Axios Mobile Assets Corporation —a logistics company that uses bio-based pallets with very little poundage— has received notification from the VCS Association, a Washington, DC-based greenhouse gas accounting program, that it is eligible for monetization of carbon credits resulting from weight savings.
Engineered from an advanced bio-based resin, the Axios pallets are 30 percent to 40 percent lighter than comparable wooden pallets, offfer great durability, and the ability to cart goods over multiple trips and a long (10-12 year) lifespan.
Therefore, Vaughan, Ontario-based Axios has been awarded the Verified Carbon Standard for the adoption of the industry's first Lightweight Pallet Methodology, giving the logistics provider and its worldwide clients the go-ahead to track and retire carbon units through the VCS registry program.
Along with their carbon savings, clients will realize operational cost savings, because the reduced weight of the pallets requires less fuel for transport and reduced fleet maintenance. In addition, Axios’s enterprise-level cloud-based track-and-trace software solution provides accountability for shipments, alleviating concerns about theft and counterfeiting of high value goods as they move through the supply chain.
What’s more, Axios offers 94 percent deck coverage, non-slip surface and no possibility of splinters, shards and nails, thus reducing the chance of damage to goods or injury to employees working with them. The composite material used in the pallets is naturally phytosanitary and repels most liquids, which makes it free from mold and insect infestation and easy to clean with water. Because it is inherently fire retardant, no chemical fire retardants (such as controversial deca bromine/decaBDE) are necessary.
"This is truly a game-changing development for manufacturers and retailers that adopt the Axios solution into their logistics network and supply chain, as it enables a major breakthrough to reduce their overall logistics costs," said Axios President and CEO Rich MacDonald in a statement. “This solution is an example of how to implement out-of-the-box solutions that makegreen thinking and sustainability efforts pay back and generate great returns for the business."
"This new methodology perfectly illustrates how carbon finance can be an engine that helps businesses modernize their existing assets, while simultaneously reducing greenhouse gas emissions," said VCS Chief Executive Officer David Antonioli. "It also demonstrates how carbon finance can make supply chains greener, and given there are huge opportunities for emission reductions in the shipping industry generally, this methodology should serve as an exciting starting point for those business leaders interested in improving both their bottom line and the environment."
The Axios-developed methodology was written in conjunction and collaboration with sustainability industry experts, PE International and Five Winds Consulting. It was vetted and validated over a rigorous two year period through two leading environmental agencies, First Environment and Bureau Veritas (News - Alert). The VCS has approved the methodology for global use.
Edited by Jamie Epstein