Ingredient Fleet Management Releases 2022 Environmental, Social and Governance (ESG) Report

Ingredient Fleet Management

The second yearly report information the Company’s focus on accelerating EV adoption, boosting supply chain range, and ongoing development toward embedding an ESG framework across the firm

TORONTO, April 19, 2022 (Globe NEWSWIRE) — Aspect Fleet Management Corp. (TSX: EFN) (“Element”), the premier pure-perform automotive fleet supervisor in the world, these days introduced the publication of its second once-a-year ESG report, titled “Delivering Actual Change”. The report aspects development on the Company’s ESG technique, ambitions and commitments initial formulated in 2020 and outlined in its inaugural report very last year, although mapping out objectives for 2022 and past.

As a company of planet-course fleet management expert services, Element’s reason is to guarantee that its clients’ automobiles and their motorists are safer, smarter and far more effective. Knowledge the significant purpose that fleet administration plays in building a cleaner, safer, more equitable and inclusive future, the Corporation developed its ESG Scorecard to maintain alone publicly accountable. The 2022 ESG Scorecard is a summary of the aims and metrics that Element has proven primarily based on four crucial pillars: Sustainability Diversity, Fairness and Inclusion Security and Gratification and Governance.

“The enterprise of fleet administration positions Component at the heart of decarbonization — one of the most significant global ESG priorities,” explained Jay Forbes, President and CEO of Component. “The function carried out in 2021 to establish Arc by Factor, an close-to-finish supplying to manual our consumers through the ICE-to-EV changeover, is a incredible milestone in our main sustainability determination to decrease our greenhouse gasoline emissions and permit our customers to do the same.”

“ESG is transformative work for Component and the fleet sector,” said Jacqui McGillivray, Government Vice President and Chief Folks and Social Effects Officer at Factor. “Since developing our ESG method just two decades in the past, we have engaged our men and women and purchasers in new strategies as we learn and increase jointly on the journey to electrification, the implementation of new remedies to generate a culture of protection, broadening range and inclusion to incorporate fairness, and augmenting our governance excellence.”

Essential highlights of the 2022 ESG Report

Sustainability

  • Petroleum use: Ingredient surpassed a cumulative goal of 127B grams of carbon dioxide (CO2) saved (because 2017), with precise benefits exceeding its 12 months-stop 2021 focus on by 3B grams.

  • Electrification of fleets:

    • The creation of Arc by Ingredient – the company’s comprehensive, built-in end-to-conclusion EV offering designed to aid purchasers navigate and simplify the advanced changeover from ICE motor vehicles to EVs. The Company is actively performing with dozens of clientele in pilot and pre-pilot levels to establish EV transition options. The electrification of Element’s internal fleet outperformed globally about the past year, inspite of challenges presented by the pandemic and the connected OEM generation delays.

    • EV originations continued an upward trend, outperforming at calendar year-stop 2021 with 6,733 vehicles globally.

Diversity, Fairness and Inclusion

  • Supply Chain Diversity: In 2021, $1.5 billion USD was expended with a lot more than 4,700 various suppliers throughout the U.S., which incorporated around $200 million USD with recognized little businesses and $700 million USD with girls-owned firms. In spite of issues linked to the pandemic, and auto acquisition, Factor is happy to have achieved 80% of its target.

Satisfaction and Basic safety

  • Aspect surpassed its ambitious target with an ordinary 3.8 preventable accidents for every million kilometers driven in 2021, strengthening consumer and driver security by means of our accident administration system giving.

Governance

  • The Company obtained recognition for its governance excellence which includes a very first position rating in the Globe and Mail’s once-a-year Board Games report on company governance in Canada.

  • Element moved up to silver in its EcoVadis sustainability position. This outcome places Factor between the 85th percentile of providers assessed by EcoVadis.

To watch the 2022 ESG report and associated summary, be sure to pay a visit to https://www.elementfleet.com/about-us/esg

To learn more about Arc by Aspect and fleet electrification, please go to https://www.elementfleet.com/arc

About Factor Fleet Management

Factor Fleet Administration (TSX: EFN) is the largest pure-enjoy automotive fleet manager in the planet, furnishing the comprehensive variety of fleet companies and answers to a escalating base of faithful, earth-course consumers – corporates, governments and not-for-gains – throughout North The united states, Australia and New Zealand. Component enjoys confirmed resilient money movement, a sizeable proportion of which is returned to shareholders in the variety of dividends and share buybacks a scalable running platform that magnifies profits advancement into earnings advancement and an evolving funds-lighter small business design that enhances return on fairness. Element’s solutions and answers handle every aspect of clients’ fleet demands, from auto acquisition, servicing, accidents, and remarketing to integrating EVs and controlling the complexity of gradual fleet electrification. Shoppers benefit from Element’s skills as the major fleet solutions service provider in its markets, featuring unmatched economies of scale and insight employed to lessen fleet working expenditures and enhance productivity and efficiency. For more facts, pay a visit to www.elementfleet.com.

Ahead-Wanting Statements
This push launch consists of forward-on the lookout statements concerning Ingredient and its small business. These statements are dependent on the recent anticipations and views of long term activities of Element’s administration. In some conditions the forward-on the lookout statements can be recognized by words and phrases or phrases these as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the adverse of these conditions, or other very similar expressions intended to detect forward-looking statements, like, amid other folks, statements regarding Element’s EV system and abilities world EV adoption charges enhancements to clients’ support knowledge and support stages improvement of economic general performance enhancements to client retention trends reduction of working expenses increases in effectiveness Element’s dividend coverage and the payment of future dividends development of worth for all stakeholders anticipations relating to syndication expansion prospective clients and predicted revenue advancement level of workforce engagement advancements to magnitude and excellent of earnings govt selecting and retention concentration and discipline in investing stability sheet administration and designs to cut down leverage ratios expected positive aspects of the balanced scorecard initiative Element’s proposed share buys, which includes the range of widespread shares to be repurchased, the timing thereof and TSX acceptance of the NCIB and any renewal thereof and anticipations regarding money efficiency. No ahead-wanting assertion can be guaranteed. Forward-seeking statements and information by their mother nature are centered on assumptions and require identified and mysterious threats, uncertainties and other things which may perhaps cause Element’s real results, overall performance or achievements, or business success, to be materially different from any future results, functionality or achievements expressed or implied by these types of ahead-on the lookout statement or information and facts. Accordingly, audience really should not put undue reliance on any ahead-on the lookout statements or information and facts. This kind of hazards and uncertainties contain those people relating to the ongoing COVID-19 pandemic, dangers concerning the fleet management and finance industries, financial elements and a lot of other aspects over and above the handle of Ingredient. A dialogue of the substance dangers and assumptions related with this outlook can be observed in Element’s once-a-year MD&A, and Once-a-year Facts Form for the year ended December 31, 2020, each and every of which has been submitted on SEDAR and can be accessed at www.sedar.com. Apart from as expected by relevant securities legislation, ahead-searching statements communicate only as of the day on which they are built and Aspect undertakes no obligation to publicly update or revise any forward-wanting assertion, whether or not as a result of new information, future occasions, or if not.

Get hold of: Contacts: Michael Barrett Vice President, Trader Relations (416) 646-5698 [email protected] Natasha Boeck Senior Manager, Media Relations (289) 374-1739 [email protected]