August 2, 2006—PHH Arval and Environmental Defense have announced the pilot of a new climate-neutral program for vehicle fleets: PHH GreenFleet. The first program of its kind in North America, according to the two companies, PHH GreenFleet is an effective way to reduce fleet operating costs, decrease global warming pollution, and meet corporate goals. PHH Arval is a leading fleet management company and subsidiary of PHH Corporation, and Environmental Defense is one of the nation’s leading environmental organizations representing more than 400,000 members.
PHH GreenFleet is designed to give companies the tools they need to enhance financial and environmental performance. The linkage is simple: burning a gallon fuel creates greenhouse gas emissions and costs money, so cutting fuel consumption will reduce pollution and fuel costs.
As part of PHH Arval’s commitment to the environment, the Maryland-based company has also offset its own fleet emissions, making it the first North American fleet management company to employ a climate-neutral fleet, the company says. To neutralize the climate impact of its sales fleet, PHH Arval worked with Carbonfund.org, a non-profit leader in carbon offset services, to acquire greenhouse gas offsets. By purchasing verified emissions reductions, or “offsets,” PHH Arval is ensuring that greenhouse gas emissions from its fleet are counterbalanced by reductions of greenhouse gases elsewhere.
PHH Arval and Environmental defense formed a strategic partnership in 2005 to find ways to reduce greenhouse gas emissions while producing business benefits for commercial fleets.
For more information visit Web sites for PHH Arval and Environmental Defense.
