DLL received the 2015 Green Finance Transaction of the Year Award from Leasing Life, one of the top leasing industry journals in Europe. The award recognizes the lessor judged to have completed the most significant single transaction involving a "green" asset in 2015, or to have funded the greatest proportion of "green" deals relative to total new business in 2015.
The Green Finance Transaction Award acknowledges the clear vision DLL has for its business and the truly innovative steps it has taken to address the changing needs of its customers. DLL has pioneered a Life Cycle Asset Management (LCAM) program and proactively engages manufacturing partners in projects and pilots to support and create a usage-based future. The DLL LCAM program covers the economic management of assets throughout their entire technical life. This is accomplished by providing tailored financial services (e.g. operational lease, swapping of assets, extended usage, redeployment, second life finance). LCAM makes proactive use of the repair, maintenance and refurbishment skills of DLL's manufacturing partners. When executed properly, LCAM enables manufacturers, dealers, end users and DLL to extract more value from their assets. DLL's second life equipment financing investments grew from 1% in 2013 to 5% in 2015. DLL intends to see this percentage grow to 20% by 2020.
"This award is an honorable recognition for DLL," states Jean Pierre Vissers, Executive Vice President, DLL Europe. "Our pioneering efforts within Lifecycle Asset Management are evolving each year, and I am delighted to see that this strategy supports the business success of our partners while also contributing to a more sustainable environment for future generations."
DLL's second and third life financing enables its partners to transition from selling an asset to selling a service, leading to the more sustainable service-based economy. Earlier this month, DLL's LCAM activities were rewarded as DLL was also named a finalist for the Circular Economy Investor Award, part of the 2016 Circulars Awards program, organized by the World Economic Forum's Young Global Leaders in collaboration with Accenture.
The Green Finance Transaction of the Year award was presented to Jean Pierre Vissers on December 3, 2015 at the Leasing Life Conference & Awards Dinner, held at the internationally renowned five star Corinthia Hotel in Budapest, Hungary. Over the past 10 years, the Leasing Life Conference & Awards has become the asset finance and leasing industry's signature event. The awards recognize the achievements of the European asset finance industry in 2015. A complete list of the award winners can be found here.