Ms. Laura Dottori-Attanasio reports

ELEMENT FLEET ACHIEVES B SCORE IN CDP CLIMATE CHANGE ANALYSIS

Element Fleet Management Corp. has received a B score from CDP, improving significantly from its previous D rating, and ranking higher than the North American regional average.

Core to Element's improved CDP score this year was the disclosure of greenhouse gas (GHG) emissions. In addition, Arc by Element, its end-to-end fleet electrification and decarbonization solution, continues its positive momentum. The company has also taken steps to reduce energy usage across its facilities, including consolidating office footprints.

"We're proud of the progress we've made toward environmental transparency. Our commitment to playing our part in building a sustainable future is unwavering," said Laura Dottori-Attanasio, president and chief executive officer. "By taking action and leading with integrity and transparency, Element is well positioned to make the tangible changes that matter to our people, clients, suppliers and communities -- to create a better world for future generations."

In 2023, Element completed CDP's climate change questionnaire that encompassed global data covering Canada, the United States, Australia, New Zealand and Mexico. This year's CDP score reflects the important action on climate issues the company is taking related to environmental transparency.

"At Element, we continue to set targets, share our progress, and continuously improve our environmental, social and governance performance globally," said David Colman, executive vice-president, and chief legal and sustainability officer. "Our CDP score this year acknowledges that we are taking important action on climate issues, and delivering sustained and positive differences where we live and work."

About Element Fleet Management Corp.

Element Fleet Management is the largest publicly traded 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's services address every aspect of clients' fleet requirements, from vehicle acquisition, maintenance, accidents and remarketing, to integrating electric vehicles and managing the complexity of gradual fleet electrification. 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.

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