For the past 70 years, we’ve been helping companies grow by allowing them to acquire the equipment they need. Thanks to the strong relationships we’ve built with equipment manufacturers and dealers, we’ve developed a cross-sector expertise and are in a position to foresee changes and trends.
We regularly expand the range of equipment we finance to include more sustainable equipment and those equipped with the latest technologies. We also adapt our suite of solutions and services to better respond to the evolving needs of our clients.
A long-term presence in the traditional markets
At the heart of the real economy, we support businesses by financing equipment that are essential to their growth. This involves a large range that has constantly evolved and expanded over the years.
Like in the 1950’s, when the focus was on rebuilding the French economy post-war, we channeled our resources to finance innovative equipment (by the 50’s standards!) like tractors, combine harvesters, cranes, trucks, forklifts, excavators and much more across the construction, agriculture, material handling and the transport sectors.
Later, with the advent of new technologies, businesses needed to finance newer types of equipment like computers, mobile phones, photocopiers and telecommunications infrastructures. Once again, we supported them through this major transformation.
Today, we still finance logistics and technology equipment in these well-known traditional sectors, through the strong relationships we’ve built with the major manufacturers and dealers.
An ever-evolving equipment range to support Sustainable Development
We capitalise on our expertise in traditional markets to explore newer sectors, especially those that push for a more sustainable future.
We do this by financing more and more businesses and equipment that contribute to the Sustainable Development Goals defined by the United Nations.
Through our long-term presence in the traditional markets, we had already been contributing to helping feed the populations and build new and more sustainable infrastructures.
But we wanted to go further and take proactive steps to promote and support the positive-impact investments of our clients.
We therefore continue to enlarge the range of equipment financed to include those that promote ecological transition by reducing pollution, consuming less energy and/or by deriving energy from renewable sources. Like LED lighting systems, photovoltaic panels, cogeneration systems, etc. The latter, for instance, ensure that energy is generated in a more efficient and cleaner way and that the residual energy usually wasted, is put to use. To promote greener mobility, we also offer finance solutions for hybrid and electric buses and vehicles, their charging terminals, and for trucks running on NGV (Natural Gas for Vehicle) and BioGNV.
In addition to energy transition, we work in sectors like healthcare and recycling to promote Circular Economy. We fund medical equipment that ensure good health and well-being of the people. But also equipment for waste management and recycling which allow for a more sustainable management of equipment at the end of their lifecycle.
Solutions that promote Circular Economy
Maximising the value of raw materials is a major challenge for everyone, be it consumers, businesses, or even countries, since it involves limiting waste and preserving the Earth’s natural resources.
At BNP Paribas Leasing Solutions, we aim to break away from the so-called linear economy of extracting, producing, using and disposing. For many years now, we have been pushing for a more circular model with the ambition to give a second or even a third life to professional equipment, in all sectors where this is possible. Finance, Recover, Refurbish, and Resell or Re-rent is our philosophy. A philosophy that resonates with all our customers who seek to limit the environmental impact of their activities. This is precisely what the solutions proposed by our subsidiaries BNP Paribas 3 Step IT and BNP Paribas Rental Solutions Trucks aim to do by working around the equipment life cycle. BNP Paribas 3 Step IT refurbishes 97% of the technological equipment at the end of the contract: this reduces the carbon footprint associated with equipment production and transport by 36%. BNP Paribas Rental Trucks maintains and repairs the vehicles it manages and ensures that they are resold at the end of the contract.
Usage Economy at the core
The Circular Economy model is a response to the new consumption patterns which involve paying for the use of an equipment, and not for its ownership. By leasing equipment from specialised companies, businesses get to completely outsource equipment management, particularly at the end of the contract. As the owner of the leased equipment, we recover the equipment and try giving it a second life, or recycle it according to environmental standards in cases where it can no longer be used.
While the preference for using an equipment has already started to dominate the will to own it, there is still a long way to achieve a true state of Usage Economy – a scenario in which the user would only pay for the actual use of his equipment, as in the case of industrial vehicles whose rents are calculated by the kilometre. Or like the first photocopiers that already offered the possibility to pay for the number of copies made.
This, again, makes for a truly virtuous model, since the objective is to keep using the equipment for as long as possible and to maximise its use. Even though the Internet of Things (IoT) has already given birth to pay-per-use services by offering the possibility to closely monitor the use of each machine, the road is still long. But it has a lot of potential and presents some great opportunities for companies, and we are ready to accompany them on this journey, as we have been doing on the ones towards Sustainable Development and Circular Economy.