Environmental Defense Fund provides roadap on greening corporate fleets

New report highlights success of PHH GreenFleet® program

(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 Jason Mathers, EDF project manager. “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. To RSVP for the call or for more information, email greenfleet@edf.org. 

Environmental Defense Fund, a leading national nonprofit organization, represents more than 500,000 members. Since 1967, Environmental Defense Fund has linked science, economics, law and innovative private-sector partnerships to create breakthrough solutions to the most serious environmental problems. Environmental Defense Fund has a 20 year track record of success in partnering with business. To maintain its independence and credibility, EDF accepts no money from corporate partners; generous individuals and foundations fund its work. For more information, visit www.edf.org.

PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], is a leading fleet management services provider in the United States and Canada. PHH Arval provides outsourced fleet management solutions to corporate clients, including nearly one-third of the Fortune 500 companies. The company’s environmental program, PHH GreenFleet®, won a 2008 American Business Award (“Stevie”) for Best New Product or Service. For more information, visit www.phharval.com, or call 800 ONLY PHH.