With environmental sustainability being more important than ever before, we see more and more companies turning to transportation for emission reductions. For the third consecutive year, transportation is the highest emitter of greenhouse gases, resulting in unhealthy air quality for more than 4 in 10 Americans. A shift to alternative fuel within your insourced or outsourced fleet can provide environmental benefits to support your sustainability plan. That’s the kind of progress more consumers demand, meaning your bottom line benefits too.
Make sustainability your differentiator
The number of corporations reporting sustainability progress is rapidly increasing. In 2018 alone, 86% of S&P 500 Index® companies published sustainability or corporate social responsibility reports. Couple this statistic with the more than 60% of consumers expecting corporations to care about improving air quality, according to Nielsen Research, and suddenly alternative fuel has a new meaning.
As transportation continues to be a target for emission reductions, alternative fuel use will expand. Your fleet or outsourced logistics can strengthen your environmental performance, while working toward alleviating key issues held by your customers. And the best part is, you have choices when it comes to alternative fuel.
Renewable natural gas features the lowest carbon intensity of any fuel and therefore the highest lifecycle greenhouse gas emissions reductions. Further, vehicle technology is established, as well as infrastructure, making renewable natural gas a great sustainable strategy for leading trucking fleets. Other fleets have opted for renewable diesel and biodiesel to reduce their carbon footprint. As hydrogen and electric technologies solidify, fleets will have even more options to consider.
No need to break the bank
It’s hard to dispute the environmental benefits of alternative fuel, but have you also considered the economic benefits? Renewable natural gas is recognized by many programs as a renewable fuel solution and can therefore qualify for financial credits associated with its use. Along with other alternative fuels, companies using renewable natural gas can avoid tax penalties placed on high-carbon fuels like diesel and qualify for a per-gallon retroactive tax credit. So, while the initial cost of implementing alternative fuel use to a fleet system may be higher, the per-mile cost can be lower due programs in place that incentivize alternative fuel usage. As a result, transitioning to alternative fuel makes it more cost effective over time.
Using alternative fuel is a great way to boost environmental sustainability and set an example for combating climate change, while strengthening your bottom line. Reach out to learn more.