Laurent Quignon, Head of banking economics at BNP Paribas is answering to our questions.
What solutions will help improve the energy efficiency of companies?
BNP Paribas develops innovative financing solutions for any company seeking to improve its energy efficiency. One of its most recent solutions is an offer dedicated to helping companies install LED lighting.
Every year, the International Energy Agency (IEA) publishes its World Energy Outlook, a global forecast of the energy industry. Its 2016 report outlines several potential scenarios and identifies areas for improvement. Its “2°C scenario” aims to keep global warming below 2°C by 2100. For this to happen, the IEA recommends focusing 40% of the sector’s efforts on energy efficiency. Several renewable energy solutions already exist to achieve this goal, including LED technology.
LED: a viable and energy efficient solution
LED (Light Emitting Diode) technology is a lighting solution which currently offers the lowest level of electricity consumption. The icing on the cake is that LEDs have a long life and can be easily adapted for any purpose.
For companies, replacing old lighting (incandescent, fluorescent or halogen bulbs) with LEDs means:
- increased comfort,
- substantial energy savings (80% reduction in electricity used for lighting), for an economic and environmental benefit.
BNP Paribas Leasing Solutions: financing through leasing!
Despite their benefits, LEDs remain underused by companies, notably due to the high purchase price. To help companies “switch to LED”, BNP Paribas Leasing Solutions unveiled an innovative financing offer in November 2016: financing through long-term leasing.
This offer can finance renovation projects for inside and outside lighting installations in all activities: services, industry, commerce, etc.
It covers all of the work involved (replacement, installation, automated management systems, etc.) so long as the LED lights comply with the current quality and safety standards in effect. The offer is expected to expand to other European countries in 2017.
Always doing more to support energy efficiency
The new offer from BNP Paribas Leasing Solutions fits into a line of offers intended to support companies in their efforts to reduce their energy bill.
- In France, the Change To Green system from BNP Paribas provides diagnostics and points of improvement for energy transition work at companies. The system also includes assistance to finance renovation work.
- In Belgium, BNP Paribas Fortis helps SMEs to design and finance infrastructure for renewable energy production, or other actions to improve the energy efficiency of facilities.
- BNP Paribas Real Estate leverages responsible real estate to help companies obtain high quality environmental certification for their commercial real estate.
- Arval, the leader in long-term vehicle leasing, encourages low-carbon mobility by monitoring vehicle fuel consumption and CO₂ emissions, analyzing vehicle behavior for the fleet, helping to optimise consumption (choice of fuel, including electric and hybrid vehicles, car sharing solutions, etc.), eco-driving training for employees, etc.
- BNP Paribas Leasing Solutions has also developed an offer for long-term leasing or financing of low-carbon assets, including natural gas-powered trucks.
- The “Créditbail” green property offer encourages the use of buildings with high energy performance by offering reduced design and engineering costs.
And for individuals?
BNP Paribas also offers dedicated products to improve the energy efficiency of homes.
For example, BNP Paribas Personal Finance has already formed partnerships in several countries with industrial companies, such as makers of solar panels and high-efficiency boilers, as well as energy companies that perform energy audits…
These partnerships enable the bank to offer innovative offers, combining high-performance energy efficiency equipment and attractive financing, in France, Belgium, Italy, Portugal and even China!
BNP Paribas also offers French consumers the opportunity to perform an online self-diagnostic to estimate their home’s energy performance and learn more about potential improvements at www.monprojetrenovation.com.
* The IEA’s “2°C scenario” anticipates a rise in global temperatures, caused by global warming, but not exceeding 2°C.
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