Business sustainability strategies are commonplace, especially for larger organisations with a considerable amount of carbon emissions. For those businesses with a fleet of corporate cars, there is an increasing need for the inclusion of electric vehicles (EVs) within these sustainability pledges, and there are a lot of reasons for doing so. Let’s take a look at three of the biggest drivers for change.
Business Sustainability Strategies Should Be Measurable and Reportable
Engaging stakeholders and reporting progress requires measurable variables, and with some elements of sustainability, this isn’t achievable, but the electrification of your vehicle fleet is.
From the incentives available through the Office for Low Emission Vehicles (OLEV), to the lower cost of ownership, the cost of electricity per kWh and the dramatic reduction in fuel expense receipts, the electrification of a corporate fleet is fully measurable. This allows you to accurately analyse its impact to the business, its financial benefits and even the reduction in carbon emissions compared with your traditional fleet of internal combustion engine vehicles (ICE vehicles).
Electrifying Your Fleet Makes Good Business Sense
A recent survey conducted by UPS and GreenBiz, 64% of respondents stated that lower cost of ownership was their main motivation for electrifying their fleet, with 83% giving sustainability and environmental goals as their primary objective.
The installation of EV charging stations in your private car park is also an appealing addition to new business credentials, in a marketplace increasingly encouraged to consider the environmental impact of suppliers and trade partners.
There are a number of larger organisations worldwide leading this change and a collection of around 60 businesses identified as ‘high investors’ when it comes to including EVs in their business sustainability strategies. Together, these companies own more than 80,000 EVs and 10,000 charging stations for customers and workers. Their commitment to EVs not only vastly improves their businesses carbon emissions, but also puts them ahead of the curve as we approach the 2035 cut off point for the sale of traditional diesel and petrol cars in the UK.
Your Corporate Social Responsibility Is Changing
Did you know that the transport sector is the fastest growing contributor to climate change, accounting for 23% of global energy-related greenhouse gas (GHG) emissions? With that in mind, what if we told you that businesses own over half of all newly registered vehicles?
According to The Climate Group, an international non-profit organisation which brings together powerful networks of businesses and governments to encourage global shifts and policy making, it is the investment and influence of businesses over staff and customers worldwide that can address rising global transport emissions.The business sector, with robust business sustainability strategies, has the power to significantly enhance mass demand for EVs by setting out EV purchasing requirements. By doing so, and committing to ambitious mass roll-out timescales, the industry has the power to make electric cars rapidly more affordable on a global scale.