Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM) announced an industry-leading focus to help its clients transition to a low-carbon economy and achieve corporate Environmental, Social and Governance (ESG) goals. Fleet Advantage’s ESG focus is illustrated through the launch of its latest corporate video, where the company highlights the many ways, it is working with transportation fleet customers to create industry change.
Environmentally Conscious Business Practices
“At the heart of our ESG-centric strategy is an industry-best data analytics focus that relies on real-time business intelligence to help steer clients toward more environmentally-sound business decisions,” said Katerina Jones, Vice President, Marketing and Business Development for Fleet Advantage. “We are proud to have pioneered the use of data analytics to help fleet customers run their operations more efficiently and environmentally responsible over the years.”
John Flynn founded Fleet Advantage in 2008 with the goal of being the future of truck leasing by advocating solutions that would significantly reduce emissions over time. Several years ago the company introduced never-seen-before emissions scorecards, and a pioneering truck exchange program with financial flexibility in mind that made it beneficial to operate newer, clean-diesel engines. This program also helped fleets meet new GHG-1 Federal mandate standards and calculated fuel economy gains at 2.5% MPG and CO2 reductions.
Today, Fleet Advantage customers are boasting vastly improved environmental records while implementing ESG strategies in front of customers, regulators, and other critical stakeholders. In total, the company has saved customers approximately $250 million and approximately 175,000 metric tons in emissions since inception.
Socially Forward Organizations
In addition to environmental stewardship, social criteria are also playing a major role in companies’ ESG strategies. It’s important that fleets are operating the newest and safest trucks that help attract and retain a greater pool of diverse drivers and other staff. Fleet Advantage’s specification experts work with each fleet to design new trucks for maximum safety, fuel efficiency, lowest maintenance cost, and highest resale values through the company’s Safety-First Program. By focusing on safety proactively, Fleet Advantage is ultimately advising companies about risk that they may otherwise not likely identify, as well as a solution that could save millions of dollars in cost reduction while avoiding damage to their corporate image and brand identity.
Governance and Corporate Leadership
Governance is an area many companies have struggled with in recent history. This pertains to the governance factors of decision-making, from sovereigns’ policymaking to the distribution of rights and responsibilities among different participants in corporations, including the board of directors, managers, shareholders and stakeholders. Governance factors highlight the processes for organizations and allow investors to watch for specific governance practices as they would for environmental and social factors. Fleet Advantage provides analytics, processes, and transparency so that organizations can meet legal requirements and satisfy every stakeholder in the process.
Additionally, Fleet Advantage is a strong example of how diversity and inclusion in the workplace can have a substantially positive impact on its organization, employees, customers, and the surrounding communities. The company believes that the long-term success of any business calls for a diverse body of talent that can bring fresh ideas, perspectives, and viewpoints into the workplace. Fleet Advantage executives strive to create a culture of diverse individuals from all races, ages, genders, education levels, and cultural backgrounds. Today, the company offers a workforce represented by 44% female and 36% minority professionals on its staff. Fleet Advantage is also a member of the Women in Trucking Association.