasing Standard industry in the transportation sector. In 
addition to this report, Element responds to CDP and issues a 
Communication on Progress to the United Nations Global Compact.
Independent Assurance
Element obtained limited assurance provided by EY over our 
Scope 1, Scope 2, and upstream Scope 3 emissions. Refer to 
www.elementfleet.com/2022IndependentGHGAssurance for the 
Independent Practitioner’s Assurance Report.
Review
Element’s sustainability disclosures and data underwent internal 
quality checks and are factual to the best of our knowledge at 
the time of reporting. The report underwent a formal review and 
approval process by senior management from each functional 
area, the Executive ESG Steering Committee, and executive 
management.
Forward-looking statements
This document contains certain forward-looking statements and 
forward-looking information regarding Element Fleet Management 
Corp. (“Element”) and its business which are based upon Element’s 
current expectations, estimates, projections, assumptions and 
beliefs. In some cases, words such as “plan”, “expect”, “intend”, 
“believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “target”, 
“proposed” and other similar words, or statements that certain 
events or conditions “may” or “will” occur are intended to identify 
forward-looking statements and forward-looking information. 
These statements are not guarantees of future performance and 
involve known and unknown risks, uncertainties and other factors 
that may cause actual results or events to differ materially from 
those anticipated in the forward-looking statements or information.
Forward-looking statements and information in this document may 
include, but are not limited to, statements with respect to, among 
other things, fleet electrification, diverse supplier spending, and 
other of our environmental, social and governance (ESG) related 
impacts and objectives. 
A discussion of some of the material risks affecting Element and 
its business appears under the heading “Risk Management” in 
Element’s Management Discussion and Analysis for twelve-month 
period ended December 31, 2022, which has been filed on SEDAR and 
can be accessed at Element’s profile on www.sedar.com.
Additional Information
For additional information, visit our website at 
www.elementfleet.com
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2023 ESG Report