Supporting sustainable business growth has been part of our values as well as those of our partner IVECO for many years now. In early 2018, we decided to go even further together with preferential financing solutions that facilitate access to less polluting commercial and industrial vehicles. We therefore launched a first “green plan” in February 2018, before participating in the European BioLNG project in 2019. Let’s take a look back at these two initiatives.
The “Gas Route”: a pan European project to support the energy transition
Since the beginning of 2019, we’ve been part of a major European project with IVECO, aiming to reduce CO2 emissions in Europe by 60% before 2030. Called the BioLNG Euronet, the project brings together several major players from the energy and transport sectors.
In concrete terms, we’ll be supporting the development of Natural Gas (liquefied or compressed) as transport fuel through our joint venture,CNH Industrial Capital Europe, in cooperation with European institutions.
In the first 2 months, CNH Industrial Capital Europe has already approved nearly 200 financing requests, 30 of which are currently being signed. This Joint Venture offers, in particular, competitive leasing solutions that partially compensate the price difference between diesel and gas trucks (up to €6,000), via a grant from the European Commission.
A solid common and proven commitment
This European project is not our first collaboration with IVECO in favour of sustainable development. In 2018, our CNH Industrial Capital Europe joint venture provided preferential financing terms to IVECO customers wishing to purchase gas or electric commercial and industrial vehicles. In retrospect: nearly 1,000 files have been validated with a loan agreement, 2/3 of them are already being financed, and 1/3 are in the final decision process.
Half of these offers, in the form of leasing agreements or rental contracts depending on the country, were attributed to IVECO’s Daily Blue Power vehicles: the Daily Electric (zero emission), the Daily Euro 6 2020 RDE Ready (new generation of diesel vehicle) and the Daily Hi-Matic Natural Power (natural gas-powered light commercial vehicle). The other half of the contracts were financing offers for the Stralis NP 460, an ultra-durable, natural gas-powered truck.
“The financing plans offered jointly with BNP Paribas Leasing Solutions enable us to help our customers convert their vehicle fleets to gas or electric energy, and thus move towards a more sustainable transport sector,” said Gerrit Marx, President of IVECO.
“Like with these projects carried out with IVECO, our ambition is to build more and more concrete offers that support sustainable growth with our partners. It’s a part of our ambitions and our commitments within BNP Paribas Leasing Solutions as well as within the BNP Paribas Group,” comments Charlotte Dennery, Chief Executive Officer of BNP Paribas Leasing Solutions.