ST. LOUIS, MO--(Marketwire - June 3, 2010) - Enterprise Holdings -- North America's largest and most comprehensive service provider in the car rental industry -- has announced its commitment to reduce both energy use and energy costs by 20 percent over the next five years through a new sustainability initiative the company is calling its 20/20 Vision. Through an upfront investment in energy-saving technologies and conservation practices, the company expects to decrease the environmental impact of neighborhood car rental branches and airport facilities it owns and operates through its regional subsidiaries. The company expects to reduce energy costs by $50 million.
"The 20/20 Vision aligns the interests of our customers, employees and partners with the long-term interests of our business by expanding our environmental commitment through every level of our operations," said Lee Broughton, director of sustainability for Enterprise Holdings, which operates the Alamo Rent A Car, Enterprise Rent-A-Car, and National Car Rental brands. "Proactively reducing our energy use and natural resource consumption not only decreases our impact on the environment, but also will result in cost savings to ensure the sustainability of our business."
The 20/20 Vision was developed based on recommendations by Enterprise Holdings' Chairman's Task Force on Sustainability -- a cross-section of the company's departmental leadership -- that is leading an assessment of the company's operations to identify opportunities to make significant, positive changes.
Using these recommendations, operations managers throughout the company are developing energy- and cost-reduction goals. Initial changes -- such as using more energy-efficient lighting and switching to energy-saving software tools -- at the company's headquarters in St. Louis and across more than 7,600 neighborhood and airport locations will lead to a dramatic reduction in the company's energy use and costs.
"We are challenging our managers to look for smart, innovative ways to reduce our energy use and create systems for managing our energy consumption going forward. Investing in efficient technologies and conservation practices is critical in today's marketplace, where we are seeing more and more evidence of consumers preferring to do business with socially responsible companies," added Broughton.
Enterprise Holdings began piloting the 20/20 Vision in select markets in 2009. Based on the success of those pilots, the company is now rolling out the program companywide -- nationally and internationally, across the Alamo, Enterprise and National brands.
"Since we began formally focusing on sustainability issues several years ago, we've built a robust platform of initiatives to reduce our environmental impact and improve the communities in which we operate. With the 20/20 Vision, we continue to look forward toward an even more sustainable future -- through the next five years and beyond," said Broughton.
This announcement marks the next evolution of the company's industry-leading environmental platform that includes initiatives such as a customer carbon offset program; a pledge to plant 50 million trees over the next 50 years; an unparalleled fleet of fuel-efficient vehicles, FlexFuel vehicles, and gas/electric hybrids; the use of biodiesel fuel in its Alamo, Enterprise and National airport shuttle buses; and a commitment to alternative fuels research. Since 2006, Enterprise's environmental stewardship has resulted in:
- In its first year, customer participation in the company's carbon offset program, along with a match from the company's charitable foundation, generated $440,000 to fund several certified offset projects that work to remove carbon dioxide from the atmosphere. With partner TerraPass, these projects offset 42,000 metric tons of carbon, which, based on U.S. Environmental Protection Agency (EPA) standards, is equivalent to saving 4.8 million gallons of gasoline and 98,000 barrels of oil.
- Annual recycling of approximately 710,000 gallons of used motor oil and more than 676,000 used oil filters through the Alamo, Enterprise and National brand operations.
- In 2010, the planting of the 5 millionth tree through the company's 50 Million Tree Pledge, a partnership with the Arbor Day Foundation and U.S. Forest Service.
- Recognition in 2009 by the Environmental Defense Fund for the company's new rental transaction system at its more than 7,600 locations worldwide -- a network of 45,000 energy-saving thin client terminals deployed through the company's regional subsidiaries, which will enable the company to cut its annual carbon dioxide emissions by 6.5 million pounds -- a reduction of nearly 1,000 pounds of carbon dioxide per branch office per year.
- WeCar car-sharing technology -- complemented by Enterprise Rent-A-Car's extensive local car rental network -- provides an environmentally friendly transportation solution, whether it is for an hour, a day, a weekend or longer. Totally automated and membership-based, WeCar serves local businesses, universities and government offices looking to enhance their fleet management operations and sustainability initiatives.
- Significant strides in alternative fuel research at the Enterprise Institute for Renewable Fuels focusing on the creation of biofuels from algae, soybean and camelina. Since the Institute was created in 2007 through a partnership between Enterprise and the Donald Danforth Plant Science Center, it has been awarded approximately $75 million in additional research grants.
All told, over the past several years Enterprise Holdings and the Taylor family have contributed or pledged more than $120 million to environmental initiatives. For more information about the company's full environmental platform, visit www.keystogreen.com.
About Enterprise Holdings
Enterprise Holdings, through its regional subsidiaries, operates more than 1 million cars and trucks, the largest fleet of passenger vehicles in the world today. Enterprise Holdings is North America's largest and most comprehensive service provider in the car rental industry, operating the Alamo Rent A Car, Enterprise Rent-A-Car and National Car Rental brands. Together, the Alamo, Enterprise and National brands collectively lead the car rental industry with more than a third of all airport business in the U.S. and Canada. Enterprise has ranked highest in customer satisfaction among North American airport rentals in 10 of the past 11 years, according to J.D. Power and Associates Rental Car Satisfaction Study. In addition, Enterprise won Budget Travel magazine's 2010 Readers' Choice Award as their favorite rental car company for customer service around the globe. Other affiliated business lines include Enterprise Fleet Management, Enterprise Commercial Trucks, Enterprise Car Sales, Enterprise Rideshare vanpooling and WeCar car sharing.
Enterprise Holdings offers business and retail customers a total transportation solution through a worldwide network of more than 7,600 airport and neighborhood locations as well as local car leasing, vanpooling and car sharing programs. With a well-established track record for making "virtual cars" convenient and affordable for those who prefer to "buy for the need and rent for the exception," Enterprise Rent-A-Car launched car-sharing in 2007 as a natural extension of its business rental program and longtime focus on customized local service. Ranked No. 24 on the Forbes Top 500 Private Companies in America list, Enterprise Holdings is owned by the Taylor family of St. Louis and headquartered in St. Louis -- the only investment-grade company in the car rental industry. In addition, Enterprise Holdings is part of a global strategic alliance with Europcar, creating the world's largest car rental network. For more information about Enterprise Holdings, visit www.enterpriseholdings.com.
Contact Information:
For more information, contact:
Lisa Martini
Enterprise Holdings
314-512-2352