|J.B. Hunt Transport Services||2020||N/A||https://www.blackrock.com/corporate/literature/press-release/blk-vote-bulletin-jb-hunt-apr-2020.pdf|
During our recent engagements, the company acknowledged that GHG emissions are particularly material, noting that fuel costs and customer interest in lower carbon solutions directly impact JBHT’s business. However, the company has admittedly faced challenges reducing emissions due to a lack of viable alternative energy solutions for trucks that can conduct heavy duty, long distance hauls. Despite these challenges, JBHT has emphasized its ongoing focus on reducing GHG emissions and maximizing fuel economy.
Additionally, JBHT is in the process of gathering baseline emissions data (which will be verified by a third party) to better understand opportunities for improvement, at which point we would expect it to be in a better position to set emissions reduction targets. Importantly, the company has committed to integrating the reporting standards of the Sustainability
Accounting Standards Board (SASB) to improve its existing disclosures by the end of the year…The company has markedly improved its disclosures and has committed to publishing a SASB-aligned report by year-end, which will highlight oversight of climate-related risks and showcase key performance indicators on material factors, such as greenhouse gas emissions…Ultimately, BIS feels that the evolution of JBHT’s policies and practices, as well as its recent actions and commitment to provide investors with more robust reporting, represent significant year-over-year progress. To that end, we believe that supporting management is warranted at this time.
- Report on Climate Change Initiatives
The company has markedly improved its disclosures and has committed to publishing a SASB-aligned report by year-end, which will highlight oversight of climate-related risks and showcase key performance indicators on material
factors, such as greenhouse gas emissions