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Latest News

US firm helps staff buy fuel-efficient cars

by Personnel Today 7 Dec 2004
by Personnel Today 7 Dec 2004

A US technology firm is spending $1m (520,000) a year to offer its employees financial incentives to purchase fuel-efficient cars for personal use.

The move reflects the increasing desire of companies to highlight their commitment to corporate social responsibility, improving their employer brand.

Hyperion, a supplier of business performance management software, launched its ‘Drive Clean to Drive Change’ initiative last week, under which the company will reimburse employees $5,000 (2,600) for vehicles that achieve 45 miles per gallon.

The 45-mpg standard, which is approximately 5.3 litres per 100 kilometres, results in dramatically less carbon dioxide emissions when compared to the vast majority of gasoline-powered vehicles. The standard also is achievable by fuel-efficient vehicles using technologies such as hybrid, diesel and electric.

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Hyperion has about 2,500 employees worldwide – 1,500 of which are in the US. The funding will allow 50 workers per quarter to take advantage of the subsidy.

Godfrey Sullivan, president and CEO of Hyperion, said: “We know we are not necessarily going to change the world through this initiative, but we aim to get people thinking about change.”


Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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