An increasing number of European countries are switching to an emissions-based car tax system due to global pressure to reduce carbon emissions, according to the 2014 edition of the annual "Fleet Europe" Taxation Guide.
Shareholder Pressure for Carbon Disclosure Puts Corporate Fleets in the Cross Hairs
A record number of resolutions were filed during the 2009 proxy season by investor groups to get companies to voluntarily disclose data about their "carbon footprints," which includes the greenhouse gas (GHG) emissions caused directly and indirectly by their operations. These investors argue companies that disclose and mitigate GHG emissions will be rewarded with higher valuations and a lower cost of capital. At many companies, fleet represents a sizeable percent of their carbon footprint.