Fleet Advantage, a provider of truck fleet business analytics, equipment financing and life cycle cost management, will help corporate truck fleets certify their greenhouse gas emissions output, which was recently mandated under a proposed rule issued by the Securities and Exchange Commission. Fleet Advantage is a finance lessor that has been certifying such measures for a decade, with a focus on tractor trailer fleets that operate high annual mileages.
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 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 by May 20.
With more than 12 years of experience reporting to corporate truck fleets to achieve emissions sustainability, Fleet Advantage has developed technologies analyzing billions of miles of data from more than 50,000 vehicles in its network while providing emissions audits combined with its fleet modernization and finance program.
“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,” John Flynn, CEO of Fleet Advantage, said. “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.”
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