Improve your sustainability credentials with a salary sacrifice scheme

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A company’s sustainability performance is now more important than ever. The term was first used in the mid-2000s, and while back then people could see its importance, no one could have guessed just how important it would become – not only in the day-to-day running of a company, but what it would mean to the investment market. Pension fund managers now look closely at the sustainability reports of companies they might invest in.

From a business owner’s point of view, maximising your sustainability credentials is not only a way of raising your company’s profile, it can also be a way of saving large sums of money. A firm might make use of a government grant to install solar panels and save money on fuel bills; it might adopt biodegradable packaging for its products; or it might switch to electric vehicles for the company fleet. All will help improve an organisation's sustainability goals.

The UK government is committed to the phasing out of petrol and diesel vehicles in favour of electric, and will impose a ban on the sale of new ones from 2035 onwards. Any company with a vehicle fleet should consider what this will mean for its business. It must also accept that the aspirations of its workforce and how they relate to sustainability are crucial to its success.

Scenic image seen from an electric car

One cost-effective solution is to introduce an electric car salary sacrifice scheme for employees, whereby a lump sum is deducted from their monthly wage and an electric car provided in return. Both the employee and the employer stand to benefit this way. The employee, through savings on National Insurance and tax, and the employer, by reducing their employee National Insurance contributions.

Through ElectriX and our specialist leasing partner CBVC, we can provide electric cars, manage the fleet and take care of maintenance. Specialist electric car vehicle insurance and the installation of electric car home chargers can be tied in with the leasing contract too.

By adopting electric vehicles, your company will significantly reduce its carbon footprint. In many countries, road transportation is one of the main sources of air pollutants that contribute to global warming. Switching to electric vehicles will help reduce this impact.
 
Adopting an electric car salary sacrifice scheme to provide your employees with electric vehicles could also prove to be a major incentive for them to stay with the company – and encourage others to join, which could help to reduce your recruitment costs. Having an electric fleet also speaks volumes about your company’s commitment to the environment, focus on costs and value of a motivated workforce. And it shows its eyes are focused on a sustainable future.
 

 

Add a spark to your employees' benefits

Help your employees make the switch to electric with our EV salary sacrifice scheme.
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