PHH Arval announces results of 2010 Green Survey
June 28, 2010
The survey was designed to gauge fleet managers’ insights into environmental issues, how fleets are implementing solutions that would reduce their greenhouse gas (GHG) emissions and more. For the second year in a row, the survey was distributed via the web and included responses from a wide variety of fleet managers.
Following are highlights from some of the key findings:
- Almost half of all fleets (49%) are measuring emissions. In 2008, the first year we asked the question, slightly more than a quarter of all fleets (28%) were measuring their emissions. There have been significant gains in this area in the past two years.
- Despite the economic climate, there is continued interest in environmental issues. Seventy five percent of respondents reported they had been asked about the environmental impact of their fleets in the last year. This compares to 74% in 2009 and has largely remained flat since 2007, the first year of the survey. Sixty-eight percent of respondents said they have an environmental goal for their fleets, up slightly from last year. In addition, the economic climate accelerated progress for some respondents and slowed it for others. Twenty eight percent said the economy accelerated their programs (compared to 21% last year), and 20% said it slowed their plans (compared to 9% last year).
- Cost continues to be a concern. Although the number of people that identify cost as a barrier to greening their fleets has fallen slightly each year, it continues to be significant at 42% (down from 46% in 2008). Twenty nine percent of respondents have been finding cost savings as they reduce emissions. This is slightly up from last year (25%).
- Fleets focusing on driver behavior as a key way to reduce emissions. Seventy-four percent of fleet managers are reaching out to drivers to enlist their help with fleet environmental goals.
- Fleets are cautious in adopting new or emerging alternative fuels. We asked respondents about their current use and potential near-term use for a variety of fuel types including electric, diesel and compressed natural gas. Conventional gasoline hybrids had the most acceptance, with every other technology trailing significantly.
For more details about these and other findings, request the full white paper at www.phharval.com/greensurveyresults.
PHH Arval continues to work with its fleet clients through PHH GreenFleet®, the program developed in conjunction with Environmental Defense Fund, which is achieving impressive results in measuring and reducing both greenhouse gases and overall fleet costs.
About PHH Arval
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. Through consultative expertise, flexible customer service, and award-winning technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit http://www.phharval.com/, or call 800 ONLY PHH.
About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage, is one of the top five retail originators of residential mortgages in the United States1, and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the company and its subsidiaries, please visit our Web site at http://www.phh.com/.
1 Inside Mortgage Finance, Copyright 2010
