Fleets fail to make headway on managing emissions
According to independent research from the Corporate Vehicle Observatory (CVO) Barometer, which looked at the state of the market across 15 countries, when fleet managers were asked about the services that they are interested in, the top three for larger companies (100+ employees) all related to the impact on the environment of company vehicles.
Top 3 new services
• CO2 reporting
• CO2 optimisation of car policy
• Eco driver training
Despite this desire to be greener, the research shows that many companies are still not measuring their environmental impact. Even amongst the largest companies (more than 100 employees) only around 50% are tracking CO2 emissions; while less than a quarter of smaller companies are taking action.
Mike Waters, director of market insight at Arval, which supports the annual CVO Barometer, commented: 'Whatever the motivation, there is clearly a desire amongst companies to manage their environmental impact, which is why it's surprising that many neglect to measure their CO2. Without this information which is easy to obtain through fuel card data, it is very difficult to set realistic reduction targets or monitor ongoing company performance and let's not forget that reducing CO2 directly equates to reductions in overall running costs.'
In the UK 55% of the largest companies (more than 1,000 employees), 42% of companies with more than 100 employees, and less than 10% of companies with fewer than 100 employees have fleet CO2 reduction targets in place.
Waters concluded: 'Managing environmental impact should now sit at the heart of fleet management. The combination of cost savings, organisational reputation and the genuine desire to operate in a sustainable manner provide a compelling case to manage environmental impact – however, this research shows that many fleets still have some way to go in doing this effectively.'For more of the latest industry news, click here.