Environmental Defense Fund Provides Roadmap on Greening Corporate Fleets

(Sparks, MD – December 8, 2008) Environmental Defense Fund has released a five-step framework to help companies minimize the environmental impact of their corporate fleets while protecting the bottom line. The new report, “Greening Fleets: A roadmap to lower costs and cleaner corporate fleets,” highlights the work of EDF and PHH Arval in developing the industry-leading approach to reducing greenhouse gas (GHG) emissions without increasing costs. A PDF is available at www.edf.org/greenfleet.

The best practices discussed in the report were developed in conjunction with PHH Arval, which has partnered with EDF to help corporate fleets reduce their greenhouse gas emissions. While most companies are interested in operating in a more environmentally-friendly way, they are also concerned about associated costs. The EDF report highlights results achieved by several companies using the PHH GreenFleet program. On average, these clients have reduced GHG emissions by 14% while reducing operating costs by 4%.

“For over three years we’ve been helping leading companies identify the most efficient methods for achieving their fleet environmental goals,” said EDF project manager Jason Mathers. “Managing greenhouse gases make good business sense, so we are eager to make this report widely available to companies that are watching the bottom line while working to ‘green’ their operations.”

Karen Healey, director of PHH Arval’s environmental initiatives, added, “We’re proud of our success with EDF. By highlighting best practices in greening fleets, this report can help all fleets achieve their environmental and business goals.”

EDF will be hosting a conference call on Wednesday January 14, 2009 from 1 to 2pm EST to review these best practices and answer questions from fleet managers. For more information or to RSVP for the call, email greenfleet@edf.org.

###