THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
The federal government of Australia has proposed implementing carbon-emission rules which may increase the price of country’s most popular cars by an estimated approximate of $4,000.
Tusker, a provider of salary sacrifice car schemes, has added three more new car schemes covering nearly 10,000 employees to the rapidly growing portfolio it operates in the UK, taking the total number of live schemes to more than 180.
An increasing number of European countries are switching to an emissions-based car tax system due to global pressure to reduce carbon emissions, according to the 2014 edition of the annual "Fleet Europe" Taxation Guide.
According to the 2013 edition of the "European Taxation Guide," international fleet managers can produce cost savings of tens of thousands of Pounds/Euros for their companies by reducing the average carbon emissions on a typical fleet of 200 cars by just 10g/km.
A record number of resolutions were filed during the 2009 proxy season by investor groups to get companies to voluntarily disclose data about their "carbon footprints," which includes the greenhouse gas (GHG) emissions caused directly and indirectly by their operations. These investors argue companies that disclose and mitigate GHG emissions will be rewarded with higher valuations and a lower cost of capital. At many companies, fleet represents a sizeable percent of their carbon footprint.
Launched in 2007, Cox Enterprises’ “Cox Conserves” program strives to green the company’s more than 15,000-vehicle fleet. The company is working to reduce its carbon footprint by 2017.