EDEN PRAIRIE, MN - GE Capital Fleet Services announced its Environmental Performance solution was reapproved as a GE ecomagination product, confirming the significant operating and environmental performance improvements it delivers to customers. As a GE ecomagination product, reapproval must be sought every three years to reconfirm the validity of the product offering.
GreenOrder, a strategic consulting firm specializing in environmental sustainability, reapproved the Environmental Performance solution through a rigorous review process including an in-depth examination of the product's performance claims.
The Environmental Performance solution provides customers with individually tailored strategies to reduce operating costs while lowering the environmental impact of their fleets. This is achieved through a combination of customized vehicle selection services, integrated vehicle efficiency tools, and in-depth analysis and reporting.
For example, vehicle efficiency tools can help reduce fuel consumption and CO2 emissions and yield annual savings of over $475 in gasoline costs per vehicle, at $2.50 per gallon, while avoiding 1.7 metric tons of CO2 emissions per vehicle. In addition, selecting more fuel-efficient vehicles and moving to a smaller vehicle class, or incorporating hybrids, can result in a 17 - 59 percent improvement in fuel consumption for a fleet, generating annual per-vehicle savings of $435 to $870 in fuel costs, at $2.50 per gallon, while avoiding the emission of 1.6 to 3.2 metric tons of CO2 per vehicle, per year.
"Our customers benefit from having a team dedicated to continually developing products and services to help them advance corporate environmental goals while optimizing operational efficiencies," said John Whyte, Environmental Performance product manager for GE Capital Fleet Services. "Not only do we leverage the extensive fleet management knowledge and strategic consulting services within our business, but we also leverage the full breadth of expertise available across GE."
As an environmental leader within the fleet industry, GE Capital Fleet Services has published two guides on environmentally efficient fleet management and driver best practices. The complimentary guides are available for download at www.gefleet.com/ecoguides.
About GE ecomagination
Ecomagination is GE's company-wide initiative to advance technologies that help customers meet pressing operational and environmental challenges. Since its launch in 2005, ecomagination has grown to generate revenues of more than $17 billion through a robust portfolio of more than 80 environmentally innovative products and services. GE Capital Fleet Services' Environmental Performance solution is currently available in the U.S., Canada and Europe.
About GE ecomagination certification
The ecomagination Product Review (EPR) process provides a third-party verification of claims, quantifying operating and environmental performance benefits that accrue to GE's customers by using ecomagination products relative to baselines such as competitors' best products, the installed base of products and regulatory standards. These ecomagination claims can be found in GE's printed materials and advertisements and on the Web at www.ge.com/ecomagination. Ecomagination products are re-certified regularly to help ensure that claims remain accurate.
About GE Capital, Fleet Services
GE Capital, Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. Visit the Web site at www.gefleet.com. GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapitalNews). GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at www.ge.com.