August 30, 2021 – Element Fleet Management Corp. (TSX: EFN) (“Element”), the largest pure-play automotive fleet manager in the world, today announced it has joined the educational team at the North American Fleet Association’s (NAFA) Annual Institute & Expo in Pittsburgh, Pennsylvania August 30 – September 1, 2021. Sheri McGrath, Element’s Head of Diversity & Inclusion, will share expert insights and effective practices on inclusive leadership in her talk, Are you In? Strategies for Practicing Inclusive Leadership.
“NAFA’s theme this year is Drive the Change. At Element our Ways of Working drive our commitment to diversity and inclusion, which we see as a strategic business imperative,” said McGrath. “We are committed to lead by example by attracting and developing a diverse workforce, elevating the importance of inclusion, promoting diversity across our supply chain, and giving back to our communities in a way that makes a positive impact.”
In its recently released ESG report, Element outlined the steps it has been taking to advance the knowledge base in the organization and create more inclusive spaces, including completing a company-wide D&I diagnostic to identify priorities and employee sentiment, rolling out conscious inclusion training, re-launching 9 Business Resource Groups, and focusing on women and minorities in leadership. With a steady focus on continuous improvement, Element has increased employee engagement by 9% to 86% over the last two years, boosted its D&I Index to 89%, and surpassed its target of 30% women on the board of directors.
McGrath explained that Element is equally focused on helping clients achieve their supplier diversity goals. “We continue to expand our diverse supplier network on behalf of our clients. In 2020, over $1.8 billion was spent with women and minority-owned suppliers. We offer customized tracking solutions to help drive and manage clients’ diverse supplier strategies.”
Element is a proud member of the National Minority Supplier Development Council (NMSDC), the Canadian Aboriginal and Minority Supplier Council (CAMSC), and is an active corporate partner with Disability:IN Minnesota. In 2020 Element was awarded the Supplier Diversity Partner of the Year by Johnson Controls.
Join us! Sheri McGrath can be heard on Wednesday, September 1, 2021 from 4:00 pm – 5:00 pm at the David L. Lawrence Convention Center in Pittsburgh, and will be available August 31 from 8:30 am to 2:00 pm, and September 1 from 8:30 am to 1:00 pm. at the Element booth #2144 on the expo floor.
Download Free Resources Learn more about Element’s Diversity & Inclusion programs here and download Element’s Environment, Social and Governance (ESG) report here. If you are interested in learning more from Sheri McGrath, Element’s Head of Diversity & Inclusion, contact the Element communications team at email@example.com.
About Element Fleet Management
Element Fleet Management (TSX: EFN) is the largest pure-play automotive fleet manager in the world, providing the full range of fleet services and solutions to a growing base of loyal, world-class clients – corporates, governments and not-for-profits – across North America, Australia and New Zealand. Element enjoys proven resilient cash flow, a significant proportion of which is returned to shareholders in the form of dividends and share buybacks; a scalable operating platform that magnifies revenue growth into earnings growth; and an evolving capital-lighter business model that enhances return on equity. Element’s services address every aspect of clients’ fleet requirements, from vehicle acquisition and maintenance to accident recovery and remarketing. Clients benefit from Element’s expertise as the largest fleet solutions provider in its markets, offering unmatched economies of scale and insight used to reduce fleet operating costs and improve productivity and performance.
Vice President, Communications
This press release includes forward-looking statements regarding Element and its business. Such statements are based on the current expectations and views of future events of Element’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements, including, among others, statements regarding Element’s improvements to run-rate profitability; enhancements to clients’ service experience and service levels; enhancement of financial performance; improvements to client retention trends; reduction of operating expenses; increases in efficiency; Element's dividend policy and the payment of future dividends; transformation of its core business; creation of value for all stakeholders; expectations regarding syndication; growth prospects and expected revenue growth; level of workforce engagement; improvements to magnitude and quality of earnings; executive hiring and retention; focus and discipline in investing; balance sheet management and plans to reduce leverage ratios; anticipated benefits of the balanced scorecard initiative; Element’s proposed share purchases, including the number of common shares to be repurchased, the timing thereof and TSX acceptance of the NCIB and any renewal thereof; and expectations regarding financial performance. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause Element's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Such risks and uncertainties include those regarding the ongoing COVID-19 pandemic, risks regarding the fleet management and finance industries, economic factors and many other factors beyond the control of Element. A discussion of the material risks and assumptions associated with this outlook can be found in Element's annual MD&A, and Annual Information Form for the year ended December 31, 2020, each of which has been filed on SEDAR and can be accessed at www.sedar.com. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Element undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.