January 7, 2023. GBA Logistics, which has utilised a HSBC UK funding package, has snapped up a total of ten Scania compressed natural gas (CNG) fueled vehicles to add to its existing diesel-powered fleet. It marks the first major alternative fuels investment for GBA as it works towards a 2040 Net Zero target.
The vehicles will operate on specific routes in the North and East of the UK, with the potential to expand to other regions.
Due to the HSBC UK supported move to CNG power solutions, GBA has achieved the 2022 target of a 9 per cent reduction in CO2 emissions from truck operations. The company is keen to emphasize the importance of the investment towards its commitment to reduce carbon emissions by 50 per cent by 2025.
Deena Hamilton, Sustainability Manager at Preston-based GBA, said: “This is an exciting time at GBA as we make further additions to our existing two hundred vehicle-strong fleet. As part of our sustainability goals, we are committed to reducing our emissions and taking credible steps to invest in greener technologies. We look forward to further opportunities for decarbonization as we drive towards a sustainable future.”
Jon Higginson, Relationship Director at HSBC UK, added: “The introduction of an alternative fueled fleet to GBA’s services comes at an important time for the business as it moves towards more sustainable operations. It is fantastic to support their green initiatives and we look forward to seeing the wider positive impact this makes as the company continues to grow.”
