Investigation of the Carbon Offsetting Targets Towards Sustainability: A Focus on 3PL Companies

Abstract

This study examines the carbon emission reduction goals of third-party logistics (3PL) firms for sustainable activities, assessing their effectiveness and impact on sustainability. It explores the goals and methods used by these companies, their implementation challenges, and the potential effects on sustainability outcomes like reduced emissions, improved operational efficiency, and increased stakeholder participation. This aims to understand how 3PL companies reduce their carbon footprints and identify opportunities. This study examines the leading 3PL providers in the global content market using a comprehensive analysis of literature articles. The effect of carbon footprints on efficiency in third-party logistics companies is examined in the present research. With an emphasis on carbon mitigation, the effects of carbon footprints on organisations, and the tactics 3PL entities employ to lower their carbon footprints, it included 76 research publications during 2019–2024. The study examines supply chain management, sustainability, and emission reduction using the theories of carbon management, stakeholders, and the environment. The outcomes demonstrate how well the retention of carbon techniques works to raise industrial sustainability standards. This study evaluates the interest and difficulties experienced by 3PL companies by comparing the results with those of other countries. Consequently, the goal of the research is to raise the general understanding of environmental issues and accomplish long-term sustainability objectives in the transportation industry, as a finding of this research, Direct, indirect, and fugitive carbon footprints have considerable impacts on the environment and economy. Compared to individuals, businesses are more responsible for global warming, which damages infrastructure, disrupts supply chains, and lowers productivity. 3PL companies can employ carbon mitigation strategies, such as waste reduction, renewable energy investments, and environmentally friendly transportation while interacting with stakeholders and governments to minimise the negative environmental effects. Likewise,20% of the world's greenhouse gas (GHG) emissions come from the transportation sector, which includes 3PL companies.