FORT LAUDERDALE, Fla. (March 24, 2022) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM), announced today their program helps corporate truck fleets certify their greenhouse gas emissions (GHG) output, recently mandated under a proposed rule issued by the Securities and Exchange Commission (SEC). Fleet Advantage is the only finance lessor that has been certifying such measures for a decade with a focus on tractor trailer fleets that operate high annual mileages (MPY).
On March 21, the SEC issued a proposed rule designed to enhance and standardize climate-related disclosures divulged by public companies. Under the proposal, a registrant is required to adhere to greenhouse gas (GHG) emissions disclosures within qualitative governance disclosures within their annual reports (e.g., Form 10-K). Comments on the proposed rule are due 30 days after its publication in the Federal Register or May 20, 2022.
Pioneering Focus on ESG and Documented Certification for SEC Filings
With more than 12 years of experience reporting to America’s Top 50 corporate truck fleets to achieve emissions sustainability, the company developed innovative technologies analyzing billions of miles of data from more than 50,000 vehicles in its network and providing accurate, ongoing emissions audits combined with its Fleet Modernization and Finance Program.
John Flynn founded Fleet Advantage in 2008 with the goal of developing solutions to significantly reduce emissions using a sustainable Fleet Modernization Program. The company has introduced breakthroughs including emissions scorecards, early truck EXchangeIT® program, and financial flexibility to acquire use of clean-diesel engines more frequently as the emission technology advances. This program has helped fleets meet GHG-1and -2 Federal mandates to reduce CO2, while saving millions of dollars year-over-year with improved MPG and reduced fuel consumption.
Fleet Advantage customers operate fleets with lower cost per mile, a reduced carbon footprint and improved safety and driver morale by maintaining their fleet’s average life at about 2-3 years. This helps compliment ESG strategies for its customers in their goal to report to regulators and critical stakeholders. The company’s data analytics have proven that switching from an 8-year truck life cycle to a 4-5-year life cycle nets an average fleet reduction of 2.5 million gallons and 25,000 metric tons of CO2. According to the IEA, global energy-related carbon dioxide emissions continued to rise by 6% in 2021, their highest ever level.
“We have been preparing our corporate clients for this event since our inception, and are proud of the measures we put in place to reduce emissions along with supporting certification,” said John Flynn, CEO of Fleet Advantage. “We were committed to a philosophy of making change within the industry when we opened our business in 2008, and today we continue to innovate strategies to maintain our commitment.”
Currently, five of America’s top ten corporate fleets trust Fleet Advantage as their truck finance partner. To learn more or receive an emissions scorecard and fleet modernization study, call 954-615-4400 or visit https://www.fleetadvantage.com/contact
About Fleet Advantage
Fleet Advantage is the largest independent lessor of heavy-duty Class-8 trucks with over $1.8 Billion of assets under its Life Cycle Cost Management (LCCM) program servicing America’s top corporate fleets, including 5 of the top 10 corporate fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest technologies to achieve optimum vehicle productivity and maximum safety. Our TCO model and clean diesel, safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized by industry leaders and maintains an annual growth rate exceeding 20% with numerous awards. The company has been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation, and its CEO John Flynn was a recipient of the Ernst & Young Entrepreneur of the Year® Florida in 2011 – Emerging Category award.