Hyperion Offers Employees $5,000 Toward Purchase of Hybrid Cars

Hyperion Offers Employees $5,000 Toward Purchase of Hybrid Cars

Hyperion Solutions, a Silicon Valley software company, has launched a first-of-its-kind initiative to help its employees purchase fuel-efficient cars for their personal use. Under its new Drive Clean to Drive Change initiative, Hyperion will reimburse employees $5,000 for vehicles that achieve 45 miles per gallon or the equivalent of gasoline.

“Companies and individuals have extraordinary power to make a difference,” said Godfrey Sullivan, president and chief executive officer of Hyperion, in announcing the initiative. “One of the most important steps an individual can take to improve the quality of our air is to drive a vehicle that goes further on a gallon or liter of gas. One of the most important steps a company can take is to help them.”

The 45-mpg standard (approximately 5.3 liters per 100 kilometers) 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 that increasingly are available in most of the countries in which Hyperion does business.

Carbon dioxide emissions from personal vehicles are a major cause of poor air quality in industrialized nations. According to the U.S. Environmental Protection Agency, the United States pumps about 22 tons of carbon dioxide emissions into the atmosphere per person every year, with Japan, Germany and the United Kingdom each at about half that level. Switching from a car that gets 20 mpg to one that gets 45 mpg can reduce carbon dioxide emissions by as much as three tons per person per year.

“We know we are not necessarily going to change the world through this initiative, but we aim to get people thinking about change,” said Sullivan. “Drive Clean to Drive Change is not just a good thing to do. It’s the right thing to do.”

Under the Drive Clean to Drive Change initiative, employees who have been with Hyperion one year or longer can seek reimbursement for one vehicle every four years. Hyperion is aiming to reimburse up to 200 employees each year; reimbursements are available to employees on a first come, first served basis.

Sullivan said the Drive Clean to Drive Change program reflects Hyperion’s culture and its commitment to the communities in which it does business. “Employees can be as proud of our culture as they are of our software,” said Sullivan.

To help other companies that would like to create similar initiatives for their employees, Hyperion will share what it has learned, including best practices, through its newly formed Companies for Clean Air Consortium. More information is available online.