LEASEUROPE
Leaseurope's mission is essentially to represent and promote the interests of its members as the expert and natural voice of the European leasing and automotive rental industries.
ID: 16013361508-12
Lobbying Activity
Response to Taxonomy Delegated Acts – amendments to make reporting simpler and more cost-effective for companies
26 Mar 2025
Leaseurope supports steps towards simplification of sustainability information disclosure including screening criteria for Do No Significant Harm (DNSH). However, we note in particular: It is important that a wide perspective, covering opportunities as well as risks arising from sustainability, is taken when assessing the contribution of financial institutions to the EUs long term goal of climate neutrality. Particularly in relation to the provision of asset finance to support SMEs on their journey to becoming more sustainable, a significantly wider perspective of transition finance is needed as compared to what is currently proposed. Leaseurope has prepared a proposed definition of Transition Asset Finance, which we will be happy to share and discuss. It is important that definitions of transition finance are consistent and supported as part of ESRS reporting. There remains considerable work to make DNSH reporting requirements practicable for companies, including financial institutions, that must rely on manufacturer data, that is often limited. A particular issue at present is that financial institutions may be unable to report financing of electric vehicles as taxonomy-qualifying because of the criteria that are applied on Pollution prevention and control. The implementation of the DNSH criteria in its current form results in a distorted and reduced picture of efforts made by leasing companies to facilitate the uptake of electric vehicles. We attach our full feedback, including our publication The role of leasing in contributing to a sustainable growth for Europe (also available at https://www.leaseurope.org/_flysystem/s3?file=2024-10/LEASEUROPE_Sustainability-Leaflet_10-2024.pdf). We will also be happy to share and discuss our proposed definition of Transition Asset Finance with the Commission and other interested stakeholders, and to discuss other points in our feedback. About us: Leaseurope, the European Federation of Leasing Company Associations, is an umbrella body bringing together 46 national associations throughout Europe representing bank-owned, captives and independent lessors as well as long and short-term automotive rental companies.
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