WEBVTT - Quick Bite: Mainfreight's Tesla trucks & solar sustainability

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<v Speaker 1>You're listening to a Shears These podcast.

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<v Speaker 2>You've had a really strong track. Lookt I guess on

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<v Speaker 2>sustainability and you know, talking about it and being you know,

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<v Speaker 2>reporting about what you're doing. I mean, yeah, there been

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<v Speaker 2>any interesting surprises that have come out of that work

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<v Speaker 2>for you? And what do you see the kind of

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<v Speaker 2>key challenges for mainfreight in terms of that sustainability picture.

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<v Speaker 1>Well, I think the interesting thing is that we haven't

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<v Speaker 1>actually got on our soapbox and shouted about what we

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<v Speaker 1>did from a sustainability point of view. If you look

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<v Speaker 1>at what Bruce did in the early days, he was

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<v Speaker 1>always recycling wooden palettes and plastick and the likes in

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<v Speaker 1>each of the facilities. And then he found a water

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<v Speaker 1>tank light which was an old milk tank lying on

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<v Speaker 1>the side of the road and thought about recycling water

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<v Speaker 1>off the roof. And today that's a big part of

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<v Speaker 1>what we do with our new facilities. If you think

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<v Speaker 1>about the new sites and Dannyong, the new site in Adelaide,

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<v Speaker 1>the sort of eight to eighty five off grid for

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<v Speaker 1>solar power and water, and the new sites in Dallas

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<v Speaker 1>and Chicago are exactly the same. Mind you, the Texans

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<v Speaker 1>thought that we were nuts putting solar on the roof

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<v Speaker 1>when they're pointing to the ground saying that's where the

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<v Speaker 1>gas is. But it's our view about what we can

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<v Speaker 1>do and what we can control in terms of sustainability.

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<v Speaker 1>And if we had had more companies, particularly here in

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<v Speaker 1>New Zealand, that actually recycled the water off their roof,

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<v Speaker 1>we wouldn't have a problem with shortage of water during

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<v Speaker 1>drought years. Anyway, for us, there's plenty of challenges. I mean,

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<v Speaker 1>we are running electric vehicles around town in some of

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<v Speaker 1>the major cities in New Zealand and Australia, but we

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<v Speaker 1>can't get electric vehicles to run efficiently long haul. You know,

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<v Speaker 1>we're still waiting on Tesla's long haul vehicle to operate

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<v Speaker 1>in the States. I think we've had an order place

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<v Speaker 1>now for three years. Still nothing on the horaz. We've

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<v Speaker 1>got two electric trucks to what they call drage off

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<v Speaker 1>the wholf in Long Beach. We've been waiting six months

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<v Speaker 1>for it and it's just been for both of them

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<v Speaker 1>and they've been delayed another month. So it's frustra that's

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<v Speaker 1>frustrating for us because we would like to be more

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<v Speaker 1>efficient in terms of sustainability across the supply chain for

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<v Speaker 1>our customers. I think the other interesting thing is the

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<v Speaker 1>legislation that's changing in Europe. If you are a company

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<v Speaker 1>that owns or employees two hundred people or more, you

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<v Speaker 1>have to report your emissions carbon emissions from next year on.

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<v Speaker 1>It's a legal requirement. And therefore what we've done and

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<v Speaker 1>what we've reporting is turning heads in terms of customers

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<v Speaker 1>and looking to I suppose supply chain experts like ourselves

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<v Speaker 1>who are taking sustainability seriously, so.

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<v Speaker 2>It becomes a key selling point.

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<v Speaker 1>You think there is absolutely no doubt. And in fact,

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<v Speaker 1>a sales call we made in in New York a

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<v Speaker 1>couple of months ago, we produced our sustainability report on paper,

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<v Speaker 1>the most sustainable paper we can find, and place that

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<v Speaker 1>on the table with the managing director of that business

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<v Speaker 1>and he picked it up, flick through it and said,

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<v Speaker 1>this is exactly what we're looking for. And one month

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<v Speaker 1>later they've awarded the ocean freight out of Germany to

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<v Speaker 1>US into the United States. So clearly it strikes accord

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<v Speaker 1>with our potential customers and we're winning business. As a consequence,

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<v Speaker 1>investing involves risk, you might lose the money you start with,

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<v Speaker 1>we recommend talking to a licensed financial advisor. We also

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<v Speaker 1>recommend reading Product of sclosure documents before deciding to invest.