Yellow Corporation

Yellow Corporation has not set any targets to reduce its emissions intensity. The company should develop a target that aligns with its 1.5°C pathway. This target should cover its own operations and subcontracted emissions. Additionally, Yellow Corporation should set intermediate targets at gaps of no more than five years to incentivise near-term actions on a longer-term goal. The company should clearly report its base year emissions and any offsetting it intends to use to allow for a complete analysis of its targets and progress against them.

Yellow Corporation has implemented board-level oversight of climate change. However, there is no evidence that the company has a low-carbon transition plan. Yellow Corporation should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. The plan should be informed by scenario analysis to ensure that its ambition is sufficient for a 1.5°C pathway. Yellow Corporation does not incentivise low-carbon performance through executive compensation. The company can improve the likelihood of a successful low-carbon transition by aligning its incentives with its decarbonisation commitments.

The company has no strategy or major incentives to drive emissions reduction in its supply chain. Yellow Corporation should implement strategies to encourage subcontractors to reduce their emissions. This could include requiring suppliers to abide by a code of conduct; working on joint research and development (R&D) projects; encouraging suppliers to set science-based targets; and educating suppliers on emissions reduction opportunities such as alternative fuels or low-carbon vehicles. Importantly, the company should also disclose the activity and emissions of its subcontractors.

For Yellow Corporation’s operations, no activity, emissions intensity or fuel data was available. Without these data points, it is not possible to assess the company’s past emissions trend or to assess the company’s alignment with its 1.5°C scenario pathway. The company does not disclose sufficient fleet information to meaningfully assess the share of low-carbon vehicles and energies in its operations. No strong evidence is available on the company’s plans to increase the share of low-carbon vehicles.

Yellow Corporation has not set any emissions or low-carbon vehicle share targets. The company has not developed a vision of what its business will look like in a low-carbon future.

The company does not have a low-carbon transition plan and there is no evidence that it intends to develop one in the near future. The company states that it plans to increase the number of low-carbon vehicles it operates and the share of low-carbon fuels it uses. However, targets for these elements are not disclosed.

Yellow Corporation is trialling the use of fully electric yard tractors but does not disclose its R&D spending. The company offers rail-road and river-road combined transport accounting for approximately 20% of its mileage.

Insufficient emissions data was disclosed by the company from 2015 to 2020 to provide a meaningful assessment of its historic emissions intensity trend . The company has joined the Environmental Protection Agency (EPA) SmartWay programme but is also a member of American Trucking Associations, which believe internal combustion engine vehicles have a key role to play in the future of trucking.

Yellow Corporation has not developed a strategy to reduce emissions from its own operations or to influence its subcontractors to reduce their emissions. The company has appointed board-level oversight for climate change. However, there is little evidence that this has impacted the company’s day-to-day business model.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders.

No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue or engagement with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks.

No public commitment by the company was found stating its intention to reskill and upskill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company reskills and upskills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.

No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

The company commits to respecting human rights. However, the company’s Code of Business Conduct does not disclose a commitment to respect all of the ILO fundamental rights at work or an expectation of the same commitment of its business relationships. Furthermore, it can strengthen its disclosure on its human rights due diligence process and engagement with affected stakeholders. The company does, however, have a grievance mechanism available to workers and external stakeholders.

The company commits to respecting the health and safety of its workers. However, no evidence was found of an expectation of the same commitment of its business relationships. Furthermore, no relevant disclosure was found of a company commitment to gender equality and women’s empowerment. While the company discloses the proportion of its direct workforce covered by collective bargaining agreements, the company can strengthen disclosure on this subject, as well as on its living wage, working hours and workforce diversity fundamentals.

The company commits to protecting personal data. However, no evidence was found of a privacy statement regarding the collection, sharing and access to personal data of employees and customers. While the company has a policy prohibiting bribery and corruption, no relevant disclosure was found regarding corresponding clauses in its contracts with business relationships. The company has a lobbying and political engagement policy, but it discloses that it allows political contributions to be made through a political action committee (PAC). Additionally, the company can strengthen disclosure on its global tax policy.