Driving Growth: Managing Transition Risks in Transportation for Investors and Companies

The transportation sector is undergoing its biggest shift in a century. Clean technologies, regulatory pressure, and market changes are creating major opportunities for companies and investors ready to act. 

Fossil fuel-dependent assets face rising risks—cost volatility, obsolescence, and competitive disadvantage. With 94% of transport fuel still fossil-based, transition risk is high. Climate impacts could cut global economic output by up to 34% if warming reaches 3°C. 

This report outlines key risks—physical, financial, and market transition— and provides strategic recommendations and corporate case studies to help organizations manage them and capture growth.  
 
Real-world progress: 

• CBRE is targeting 100% fleet electrification by 2035, contributing a 30% reduction in scope 1 and 2 emissions by 2030.  
   

• Element Fleet Management has achieved 30% of its target to transition 350,000 client vehicles to electric by 2030 and is also making considerable progress toward its goal of fully electrifying its global internal fleet. 
   

• Keurig Dr Pepper achieved a 21% reduction in combined scope 1 and 2 emissions in 2024 compared to a 2018 baseline and expanded its Canadian electric fleet to nearly 20% of the total Canadian fleet.