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Fleet Advantage Helps Corporate Truck Fleets Certify GHG Output For New SEC Climate Disclosure Proposal

Fleet Advantage, a leading innovator inĀ truckĀ fleet business analytics, equipment financing, and life cycle cost management (LCCM), announced 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.Ā 

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 complimentĀ ESG strategiesĀ 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 theĀ IEA, global energy-related carbon dioxide emissions continued to rise by 6% in 2021, their highest ever level.

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 visitĀ https://www.fleetadvantage.com/contact

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Paradip Port Authority crosses 50MMT throughput in four months

This is the fastest ever throughput recorded in the port’s history, informed the port authority. In the current fiscal, the coveted mark was achieved 8 days in advance compared to last year and the Port has clocked an incremental...

Visakhapatnam Port reports highest Manganese ore discharge

This record unloading surpasses the previous record set in May of 2024, where 17 vessels discharged 4,37,270 Metric Tonnes of dry bulk cargo at the major port on the east coast of India. The Chairperson of Visakhapatnam Port, M Angamuthu...

Thailand explores direct shipping to Chittagong

Bangladesh’s annual maritime trade with Thailand stands at two billion dollars. In 2015, Bangladesh and Thailand agreed to launch coastal shipping service. In February 2016, a team of 11 people, including the governor of Thailand’s Renong Port, visited Bangladesh....
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