A report from the Energy Savings Trust finds that adopting Green Fleet Management practices could save UK firms £2.6bn on their company car schemes, often a business’s second largest overhead.
The “Behind The Wheel” report reveals a significant indifference from many companies to the impact their fleets have on the environment and, perhaps more surprisingly, on their profits.
- Only 48% of companies surveyed had Corporate Social Responsibility or environmental policies
- Of those, only 42% consider the environmental impact of their vehicles in their policies.
- Only half of U.K. businesses believe they can save money by running a greener fleet.
- Only a quarter of companies offer incentives to employees to choose a car with lower CO2 emissions.
- 21 % of companies still insist that eligible employees drive a car ‘appropriate’ to their status and salary; in practice, promotion means higher CO2 emissions.
- Only 11% of U.K. companies that offer company cars have conducted a review of their fleets’ carbon footprint.
- A company with a fleet of 100 vehicles could be saving up to £90,000 a year by implementing green fleet policies.
- About a third of companies think it will cost money to introduce a greener fleet.
- Almost two-thirds of companies that have taken steps to reduce emissions have saved money as a result.
Philip Sellwood, Chief Executive of the Energy Saving Trust, said “When it comes to company car fleets, the business case is the environmental case. Yet we frequently find that fleets are not being discussed at the right level in companies. Very few organizations discuss their company car fleet as a boardroom agenda item.”
It’s time for stakeholders in large companies to start asking serious questions about car schemes.