Schneider Electric has achieved significant cost savings after switching its lease scheme to a new blended employee car ownership (ECO) scheme.
The scheme is HMRC-compliant and was restructured last year following the optional remuneration arrangement (OpRA) tax changes. The cars are funded through AMAP (approved mileage allowance payment) rates and a loan.
Drivers in each grade are able to choose from a basket of five benchmark cars, with the option to trade up or down.
Schneider Electric has worked closely with manufacturers to maximise the discounts to get the best spec vehicles possible into the benchmark grades, giving the drivers a better choice.
A CO2 emissions cap of 130g/km is in place with average CO2 emissions of 114g/km last year (down from 125g/km in 2015) and plans to reduce this further this year.
Schneider Electric has also achieved savings on the commercial vehicle fleet thanks to a dual badge deal and switching 52 drivers from small vans to small cars after conducting an audit to ensure the operation was fit for purpose.
To improve vehicle off-road time smart repairs are utilised where possible and tyre replacements (tread wear) are set to be pre-booked and done at site rather than needing to visit a tyre provider.
Schneider Electric’s approach to risk management is also comprehensive, earning it a RoSPA Gold Award last year.
It is now adopting the ISO 39001 Road Traffic Safety Management standard and has set a number of objectives including:
- Improving its analysis of incident reporting and utilising the data from driver training more effectively;
- Raising awareness of road safety through a communications plan; embedding a road safety culture by issuing a Safe Driving Charter for completion by all drivers;
- Continuing to improve driver competence;
- Improving the monitoring of vehicle safety by conducting an annual inspection of ECO and contract hire vehicles.
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